5058 CARSON STREET, Burnaby
$1,950,000
This 8,052 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.
Prime South Slope opportunity on a quiet cul-de-sac! This 66’ x 122’ (approx. 8,052 sq.ft.) south-facing lot sides onto a park offering exceptional privacy and a serene natural outlook. Zoned R1 SSMUH potential for up to 6 residential units achievable in this transit oriented area (buyer to verify with City of Burnaby), making it ideal for builders, investors, or future development. The existing home is currently tenanted at $5,600/month, providing solid holding income. Rare combination of location, lot size, income, and future density potential in one of Burnaby’s most desirable neighbourhoods.
How this price compares
This lot asks $242 per square foot of lot. That is 11% below the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 77 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
- $1,950,000
- Lot size
- 8,052 sqft
- Lot dimensions
- 66 x 122
- Frontage
- 66 ft
- Bedrooms
- 7
- Bathrooms
- 4
- Year built
- 1956
- Zoning
- R1
- MLS® area
- South Slope
- MLS® number
- R3104080
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-07-25.