9986 CASEWELL STREET, Burnaby
$2,395,000
This 6,910 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.
DEVELOPER & INVESTOR OPPORTUNITY — Exceptional holding property in Burnaby’s rapidly evolving growth corridor. Preliminary drawings available for 2 duplexes comprising 4 sellable units, with additional potential for future high-rise redevelopment under the OCP (buyer to verify with City). The existing 2-storey residence offers 7 bedrooms, over $150,000 in recent renovations, and strong holding income with quality tenants generating approx. $5,000/month. Situated on a flat, usable lot in a prime location near Lougheed Mall, SkyTrain, Walmart, parks, schools, and the future recreation centre. An outstanding opportunity to hold, build, rent, or assemble in a high-demand area with significant long-term upside.
How this price compares
This lot asks $347 per square foot of lot. That is 28% above the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 205 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
- $2,395,000
- Lot size
- 6,910 sqft
- Lot dimensions
- 58 x
- Frontage
- 58 ft
- Bedrooms
- 7
- Bathrooms
- 2
- Year built
- 1958
- Zoning
- R1
- MLS® area
- Sullivan Heights
- MLS® number
- R3122483
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-07-25.