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Data last updated: Thursday, September 11, 2025 at 3:16 p.m.

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About This Property

This exceptional 46-unit 2 BR stratified building with underground parking sits on a Â±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:65271)

Listed at

$58,000,000

MLS® C8071997

Bedrooms0

Bathrooms0

Sqft86,250

Last UpdatedSep 11, 2025

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Alex Mackenzie

Royal LePage Sussex

604-356-7554

Mortgage Intelligence

Live Rates

Market Value

$58,000,000

Capital Contribution

20%

$11,600,000

Interest Rate

Amortization

Estimated Monthly

$266,942

Principal

Interest

Alex's Insight

"At 4.84%, focus on the 25yr term to maximize early equity growth."

* Estimates only. Subject to credit approval and insurance rules.

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SL 1-46 4951 SANDERS STREET, Burnaby

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