6891 BURLINGTON AVENUE, Burnaby
$1,888,000
This 5,489 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.
Excellent investment and holding opportunity! Situated in the Royal Oak area with significant future redevelopment potential, this property offers the possibility of future high-density development up to 20 stories (buyers to verify with the City regarding zoning and development potential). The property is being sold as is, where is, with land value being the primary consideration. Currently tenanted by long-term tenants. An ideal opportunity for investors, builders, and developers looking to secure a property in a rapidly evolving neighbourhood.
How this price compares
This lot asks $344 per square foot of lot. That is 27% above the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 199 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
- $1,888,000
- Lot size
- 5,489 sqft
- Lot dimensions
- 50 x
- Frontage
- 50 ft
- Bedrooms
- 1
- Bathrooms
- 1
- Year built
- 1945
- Zoning
- M4
- MLS® area
- Metrotown
- MLS® number
- R3140429
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Listing data via MLS®. Displayed for information only. Zoning M4 stamped from the city record on 2026-07-25.