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

$58,000,000
Commercial Land

Main Photo: SL 1-46 4951 Sanders Street in Burnaby: Forest Glen BS Commercial Land for sale (Burnaby South)  : MLS®# C8062687
Photo 1: SL 1-46 4951 Sanders Street in Burnaby: Forest Glen BS Commercial Land for sale (Burnaby South)  : MLS®# C8062687
Photo 2: SL 1-46 4951 Sanders Street in Burnaby: Forest Glen BS Commercial Land for sale (Burnaby South)  : MLS®# C8062687
Status:
Active
Prop. Type:
Commercial Land
MLS® Num:
C8062687
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
Property Type:
Commercial Land
Construction:
Frame Wood, Mixed
Building Type:
Low Rise (2-4 storeys)
# Other Units:
46
# of 2 Bedroom Apartments:
46
Year built:
1991 (Age: 34)
Living Area:
1.98 acre(s)
Subject Property Depth:
139'½"
Subject Property Width:
394'7"
Title to Land:
Freehold
Lot Area:
1.26 acre(s)
Acres Freehold:
0 sq. ft.
Potential to Redevelop:
Metrotown Pla, RM5, total maximum of 5.9 FSR, No
Parking:
Secured, Guest
Electricity:
No
Services Connected:
Fully Serviced
Sewer:
Public Sewer
Parcel Number:
016920201
Taxes:
$87,187.41 / 2024
Boardroom, Elevator Passenger, Fitness Facilities
No
Security System, Building Security, Secured Garage/Parking
0.5% OF SALE PRICE
Water Supply:
Public
Water Rights:
No
Potential to Redevelop:
Metrotown Pla, RM5, total maximum of 5.9 FSR, No
Env Assmt Phase:
No
  • Photo 1: SL 1-46 4951 Sanders Street in Burnaby: Forest Glen BS Commercial Land for sale (Burnaby South)  : MLS®# C8062687
    Photo 1 of 2
  • Photo 2: SL 1-46 4951 Sanders Street in Burnaby: Forest Glen BS Commercial Land for sale (Burnaby South)  : MLS®# C8062687
    Photo 2 of 2
Listed by RE/MAX Real Estate Services and RE/MAX Westcoast
Data was last updated April 3, 2025 at 04:10 AM (UTC)