5755 MONARCH STREET, Burnaby
$2,180,000
This 9,030 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.
BUILDER AND INVESTOR ALART! Sit in the desirable deer lake place & on a huge 70' x 129' lot facing "south" on the "high side" with beautiful city view & lane access. Maximum SSMUH Residential Units Per Legal Lot 6. It's real good opportunity to hold it now at the current market and build in the future. What a central location - walk to all levels of schools. Quiet tree lined street and steps to Deer Lake Park and Burnaby City Hall. It has 3622 sqft with total 6 bedrooms and 5 bathrooms. Upper level features 5 bedrooms with a covered balcony and view. Basement has 1 more bedroom, 3 pc bath, workshop and separate entry (with suite potential). Updates over the years inc/roof (lifetime warranty), eaves, double attached garage & large fenced private backyard. ( safe for kids & your privacy)
How this price compares
This lot asks $241 per square foot of lot. That is 9% below the median of $265 across the 254 active lots VanPlex is showing in Burnaby, and puts it 76 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
- 9,030 sqft
- Lot dimensions
- 70 x 129
- Frontage
- 70 ft
- Bedrooms
- 6
- Bathrooms
- 5
- Year built
- 1977
- Zoning
- R1
- MLS® area
- Deer Lake Place
- MLS® number
- R3161698
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-09-04.