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4949 Pioneer Avenue
Forest Glen BS Burnaby V5G 3J5

$2,900,000
Land Commercial, Multi-Family Commercial

Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8070754
Build. Type:
Freestanding
Land Assembly! Area ready for redevelopment! 3 lots, 4965,4949 and 5017 Pioneer Avenue totalling 23,424 sq ft sold as a package in conjunction with one another.The draft Burnaby OCP 2050 designates 6 story apartments for this assembly. Each lot currently is zoned for a 6 unit Multiplex. (potentially 18 units in total) Prime South Burnaby location close to Metrotown,BCIT,Highway 1, City Hall, 2 schools and Brentwood. The subject site with three very livable houses strategically located half a block from Willingdon Avenue, an artery running throughout Burnaby providing direct access to Highway 1,Lougheed Hwy and Kingsway.A great opportunity with a terrific upside!
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Land Commercial, Multi-Family Commercial
Construction:
Frame Wood
Building Type:
Freestanding
Year built:
1959 (Age: 66)
Living Area:
2,092 sq. ft.
Subject Property Depth:
122'
Subject Property Width:
64'
Lot Area:
7,808 sq. ft.
Acres Freehold:
0 sq. ft.
Zoning:
Potential to Redevelop:
DRAFT BURNABY OCP 2050 INDICATES LOW RISE 6 STORY APARTMENTS, No
Fencing:
Parking:
Secured, Guest
# Of Parking Spaces - Total:
Road Frontage:
Road Surface:
Paved
Heating:
Cooling:
Forced Air
Electricity:
Yes
Services Connected:
Electricity Connected, Garbage Collection, Natural Gas Connected, Street Lighting
Sewer:
Public Sewer, Sanitary Sewer, Storm Sewer
Parcel Number:
800179712
Taxes:
$6,584.23 / 2024
Balconies
No
Secured Garage/Parking
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
DRAFT BURNABY OCP 2050 INDICATES LOW RISE 6 STORY APARTMENTS, No
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
Listed by Sutton Group-West Coast Realty
Data was last updated July 16, 2025 at 05:35 PM (UTC)
MICHAEL LIU PREC* - TEAM MICHAEL LIU