4772 RIDGELAWN DRIVE, Burnaby
$1,988,000
This 7,320 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 just minutes from Brentwood, with easy access to shopping, restaurants, transit, schools, and amenities. Situated on a sloped 60' x 122' (7,320 sq.ft.) lot with beautiful city and mountain views. Main floor features 2 bedrooms, flex room, 2 bathrooms, and two balconies; lower level offers 2 bedrooms, 1 bathroom, and shared laundry. Detached rear garage with lane access provides parking and storage; roof recently replaced. Both levels are rented, generating approximately $4,400/month. Beautifully landscaped backyard with 3 mature fig trees. Excellent potential for families, investors, or future development. Don’t miss this North Burnaby opportunity!
How this price compares
This lot asks $272 per square foot of lot. That is 3% above the median of $265 across the 254 active lots VanPlex is showing in Burnaby, and puts it 140 of 254 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
- $1,988,000
- Lot size
- 7,320 sqft
- Lot dimensions
- 60 x 122
- Frontage
- 60 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1955
- Zoning
- R1
- MLS® area
- Brentwood Park
- MLS® number
- R3161428
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-09-03.