5565 GILPIN STREET, Burnaby
$1,998,800
This 10,800 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.
Rare opportunity to own this well-maintained home situated on a huge 10,800 sq ft flat lot with desirable north-south orientation in a prime Burnaby Location! Backing directly onto a peaceful park with lane access, this property offers exceptional privacy and a spacious, fenced & gated backyard, perfect for entertaining, gardening, kids or pets. Recent updates include new paint, updated flooring in selected areas (2026), updated drainage (2025), & newer covered upper sundeck (2014). Functional layout with double garage plus 3 extra secured parking spaces. Conveniently located near parks, schools, transit, shopping & amenities. Excellent opportunity for families, investors, or builders with strong future potential in a highly desirable neighborhood!!
How this price compares
This lot asks $185 per square foot of lot. That is 32% below the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 21 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
- $1,998,800
- Lot size
- 10,800 sqft
- Lot dimensions
- 60 x 180.00
- Frontage
- 60 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1969
- Zoning
- R1
- MLS® area
- Deer Lake Place
- MLS® number
- R3122943
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-07-25.