Commercial Land for sale
Sl 1-46 4951 Sanders Street, Forest Glen BS, Burnaby
$58,000,000
$58,000,000
Commercial Land for sale
Sl 1-46 4951 Sanders Street, Forest Glen BS, Burnaby
Features
Year Built
1991
Lot Size
54,821 sqft
Gross Property Tax
$87,187.41 /year
Building Type
Low Rise (2-4 storeys)
Zoning
CM RM3
Subject Property Width
394.56 ft
Subject Property Depth
139.04 ft
Amenities
Alarm System, Boardroom, Elevator Passenger, Fitness Facilities, Secured Building, Secured Parking, Visitor Parking, Other
Permitted Land Use
Multifamily (5+)
Water Supply
Municipal
Sewer/Septic
Municipal/Community
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 C8062687