Prime Burnaby redevelopment opportunity on a rare 88 ft x 120 ft (10,560 sq ft) lot. Positioned on Canada Way, this property is zoned R1 SSMUH, allowing up to 6 units. A great prospect for builders and investors seeking scale and upside. Surrounded by key amenities, including steps away from transit, schools, major routes, and Deer Lake Park. Currently tenanted, providing reliable cash flow while you plan your project. A wide frontage parcel in a high-demand corridor with strong future potential. Secure your next high-value build site.
Address
5407 Canada Way
List Price
$1,575,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Transaction Type
Sale
Area
Burnaby South
Sub-Area
Deer Lake
Bedrooms
9
Bathrooms
4
Half Bathrooms
1
Floor Area
3,124 Sq. Ft.
Main Floor Area
1255
Lot Size
10560 Sq. Ft.
Lot Size Dimensions
88 x 120
Lot Size (Acres)
0.24 Ac.
Lot Features
Central Location, Recreation Nearby
Lot Size Units
Square Feet
Total Building Area
3124
Frontage Length
88
Year Built
1969
MLS® Number
R3110691
Listing Brokerage
Macdonald Realty
Basement Area
Finished, Exterior Entry
Postal Code
V5E 3N5
Zoning
R1
Ownership
Freehold NonStrata
Parking
Additional Parking, Open, Front Access
Parking Places (Total)
4
Tax Amount
$5,580.43
Tax Year
2025
Site Influences
Central Location, Recreation Nearby, Shopping Nearby
Community Features
Shopping Nearby
Appliances
Washer/Dryer, Stove
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Baseboard, Forced Air, Mixed
Fireplace
Yes
Fireplace Features
Gas, Wood Burning
Number of Fireplaces
2
Levels
Two
Number Of Floors In Property
2
Window Features
Window Coverings