4843 VENABLES STREET, Burnaby
$1,696,000
This 5,978 sqft property in Burnaby is a detached single-family home on a lot the new rules make suitable for a multiplex. Burnaby follows the provincial small-scale housing rules, so most single-family lots allow three to four homes, and lots near frequent transit can allow up to six. Burnaby's larger average lot size often makes the higher counts easier to lay out.
Rare opportunity to secure an exceptional 49' x 122' lot in a highly sought-after location with stunning Metrotown skyline views. Situated on a quiet street, this prime R-1 zoned property allows for Small-Scale Multi-Unit Housing (SSMUH) and offers outstanding potential for redevelopment, investment, or a custom dream home. The existing home features over 2,500 sq. ft. of living space with 4 bedrooms, 2 bathrooms, and 2 fireplaces, providing ample room for families or rental income while planning your future vision. The home requires some updating and is being sold primarily for land value. Enjoy close proximity to parks, schools, transit, shopping, and all the amenities this desirable neighbourhood has to offer. A fantastic opportunity in an area surrounded by quality homes.
How this price compares
This lot asks $284 per square foot of lot. That is 5% above the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 153 of 258 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $1,696,000
- Lot size
- 5,978 sqft
- Lot dimensions
- 49 x 122
- Frontage
- 49 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1955
- Zoning
- R1
- MLS® area
- Brentwood Park
- MLS® number
- R3137952
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-07-25.