5395 GEORGIA STREET

Burnaby, British Columbia · Neighbourhood: Capitol Hill
C$2,498,888

Local Decision Guide

How should buyers evaluate 5395 GEORGIA STREET?

Start by reading this listing in its Burnaby Capitol Hill 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
5395 GEORGIA STREET

Remarks

Opportunity knock! This property offers far more than just a place to live. Set on an 8,052 sq. ft. corner lot with stunning South views. It´s zoned R1 Small-Scale Multi-Unit Housing and sits within a Frequent Transit Network Area, allowing up to six homes on one lot. That means you could live in one, rent the others, create space for extended family, or renovate the current home while benefiting from exceptional long-term land value. Extremely desirable for future development this corner lot with lane and a relatively flat provides better light, access, and design flexibility-making this a smart lifestyle purchase with built-in upside. Steps to Shops and transit. The house has 8 bedrooms and provides great cashflow while getting your permits in order. Don't miss out, call for more information. (id:56153)

Property Details

House
Building Type
8
Bedrooms
4
Bathrooms
1963
Year Built
63 years
Age
91
Days on Site
8,052 sf
Lot Area
2,414 sqft
Interior Size
C$1,035
Price per Sqft

Transaction: For sale

Total Size: 8052 sqft

Lot Frontage: 66 ft

Status: active

Listing ID: 29287742 (29287742)

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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$2,498,888

Interior Size: 2414 sqft

Lot Area: 8,052 sf

Lot Frontage: 66 ft

Days on Site: 91 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

Capitol Hill Elementary ELEMENTARY
Public · School District 41
350S Holdom Ave, Burnaby, BC
Straight-line distance about 462.2 m
Burnaby North Secondary SECONDARY
Public · School District 41
751 Hammarskjold Dr, Burnaby, BC
Straight-line distance about 875.1 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
No Frills
About 729 m away
4762 Hastings Street, Burnaby
Parkgate Farm Market
About 1.2 km away
6530 Hastings Street
Shopping Centres
Kensington Square Shopping Centre
About 1.3 km away
6500 Hastings Street
Brentwood Town Centre
About 1.6 km away
Parks / Green Space
Dynes Park
About 295.9 m away
Beecher Park
About 552.9 m away
Burnaby

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Last Updated: 2026-02-16 18:40:52

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