7520 CANADA WAY, Burnaby
$1,450,000
This 7,620 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 potential on a large lot with generous 66 foot frontage - 120 feet deep for a total of 7,920 square feet. Back lane access offers a short, private stretch of road with just a few neighbours for you to meet between Graham Ave & 16th Ave. Inside you’ll find renovations underway but not completed. Finish the project and start bringing in rent. Or consider Burnaby’s revised Small-Scale Multi-Unit Housing guidelines (published July 2026). Build up to 6 units with a variety of design and siting options. Consult the City of Burnaby to verify development potential. Showings available by appointment.
How this price compares
This lot asks $190 per square foot of lot. That is 30% below the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 23 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
- $1,450,000
- Lot size
- 7,620 sqft
- Lot dimensions
- 66 x 120
- Frontage
- 66 ft
- Bedrooms
- 6
- Bathrooms
- 4
- Year built
- 1935
- Zoning
- R1
- MLS® area
- East Burnaby
- MLS® number
- R3153136
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-08-05.