7843 WEDGEWOOD STREET, Burnaby
$3,798,000
This 10,350 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.
A rare combination of holding income, future self re-development (6 units), or land assembly w 2 more lots into 4 storey building. Estimated rental income appr. $7,500/m. Once “in a lifetime opportunity. Be prepared for the future “. “4 -storey apartment zoning lots in new OCP”. Builders can also split one lot into 3 sml lots. Located in a rapidly growing area with excellent amenities, transit access, and strong future potential. The house was Recently done in stages into a very new offering with one legal 2 bed suite - can be 3 bed, or 2 more bd income generating accommodation. Reno was done w great workmanship. With 2 bedroom/2 bath up, Shed in backyard is yet another potential waiting for ideas. 3 full sets laundry machines.
How this price compares
This lot asks $367 per square foot of lot. That is 35% above the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 211 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
- $3,798,000
- Lot size
- 10,350 sqft
- Lot dimensions
- 50 x 207
- Frontage
- 50 ft
- Bedrooms
- 6
- Bathrooms
- 4
- Year built
- 1955
- Zoning
- R1
- MLS® area
- Burnaby Lake
- MLS® number
- R3082120
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-07-25.