SL 1-46 4951 SANDERS STREET

Burnaby, British Columbia · Neighbourhood: Forglen
C$58,000,000

Local Decision Guide

How should buyers evaluate SL 1-46 4951 SANDERS STREET?

Start by reading this listing in its Burnaby Forglen 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.

For sale
SL 1-46 4951 SANDERS STREET

Remarks

This exceptional 46-unit 2 BR stratified building with underground parking sits on a ±1.26-acre corner site, primed for redevelopment with stunning, unobstructed mountain views. Located at Sanders & Nelson Street, it is adjacent to Marlborough Park West and just minutes from BC's largest mall, Metrotown, with 450+ stores and services. Steps from Metrotown Skytrain Station on the Expo Line, connecting Vancouver to Surrey and beyond. This site is designated RM-5 under the Metrotown Downtown Plan, allowing high-density residential buildings with ground-oriented units up to 5.9 FSR. Featuring approx. 395 ft frontage & 140 ft depth, it offers significant development potential. An ideal income-generating property while planning its future multifamily development. Don't miss this rare chance to develop in Burnaby's urban core. Inquire today for full details. (id:56153)

Property Details

Vacant Land
Building Type
-
Bedrooms
-
Bathrooms
54,820 sf
Lot Area
86,250 sqft
Interior Size
C$672
Price per Sqft

Transaction: For sale

Total Size: 54820 sqft

Status: active

Listing ID: 28833288 (28833288)

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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$58,000,000

Interior Size: 86250 sqft

Lot Area: 54,820 sf

Days on Site: 90 days

Added to BurnabyHouse: 2026-03-06

Updated on: 2026-03-06 11:16 PM PST

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Lot info

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

Schools

Ecole Marlborough Elementary ELEMENTARY
Burnaby, BC
Straight-line distance about 177.3 m
Burnaby Central Secondary SECONDARY
Public · School District 41
6011 Deer Lake Parkway, Burnaby, BC
Straight-line distance about 2.1 km
Nearby Private Schools
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Includes school names, grades, distance, and available Fraser ranking context.

Nearby Points of Interest

Grocery / Food Access
Boemma Euro Foods & Deli
About 498.4 m away
5172 Kingsway, Burnaby
Wholesale Club
About 566.5 m away
5335 Kingsway
Shopping Centres
Burlington Square
About 458.8 m away
5172 Kingsway, Burnaby
Metropolis at Metrotown
About 481.5 m away
4700 Kingsway, Burnaby
Parks / Green Space
Lobley Park
About 404.4 m away
Bonsor Park
About 571.1 m away
Rapid Transit Stations
METROTOWN STATION
About 816.9 m away

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Last Updated: 2025-09-11 22:03:45

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