7863 WEDGEWOOD STREET, Burnaby
$3,798,800
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.
Rare opportunity to acquire a prime development site! Properties at 7843, 7853 & 7863 can be sold together, with each lot approximately 50 x 207 sq. ft., totaling approximately 31,050 sq. ft. Ideally located adjacent to Edmonds Street, this site offers strong redevelopment potential, with the possibility of a 4-storey apartment building (buyer to verify with the City). Situated in a rapidly growing area with excellent access to amenities, transit, and major routes, making it a compelling long-term development opportunity.
How this price compares
This lot asks $367 per square foot of lot. That is 36% above the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 212 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
- $3,798,800
- Lot size
- 10,350 sqft
- Lot dimensions
- 50 x 207
- Frontage
- 50 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1953
- Zoning
- R1
- MLS® area
- Burnaby Lake
- MLS® number
- R3113321
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-07-25.