YOUR NEXT BEST INVESTMENT! This rarely available parcel is located in Buckingham Heights — the most sought-after neighbourhood in Burnaby. This rancher with basement home sits on an expansive 11,090 sq.ft. lot with 75 feet of frontage, zoned Small-Scale Multi-Unit Housing for exceptional development potential — subdivide into TWO single-famly homes, build up to 8 units, construct your dream home, or add a secondary suite to the unfinished basement. Always verify zoning and development potential with the city. Enjoy an unbeatable location minutes to Deer Lake Beach, Royal Oak Skytrain Station, Metrotown, Brentwood Mall, and Burnaby Hospital. This is more than a property — it's a once-in-a-generation opportunity in one of Burnaby's most exclusive, established enclaves. Don't wait.
Address
5987 Malvern Avenue
List Price
$2,699,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Rancher/Bungalow w/Bsmt.
Structure Type
Residential Detached
Transaction Type
Sale
Area
Burnaby South
Sub-Area
Upper Deer Lake
Bedrooms
4
Bathrooms
2
Floor Area
1,446 Sq. Ft.
Main Floor Area
1299
Lot Size
11090 Sq. Ft.
Lot Size Dimensions
75 x
Lot Size (Acres)
0.25 Ac.
Lot Features
Central Location, Recreation Nearby
Lot Size Units
Square Feet
Total Building Area
2598
Frontage Length
75
Year Built
1957
MLS® Number
R3148541
Listing Brokerage
Real Broker B.C. Ltd.
Basement Area
Unfinished
Postal Code
V5E 3E7
Zoning
R1
Ownership
Freehold NonStrata
Parking
Additional Parking, Garage Single, Front Access
Parking Places (Total)
4
Tax Amount
$7,555.37
Tax Year
2025
Site Influences
Central Location, Private Yard, Recreation Nearby, Shopping Nearby
Community Features
Shopping Nearby
Exterior Features
Private Yard
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Electric
Fireplace
Yes
Fireplace Features
Electric
Number of Fireplaces
1
Garage
Yes
Garage Spaces
1
Number Of Floors In Property
2
Window Features
Window Coverings
View Type
CITY & MOUNTAIN