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SL 1-46 4951 Sanders Street in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South) : MLS®# C8071997

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

Map / location with property parcel outlined
$58,000,000
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8071997
Status:
Active
Build. Type:
Low Rise (2-4 storeys)
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
Ownership:
Freehold
Property Type:
Land Commercial, Multi-Family Commercial
Construction:
Frame Wood, Mixed
Building Type:
Low Rise (2-4 storeys)
# Units Total:
46
# Other Units:
46
# of Apartments:
46
# of 2 Bedroom Apartments:
46
Living Area:
Switch units of measure1.98 acre(s)
Subject Property Depth:
Switch units of measure139'½"
Subject Property Width:
Switch units of measure394'7"
Lot Area:
Switch units of measure1.26 acre(s)
Acres Freehold:
Switch units of measure0 sq. ft.
Zoning:
Potential to Redevelop:
Metrotown Pla, RM5, total maximum of 5.9 FSR, No
Fencing:
Parking:
Secured, Guest
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Services Connected:
Fully Serviced
Sewer:
Public Sewer
Parcel Number:
016920201
Taxes:
$95,396.57 / 2025
Boardroom, Elevator Passenger, Fitness Facilities
No
Security System, Building Security, Secured Garage/Parking
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
Metrotown Pla, RM5, total maximum of 5.9 FSR, 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 RE/MAX Real Estate Services and RE/MAX Crest Realty
Data was last updated January 28, 2026 at 03:35 AM (UTC)
RAYMOND LEUNG
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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.
Copyright 2026 by the Greater Vancouver REALTORS®, Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.

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Reciprocity Logo 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.