4922 IRMIN STREET, Burnaby
$2,180,000
This 6,566 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 alert! Potential development opportunity in Central Burnaby! This rectangular 6,566 sq. ft. Property comprises two legal lots, offering the flexibility to build now or hold for potential future multifamily redevelopment through assembly with neighbouring properties. The existing five-bedroom, three-bathroom home features two self-contained suites, each with its own kitchen and laundry, providing excellent rental-income potential. Ideally located just minutes from Metrotown, SkyTrain, schools, Central Park, Bonsor Recreation Complex, grocery stores and award-winning restaurants.
How this price compares
This lot asks $332 per square foot of lot. That is 25% above the median of $265 across the 254 active lots VanPlex is showing in Burnaby, and puts it 195 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
- $2,180,000
- Lot size
- 6,566 sqft
- Lot dimensions
- 134 x
- Frontage
- 134 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1976
- MLS® area
- Metrotown
- MLS® number
- R3158945
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Listing data via MLS®. Displayed for information only.