1 1362 PHILLIPS AVENUE

Burnaby, British Columbia · Neighbourhood: Simon Fraser University
C$1,898,000

Local Decision Guide

How should buyers evaluate 1 1362 PHILLIPS AVENUE?

Start by reading this listing in its Burnaby Simon Fraser University 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
1 1362 PHILLIPS AVENUE

Remarks

The HEIRLOOM features a private front yard that leads to a beautiful 3-storey home with the view of the Burnaby skyline. The main floor of this home features a single car garage with EV charging, a nanny or mother-in-law one-bedroom suite with 9-foot ceilings. The second floor boasts an open-concept great room with 10-foot ceilings with beautiful finishes and plenty of storage -- an ideal space for hanging out with family and friends. The top floor has three generous bedrooms and 2 full baths and a deck. Expected completion the fall of 2017 or the spring of 2028. (id:56153)

Property Details

Fourplex
Building Type
4
Bedrooms
4
Bathrooms
2028
Year Built
0 years
Age
8
Days on Site
2,632 sqft
Interior Size
C$721
Price per Sqft

Transaction: For sale

Status: active

Listing ID: 29820852 (R3129366)

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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$1,898,000

PID: 002-856-611

Days on Site: 8 days

Added to BurnabyHouse: 2026-05-28

Updated on: 2026-05-29 06:02 PM PDT

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Lot info

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

Schools

Lochdale Community ELEMENTARY
Burnaby, BC
Straight-line distance about 1.1 km
Burnaby North Secondary SECONDARY
Public · School District 41
751 Hammarskjold Dr, 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
Sungiven Foods
About 223.7 m away
Safeway
About 1.8 km away
6564 Hastings Street
Shopping Centres
Kensington Square Shopping Centre
About 1.8 km away
6500 Hastings Street
Park Crest Mall
About 2.5 km away
Parks / Green Space
Duthie-Union Park
About 645 m away
Squint Lake Park
About 750.6 m away

Price History

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BC Assessment

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BC Assessment Sales History & Nearby Sales

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Last Updated: Fri, 29 May 2026 04:58:16 PM PDT

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Listing Office: Macdonald Realty

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