7320 IMPERIAL STREET, Burnaby
$1,579,000
This 6,848 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.
FOR BUILDERS & SAVVY INVESTORS. This 6,848 sqft lot zoned R1-SSMUH (Small-Scale Multi-Unit Housing) permits up to 4-6 dwelling units depending on transit proximity (buyers to verify Frequent Transit Network Areas eligibility with City of Burnaby). Flexible housing types: multiplex, rowhouse, duplex etc. Possible reduced parking if within 400m of frequent transit. Existing 3,061 sqft home, with upper & basement levels tenanted, provides holding income while you plan redevelopment under this SSMUH zoning. Centrally located in Highgate near Edmonds SkyTrain, shopping, schools & major routes. This transit-oriented location strengthens long-term redevelopment viability and density potential. Call now for a private showing.
How this price compares
This lot asks $231 per square foot of lot. That is 15% below the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 60 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
- $1,579,000
- Lot size
- 6,848 sqft
- Lot dimensions
- 68 x 100
- Frontage
- 68 ft
- Bedrooms
- 7
- Bathrooms
- 6
- Year built
- 1924
- Zoning
- R1
- MLS® area
- Highgate
- MLS® number
- R3154163
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-08-10.