5010 LORRAINE AVENUE, Burnaby
$1,688,000
This 5,304 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.
Great home with seven bdrms, two baths & Hardwood floors in prime area of Central Park waiting for your decorating ideas, investors or builders. West facing 52 X 102 Ft lot with lane access and new roof (2021) is centrally located & minutes to BCIT, LaSelle Colege, Electronic Art, Central Park, Metrotown & Brentwood Town Centre Shopping areas. Inman Elementary and Moscrop Secondary catchments. Easy access to Hwy #1, public transportation including Patterson & Joyce Skytrain Stations. All showings require minimum 24 hr notice. Build up to 4 units under R1 Small-Scale Multi-Unit Housing District. Buyer to verify with the City of Burnaby.
How this price compares
This lot asks $318 per square foot of lot. That is 18% above the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 185 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
- $1,688,000
- Lot size
- 5,304 sqft
- Lot dimensions
- 52 x 102
- Frontage
- 52 ft
- Bedrooms
- 7
- Bathrooms
- 2
- Year built
- 1955
- Zoning
- R1
- MLS® area
- Central Park BS
- MLS® number
- R3152268
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-08-04.