8915 MONROE AVENUE, Burnaby
$1,898,000
This 7,722 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.
Ideal for both owner-occupancy and investment, Great mountain view, now is tenanted for $4500/month, this two-storey detached home in Burnaby sits on a large lot measuring 7,722 sq. ft with 78 frontage.; the entire parcel features no slopes, Accommodating six bedrooms and three bathrooms, the property enjoys an outstanding location with superb everyday convenience: 2-minutes walk to the local elementary school and a 5-minute stroll to the secondary school, steps away from a community park within a mature, strip mall, secure and peaceful residential neighbourhood, only a 3-minutew drive to Lougheed Mall and 15 minutes to Metrotown. R1 zoning, excellent opportunity for development.
How this price compares
This lot asks $246 per square foot of lot. That is 9% below the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 83 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
- $1,898,000
- Lot size
- 7,722 sqft
- Lot dimensions
- 78 x 99
- Frontage
- 78 ft
- Bedrooms
- 6
- Bathrooms
- 3
- Year built
- 1971
- Zoning
- R1
- MLS® area
- The Crest
- MLS® number
- R3132404
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-07-25.