4729 CANADA WAY

Burnaby, British Columbia · Neighbourhood: Central Burnaby
C$1,899,000

Local Decision Guide

How should buyers evaluate 4729 CANADA WAY?

Start by reading this listing in its Burnaby Central Burnaby 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
4729 CANADA WAY

Remarks

Prime development opportunity in Burnaby´s sought-after Frequent Transit Network Area (FTNA). Zoned R1, allowing up to 6 units under the R1 SSMUH bylaw with no planning approval required. OCP (Dec 9, 2025) designates R2 - Townhouse (up to 4 storeys), offering strong future rezoning potential supported by Council. Buyer to verify with the City and complete their own due diligence. Gorgeous, tastefully renovated home featuring modern finishes, bright open living spaces, and meticulous upkeep-ideal to live in or hold for rental income. Close to Burnaby Hospital, BCIT, Parks, schools transit and all amenities. (id:56153)

Property Details

House
Building Type
4
Bedrooms
3
Bathrooms
1978
Year Built
48 years
Age
92
Days on Site
8,100 sf
Lot Area
2,994 sqft
Interior Size
C$634
Price per Sqft

Transaction: For sale

Total Size: 8100 sqft

Lot Frontage: 50 ft

Status: active

Listing ID: 29379673 (29379673)

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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$1,899,000

Interior Size: 2994 sqft

Lot Area: 8,100 sf

Lot Frontage: 50 ft

Days on Site: 92 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

Douglas Road Elementary ELEMENTARY
Public · School District 41
4861 Canada Way, Burnaby, BC
Straight-line distance about 558.6 m
Burnaby Central Secondary SECONDARY
Public · School District 41
6011 Deer Lake Parkway, Burnaby, BC
Straight-line distance about 1.3 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
Buy Low Foods
About 1.7 km away
Whole Foods Market
About 2 km away
4420 Lougheed Highway, Burnaby
Shopping Centres
Canada Way Business Park
About 735 m away
Still Creek Business Park
About 1.1 km away
Parks / Green Space
Harwood Park
About 137.9 m away
Greentree Village Park
About 991.8 m away

Sold Area Stats

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Includes sold count, median sold price, and median days on market.

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Last Updated: 2026-02-20 19:31:46

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