$2,999,000

5507 Dorset Street, Burnaby, BC V5J 1L6

MLS® R2997235

Description

Exceptional development opportunity: 6,732 SF south-facing corner site in Burnaby’s Royal Oak Urban Village, one block from SkyTrain. Designated for *Medium Density Mixed-Use*, this site supports a mid-rise project featuring ground-floor retail and five levels of residential. Estimated buildable area of 25,000–28,000 SF allows for 22–28 units (1BR, 2BR, and 3BR mix) plus 2,000–2,500 SF of prime commercial space and underground parking. Ideal for developers seeking a high-exposure, transit-oriented project in a rapidly evolving hub. *Note: All images are artist renderings for conceptual purposes only. Final design and density subject to municipal approval. Buyer/Agent to independently verify all zoning and development specifications.*

Property

Property type

Land

Structure

Land Only

Ownership

Freehold NonStrata

Lot and parking

Lot size

6,561 sq ft

Lot dimensions

64.12 x 101.46

Lot features

Central Location, Lane Access, Private, Recreation Nearby

Road surface

Paved

Strata and restrictions

Strata fee

No

Age restriction

No

Costs

Annual property tax

$5,216

Tax year

2,024

Land lease

No

Location

Area

Burnaby South

Neighbourhood

Metrotown

Waterfront

No

Community features

Near Shopping