8258 BURNLAKE DRIVE, Burnaby
$5,680,000
This 12,341 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.
Prestigious Burnaby Government Road neighborhood! Extensively renovated 1970s home seamlessly blends mid-century charm with contemporary design, offering spacious open floor plan. Stunning Renovations upgrades with Open-concept kitchen, double garage, new insulation, stucco rain screen, wood-grained aluminum siding, major structural, electrical, gas & heating improvements, walk-in steam shower, tankless water heater, AC unit, Gourmet Kitchen w high grade appliance. This lot is prime candidate for future development. Located within Transit-Oriented Development Area TOA 800m Tier area & OCP Land Use Designation(Base) with Low-Rise Apartment 2 - height up to 8 storeys. Ideal holding property for future development - potential Land assembly or for extra spacious Small-Scale Multi-unit Housing.
How this price compares
This lot asks $460 per square foot of lot. That is 70% above the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 243 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
- $5,680,000
- Lot size
- 12,341 sqft
- Lot dimensions
- 56.72 x
- Frontage
- 56.72 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1974
- Zoning
- R1
- MLS® area
- Government Road
- MLS® number
- R3079141
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-07-25.