5561 SMITH AVENUE, Burnaby
$2,300,000
This 6,254 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.
59x106 Lot Size. Value is in the land for future development. Community Plan(s) OCP: Mid-Rise Apartment 2 - 20 Storeys, LAP: Metrotown - High Density Residential RM5 (Max 2.6 FSR Mid rise residential buildings), not in ALR as per AutoProp.
How this price compares
This lot asks $368 per square foot of lot. That is 36% above the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 213 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
- $2,300,000
- Lot size
- 6,254 sqft
- Lot dimensions
- 59 x 106
- Frontage
- 59 ft
- Bedrooms
- 1
- Bathrooms
- 2
- Year built
- 1930
- Zoning
- R1
- MLS® area
- Central Park BS
- MLS® number
- R3105412
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-07-25.