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SL 1-46 4951 SANDERS Street
Forest Glen BS Burnaby V5H 1S8

$58,000,000
Land Commercial, Multi-Family Commercial

Main Photo: SL 1-46 4951 SANDERS Street in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South) : MLS®# C8062687
Photo 1: SL 1-46 4951 SANDERS Street in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South) : MLS®# C8062687
Photo 2: SL 1-46 4951 SANDERS Street in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South) : MLS®# C8062687
Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8062687
Build. Type:
Low Rise (2-4 stories)
This exceptional 46-unit 2 BR stratified building with underground parking sits on a ±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.
Sale Type:
Asset
Construction:
Wood Frame, Mixed
Building Type:
Low Rise (2-4 stories)
# Other Units:
46
# of 2 Bedroom Apartments:
46
Year built:
1991 (Age: 34)
Total Floor Area:
1.98 acre(s)
Lot Area:
1.26 acre(s)
Acres Freehold:
0 sq. ft.
Lot Depth:
139.04
Lot Frontage:
394'7"
Land Use/Zoning:
CM RM3
Permitted Use:
Multifamily (5+)
Taxes:
$87,187.41 / 2024
Alarm System, Boardroom, Elevator Passenger, Fitness Facilities, Secured Building, Secured Parking, Visitor Parking, Other
Services Connected:
Fully Serviced
Water Supply:
Municipal
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
No
Original Price:
$58,000,000
  • Photo 1: SL 1-46 4951 SANDERS Street in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South) : MLS®# C8062687
    Photo 1 of 2
  • Photo 2: SL 1-46 4951 SANDERS Street in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South) : MLS®# C8062687
    Photo 2 of 2
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Listed by RE/MAX Real Estate Services and RE/MAX Westcoast
Data was last updated January 15, 2025 at 01:10 AM (UTC)
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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