5463 PORTLAND STREET, Burnaby
$1,498,000
This 4,026 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.
Spacious 5-bedroom, 2-bathroom home offering great flexibility for families or investors! The main level features 3 bedrooms and 1 full bathroom, while the lower level includes a 2-bedroom, 1-bathroom separate entrance-perfect as a mortgage helper. Functional layout with plenty of living space throughout. Ideal for extended families or those looking for rental income potential. Conveniently located close to amenities, schools, and transit. A fantastic opportunity to own a versatile home with income-generating possibilities!
How this price compares
This lot asks $372 per square foot of lot. That is 37% above the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 216 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
- $1,498,000
- Lot size
- 4,026 sqft
- Lot dimensions
- 33 x
- Frontage
- 33 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1969
- Zoning
- R1
- MLS® area
- South Slope
- MLS® number
- R3111594
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-07-25.