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Daniel Yu Personal Real Estate Corporation
Agent
604-671-0700
604-671-0700

Daniel Yu Personal Real Estate Corporation

Over $11 million in sales volume the first year into the business of Real Estate in the Greater Vancouver.

Ultimate goal is to help clients identify their unique & specific needs while helping them accomplish their goals with the best representation.

Unique concept of a "team" where each step of a transaction for my clients are taken care by a professional from renovation, sales & marketing, legal services, to mortgage arrangement - creating a true full-service.

Specialize in assisting families in up-sizing or downsizing (selling their current home and purchasing their new home) with carefully structured financing & time arrangement.

Specialize in selling/buying aged detached investment properties for hold-to-grow or development of a single-detached home with careful financial investment analysis in today's market.

Strive to conduct business in utmost integrity & professionalism.

"Helping You Move Forward"

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

$58,000,000
Land Commercial, Multi-Family Commercial

Map / location with property parcel outlined
Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8071997
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
Ownership:
Freehold
Property Type:
Land Commercial, Multi-Family Commercial
Construction:
Frame Wood, Mixed
Building Type:
Low Rise (2-4 storeys)
# Units Total:
46
# Other Units:
46
# of Apartments:
46
# of 2 Bedroom Apartments:
46
Living Area:
1.98 acre(s)
Subject Property Depth:
139'½"
Subject Property Width:
394'7"
Lot Area:
1.26 acre(s)
Acres Freehold:
0 sq. ft.
Zoning:
CM RM3
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:
$95,396.57 / 2025
Boardroom, Elevator Passenger, Fitness Facilities
No
Security System, Building Security, Secured Garage/Parking
None Known
Water Supply:
Public
Water Rights:
No
Potential to Redevelop:
Metrotown Pla, RM5, total maximum of 5.9 FSR, No
Env Assmt Phase:
No
Original Price:
$58,000,000
  • Photo 1: SL 1-46 4951 Sanders Street in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South)  : MLS®# C8071997
    Map / location with property parcel outlined
Listed by RE/MAX Real Estate Services and RE/MAX Crest Realty
Data was last updated December 19, 2025 at 07:40 AM (UTC)
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