5507 DORSET STREET

5507 DORSET STREET · Burnaby, Metrotown · Vacant Land · $2,999,000 · MLS R2997235

Burnaby, British Columbia · Neighbourhood: Metrotown
C$2,999,000
For sale
5507 DORSET STREET

5507 DORSET STREET is located in Burnaby (Metrotown). Property snapshot: Vacant Land, listed at $2,999,000, MLS R2997235. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 121. Catchment schools include Maywood Community Ele

List Price: $2,999,000
MLS: R2997235
Days on Site: 121
Catchment Schools: Catchment schools include Maywood Community Elementary, Burnaby South Secondary
Price History: Latest recorded list price 2999000.00; 1 price change(s) on file

Local Decision Guide

How should buyers evaluate 5507 DORSET STREET?

Start by reading this listing in its Burnaby Metrotown context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

Burnaby listings should also be screened against SSMUH and provincial small-scale multi-unit housing rules. R1, R4 and R5 zoning may affect multiplex analysis, but they are not automatic buildability guarantees; lot dimensions, area, servicing, trees, parking, permits and current city interpretation still matter.

Burnaby SSMUH / R1 / R4 / R5 quick checklist
  • Confirm the zoning label: R1, R4, R5 or another district.
  • Check lot size, frontage, lane/driveway access, trees, parking and servicing.
  • Read SSMUH, provincial rules and Burnaby's current permit interpretation together.
What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 5507 DORSET STREET?

This page shows a list price of $2,999,000 with MLS R2997235.

What type of home is this Burnaby, Metrotown listing?

The page shows Vacant Land at 5507 DORSET STREET. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 121 days on market/site. Latest recorded list price 2999000.00; 1 price change(s) on file.

Which catchment schools are associated with 5507 DORSET STREET?

Catchment schools include Maywood Community Elementary, Burnaby South Secondary. Catchment boundaries can change, so buyers should verify with the school district or their realtor before writing an offer.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

How should Burnaby listings be screened for SSMUH, R1, R4 and R5 risk?

Burnaby listings should be checked against SSMUH, provincial small-scale multi-unit housing policy, R1/R4/R5 zoning, lot size, frontage, servicing, trees, parking and permits. R1/R4/R5 are due-diligence signals, not automatic buildability.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

Exceptional development opportunity: 6,732 SF south-facing corner site in Burnaby´s Royal Oak Urban Village, one block from SkyTrain. Designated for *Medium Density Mixed-Use*, this site supports a mid-rise project featuring ground-floor retail and five levels of residential. Estimated buildable area of 25,000-28,000 SF allows for 22-28 units (1BR, 2BR, and 3BR mix) plus 2,000-2,500 SF of prime commercial space and underground parking. Ideal for developers seeking a high-exposure, transit-oriented project in a rapidly evolving hub. *Note: All images are artist renderings for conceptual purposes only. Final design and density subject to municipal approval. Buyer/Agent to independently verify all zoning and development specifications.* (id:56153)

Property Details

Vacant Land
Building Type
-
Bedrooms
-
Bathrooms
6,561 sf
Lot Area

Transaction: For sale

Lot Frontage: 64 ft

Status: active

Listing ID: 28247146 (R2997235)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$2,999,000

Lot Area: 6,561 sf

Lot Frontage: 64 ft

PID: 002-563-886

Days on Site: 121 days

Added to BurnabyHouse: 2026-03-06

Updated on: 2026-05-04 01:02 PM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

Maywood Community Elementary ELEMENTARY
Public · School District 41
4567 Imperial St, Burnaby, BC
Straight-line distance about 1.1 km
Burnaby South Secondary SECONDARY
Public · School District 41
5455 Rumble St, Burnaby, BC
Straight-line distance about 566.4 m
Nearby Private Schools
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Includes school names, grades, distance, and available Fraser ranking context.

Nearby Points of Interest

Grocery / Food Access
Hannam Supermarket
About 194 m away
5609 Imperial Street
Ribbon
About 351.3 m away
5593 Kingsway, Burnaby
Shopping Centres
Burlington Square
About 562.1 m away
5172 Kingsway, Burnaby
Royal Oak Plaza
About 807.7 m away
Parks / Green Space
BC Parkway
About 392.4 m away
Lewarne Park
About 611.6 m away
Rapid Transit Stations
ROYAL OAK STATION
About 291.6 m away

Price History

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View price changes, listing events, and the full timeline.

BC Assessment

Click the button below to check the government assessment, sales history, and nearby market pricing for this property.
BC Assessment Sales History & Nearby Sales

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Last Updated: Mon, 04 May 2026 11:58:00 AM PDT

Data Provider: Greater Vancouver REALTORS®

Listing Office: eXp Realty

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