5507 DORSET STREET
Burnaby, BC V5J1L6
$2,999,000
Property Details
Property & Lot
- Lot size
- 6,561 square feet
- Frontage
- 64 feet
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $5,216.22 (2024)
Interior
- Fireplace
- None
Listing Information
- MLS®
- R2997235
- Listed
- May 2, 2025
- Time on market
- On the market for 487 days
- Tax assessment year
- 2024
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty · Data source: CREA DDF.
Description
Exceptional development opportunity: 6,732 SF south-facing corner site in Burnaby´s Royal Oak Urban Village, one block from SkyTrain. Designated for *Medium Density Mixed-Use*, this site supports a mid-rise project featuring ground-floor retail and five levels of residential. Estimated buildable area of 25,000-28,000 SF allows for 22-28 units (1BR, 2BR, and 3BR mix) plus 2,000-2,500 SF of prime commercial space and underground parking. Ideal for developers seeking a high-exposure, transit-oriented project in a rapidly evolving hub. *Note: All images are artist renderings for conceptual purposes only. Final design and density subject to municipal approval. Buyer/Agent to independently verify all zoning and development specifications.* (id:63159)
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Burnaby average
$1,141/sqft
9 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.
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
56
7/9 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 |
|---|---|---|
| Burnaby South Secondary | Secondary | 503 m |
| Windsor Elementary | Elementary | 797 m |
| Burnaby Youth Hub Secondary Program | Elementary | 879 m |
| Nelson Elementary | Elementary | 977 m |
| Clinton Elementary | Elementary | 1.0 km |
| École Marlborough Elementary | Elementary | 1.1 km |
| Maywood Community Elementary | Elementary | 1.1 km |
| St. Francis de Sales(Independent) | Elementary | 1.3 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 |
|---|---|---|
| Northbound Antrim Ave @ Victory St | — | 241 m |
| Eastbound Kingsway @ Grimmer St | — | 267 m |
| Westbound Kingsway @ Macpherson Ave | — | 278 m |
| Westbound Beresford St @ Royal Oak Ave | — | 283 m |
| Royal Oak Station @ Platform 1 | — | 291 m |
Nearby Places
Restaurants (5+)
- White Spot · 5550 Kingsway216 m
- 88 Town · 5640 Kingsway251 m
- Something Sweet · 6888 Royal Oak Avenue275 m
- GAON Korean Cuisine · 5599 Kingsway290 m
- Liuyishou Hotpot · 5507 Kingsway292 m
Cafes (5+)
- La Forêt · 6958 Palm Avenue164 m
- Ki Tea House Cafe · 6888 Royal Oak Avenue274 m
- D² Tea Lab · 6868 Royal Oak Avenue285 m
- Sugar Lab · 5376 Grimmer Street290 m
- Sweet Puffin · 5252 Imperial Street291 m
Grocery (5+)
- Hannam Supermarket · 5609 Imperial Street194 m
- Ribbon · 5593 Kingsway351 m
- Wholesale Club · 5335 Kingsway491 m
- Boemma Euro Foods & Deli · 5172 Kingsway522 m
- Smart N Save Grocery & Cafe · 7600 Royal Oak Avenue744 m
Parks (5+)
- BC Parkway393 m
- Lewarne Park612 m
- Lewarne Park658 m
- Lobley Park688 m
- Unnamed756 m
Gyms (3)
- Fitness World · 5500 Kingsway238 m
- Playground328 m
- Uplift Fitness · 7542 Royal Oak Avenue679 m
Pharmacies (2)
- Imperial Remedy's Rx Pharmacy · 5262 Imperial Street257 m
- South Slope Pharmacy · 5203 Rumble Street716 m
Banks & ATMs (2)
- Vancity · 5064 Kingsway691 m
- RBC787 m
Nearby places data: © OpenStreetMap contributors.
School district: Burnaby (SD41)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($599,800) — 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.