Commercial Land for sale
SL 1-46 4951 Sanders Street, Forest Glen BS, Burnaby
$58,000,000
Features
Lot Size
54,886 sqft
Gross Property Tax
$95,396.57 /year
Building Type
Low Rise (2-4 storeys)
Zoning
CM RM3
Subject Property Width
394.56 ft
Subject Property Depth
139.04 ft
Parking Features
Secured, Guest
Amenities
Boardroom, Elevator Passenger, Fitness Facilities, Security System, Building Security, Secured Garage/Parking
Bylaws Restriction
None Known
Water Supply
Public
Sewer/Septic
Public Sewer
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.
MLS® Number C8071997