7016 SIERRA DRIVE, Burnaby
$1,788,000
This 7,200 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 7,200 sqft view lot in highly desirable Burnaby North (Westridge) offering stunning water and North Shore mountain views and exceptional future potential. The existing home is currently tenanted, providing immediate rental income, and has been updated with a heat pump (2023), new roof (2025), and a fully renovated bathroom. Perfect for builders, investors, or those planning a future custom home, this property combines flexibility, location, and income potential. Conveniently close to transit, parks, shopping, and top-rated schools including Westridge Elementary and Burnaby North Secondary.
How this price compares
This lot asks $248 per square foot of lot. That is 8% below the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 87 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
- $1,788,000
- Lot size
- 7,200 sqft
- Lot dimensions
- 60 x 120
- Frontage
- 60 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1950
- Zoning
- R1
- MLS® area
- Westridge BN
- MLS® number
- R3150898
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-07-29.