Map / location with property parcel outlined

$58,000,000

SL 1-46 - 4951 Sanders Street, Burnaby, BC V5H 1S8

MLS® C8071997

Description

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.

Property

Property type

Land

Structure

Low Rise (2-4 storeys)

Ownership

Freehold

Systems

Security

Security System, Building Security, Secured Garage/Parking

Lot and parking

Lot size

54,885.6 sq ft

Parking

Secured, Guest

Costs

Annual property tax

$95,397

Tax year

2,025

Location

Area

Burnaby South

Neighbourhood

Forest Glen BS

Waterfront

No