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5017 Pioneer Avenue
Forest Glen BS Burnaby V5G 3J5

$2,600,000
Land Commercial, Multi-Family Commercial

Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8083385
Build. Type:
Freestanding
Land Assembly! Area ready for redevelopment! 4965 and 5017 Pioneer Avenue can be sold in conjunction with 4949 Pioneer Avenue. 3 lots totalling 23,424 sqft can be sold as a package. The draft Burnaby OCP 2050 designates 6 story apartments for this assembly. Each lot currently zoned for a 6 unit Multiplex.(Potentially 18 units with City approval)Prime South Burnaby location close to Metrotown, BCIT, Highway 1, City Hall,2 Schools and Brentwood. The subject site with three very livable houses strategically located half a block from Willingdon Avenue, an artery running throughout Burnaby providing direct access to Highway 1, Lougheed Hwy and Kingsway. A great opportunity with a terrific upside! Double exposure on residential MLS.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Land Commercial, Multi-Family Commercial
Construction:
Frame Wood
Building Type:
Freestanding
Year built:
1958 (Age: 68)
Living Area:
2,402 sq. ft.
Subject Property Depth:
122'
Subject Property Width:
64'
Lot Area:
7,808 sq. ft.
Acres Freehold:
0 sq. ft.
Zoning:
Potential to Redevelop:
Draft Burnaby OCP indicates lowrise 6 story apartments, No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Road Surface:
Paved
Heating:
Cooling:
Forced Air
Electricity:
Yes
Services Connected:
Electricity Connected, Garbage Collection, Natural Gas Connected, Street Lighting
Sewer:
Public Sewer, Sanitary Sewer, Storm Sewer
Parcel Number:
800179713
Taxes:
$6,600.97 / 2024
No
No
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
Draft Burnaby OCP indicates lowrise 6 story apartments, No
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
Listed by Sutton Group-West Coast Realty
Data was last updated November 4, 2026 at 11:40 PM (UTC)
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