4505 MARINE DRIVE, Burnaby
$1,799,000
This 13,532.71 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.
BUILDERS AND INVESTORS!! This massive 13,532 SQF South Slope development site (high side of Marine Drive) features convenient real lane access and prime proximity to transit! Provincial and municipal densification changes have reduced efforts and costs to developers to increase the housing supply in the lower mainland which includes this unique property. R1 designation allows your client to build up to 12 dwelling units on this property if subdivided, or up to 6 dwelling units as is, or anywhere in between if your client wishes to build for themselves with the bonus of added rental revenue from additional units! Also the potential for a land assembly of additional properties for serious inquiries, and, the City of Burnaby has allowed for a delayed payment process for DCC’s and CAC’s.
How this price compares
This lot asks $133 per square foot of lot. That is 49% below the median of $259 across the 234 active lots VanPlex is showing in Burnaby, and puts it 7 of 234 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
- $1,799,000
- Lot size
- 13,532.71 sqft
- Lot dimensions
- 66.39 x 233
- Frontage
- 66.39 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1952
- Zoning
- R1
- MLS® area
- South Slope
- MLS® number
- R3092640
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-07-25.