4505 MARINE DRIVE
Burnaby, BC V5J3G1
$1,950,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 13,532.71 square feet
- Frontage
- 66.4 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $6,310.79 (2025)
Interior
- Basement
- Partial, Unknown, Unknown
- Heating
- Forced air, Natural gas
- Fireplace
- None
Parking
- Total spaces
- 5 — covered indicated
- Features
- Carport
Listing Information
- MLS®
- R3092640
- Listed
- February 23, 2026
- Time on market
- On the market for 189 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Sutton Centre Realty · Data source: CREA DDF.
Description
BUILDERS AND INVESTORS!! This is a tremendous opportunity for a 13,532 square foot development site on the high side of Marine Drive in Burnaby. Provincial and municipal densification changes have reduced efforts and costs to developers to increase the housing supply in the lower mainland which includes this unique property. The new R1 designation will allow your client to build anywhere up to 12 dwelling units on this property if subdivided, or up to 6 dwelling units as is, or anywhere in between if your client wishes to build for themselves with the bonus of added rental revenue from additional units! There is also the potential for a land assembly of additional properties for serious inquiries, and, the City of Burnaby has allowed for a delayed payment process for DCC´s and CAC´s. (id:63159)
Values & Trends
This listing
$1,538/sqft
Building average
—
No other active listings in this building
Burnaby average
$825/sqft
466 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Detached (House) Market Stats — Burnaby
Monthly figures from the Fraser Valley Real Estate Board for Burnaby detached (house)listings — not specific to this property.
MLS® HPI Benchmark Price
$1,863,900
Jul 2026
Average Sale Price
$1,987,969
Jul 2026
Monthly Sales
49
Jul 2026
Active Listings
463
Jul 2026
Sales-to-Active Ratio
11.0%
Jul 2026
Median Days to Contract
37 days
Jul 2026
MLS® HPI Benchmark Price
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
Nearest station: Vancouver
15°C
Clear
Humidity 100%
Wind NW 5 km/h
Tonight
14°
Tuesday
20°
Tuesday night
15°
Wednesday
19°
Wednesday night
14°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
249,125
(2021 Census)
+7% since 2016
Density: 2,750.6/km²
Dwellings: 107,046
Median household income: $83,000
After-tax: $73,500
Immigrant population: 50.4%
Top countries of origin (% of total population)
- China12.4% · 30,860
- Philippines4.5% · 11,235
- Hong Kong4.4% · 11,010
- Taiwan3.1% · 7,750
- India3% · 7,540
- Korea, South2.6% · 6,380
- Viet Nam1.4% · 3,380
- Iran1.3% · 3,210
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
15
3/9 categories nearby
Transit
33
5 stop(s) within 800m
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| South Slope Elementary | Elementary | 801 m |
| Nelson Elementary | Elementary | 908 m |
| Suncrest Elementary | Elementary | 1.3 km |
| Burnaby Youth Hub Secondary Program | Elementary | 1.5 km |
| Burnaby South Secondary | Secondary | 1.6 km |
| Maywood Community Elementary | Elementary | 1.6 km |
| Glenwood Elementary | Elementary | 1.8 km |
| Clinton Elementary | Elementary | 1.8 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
| Stop | Type | Distance |
|---|---|---|
| Westbound Marine Dr @ Sussex Ave | — | 195 m |
| Eastbound Marine Dr @ Strathearn Ave | — | 195 m |
| Eastbound Marine Dr @ Sussex Ave | — | 208 m |
| Westbound Marine Dr @ Nelson Ave | — | 316 m |
| Westbound Portland St @ Sussex Ave | — | 421 m |
Nearby Places
Cafes (1)
- Tim Hortons · 8607 Glenlyon Parkway671 m
Grocery (1)
- Choice's Markets · 8620 Glenlyon Parkway532 m
Parks (5+)
- Riverway Sports Complex · 8605 Nelson Avenue277 m
- Riverway West Park · 4390 Carson Street314 m
- Gray Creek Ravine Park417 m
- McKay Park628 m
- Froggers Creek Ravine Park726 m
Nearby places data: © OpenStreetMap contributors.
School district: Burnaby (SD41)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($390,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.