5039 MARINE DRIVE, Burnaby
$1,699,000
This 7,936 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.
Fantastic investment opportunity—perfect to live or hold for future potential. The large lot offers a desirable south-facing view and convenient lane access. Fully renovated in 2010, featuring a new roof, furnace, hot water tank, plumbing, electrical and gas systems, windows, flooring, kitchen, bathrooms, and built-in cabinets in the living room and bedrooms. The main floor includes 3 spacious bedrooms and 2 bathrooms, offering comfortable family living. The walk-out lower level presents excellent income potential, with the possibility of creating two separate rental suites—each with 2 bedrooms and 1 bathroom. Just steps from Frogger's Creek Ravine and close to schools, shopping malls, golf courses, and community centers, this property truly has it all. Don’t miss this rare opportunity!
How this price compares
This lot asks $214 per square foot of lot. That is 21% below the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 40 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
- $1,699,000
- Lot size
- 7,936 sqft
- Lot dimensions
- 62 x 128.00
- Frontage
- 62 ft
- Bedrooms
- 7
- Bathrooms
- 4
- Year built
- 1968
- Zoning
- R1
- MLS® area
- South Slope
- MLS® number
- R3095159
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-07-25.