5578 OAKGLEN DRIVE, Burnaby
$2,198,000
This 8,585 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.
Experience breathtaking mountain and city views from this architectural masterpiece in the desirable Forest Glen neighborhood. Fully renovated in 2026, this home features a kitchen with new appliances, beautifully updated bathrooms, new flooring, fresh paint, and a repaired deck, making it completely move-in ready. Major upgrades include warranty coverage for the roof, windows, furnace, and hot water tank for added peace of mind. Located in an SSMUH zoning area with potential to build four single-family homes with views, this is a rare opportunity for both homeowners and investors.
How this price compares
This lot asks $256 per square foot of lot. That is 5% below the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 101 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
- $2,198,000
- Lot size
- 8,585 sqft
- Lot dimensions
- 65 x
- Frontage
- 65 ft
- Bedrooms
- 7
- Bathrooms
- 4
- Year built
- 1972
- Zoning
- R1
- MLS® area
- Forest Glen BS
- MLS® number
- R3154326
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-08-10.