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SL 1-46 4951 SANDERS Street in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South) : MLS®# C8062687

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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)
Name of Complex/Subdivision:
# Other Units:
# 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
Roof:
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
No
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
  • 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 18, 2025 at 04:35 AM (UTC)
Jean Seguin
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