OLD HOUSE. BIG OPPORTUNITY. Builders, investors & visionaries, this Montecito property is all about what comes next. R1 zoning, rear lane access & exciting redevelopment potential make this a compelling opportunity in an area already seeing transformation. The existing home also offers solid holding potential, with the roof replaced in 2025 & the HWT and furnace updated in 2023. Located close to Sperling Elementary, Burnaby North Secondary, Sperling Burnaby Lake SkyTrain, Burnaby Mountain Golf Course, SFU & BCIT, with quick access to Lougheed Highway & Highway 1. Whether you’re planning your next build, a long term investment or a passion project, this property is full of possibilities. Buyer to verify development potential, measurements & requirements with the City of Burnaby.
Paved off-street parking area featuring a covered gazebo, retaining wall, and wood-panel fencing
Asphalt-paved off-street parking area with retaining wall boundaries and elevated deck structure
Aerial view of property featuring a multi-pitched composition shingle roof, a paved concrete driveway, a wooden deck, and a fenced yard with mature landscaping
Real Estate Marketing Flyer. Summarizing technical specifications and zoning information for the property
Data was last updated October 21, 2026 at 09:40 PM (UTC)
Area Statistics
Listings on market:
32
Avg list price:
$1,665,340
Min list price:
$625,000
Max list price:
$4,500,000
Avg days on market:
50
Min days on market:
8
Max days on market:
237
Avg price per sq.ft.:
$711.67
These statistics are generated based on the current listing's property type
and located in
Montecito. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.