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5017 Pioneer Avenue
Forest Glen BS Burnaby V5G 3J5

$2,900,000
Land Commercial, Multi-Family Commercial

View of front facade with a shingled roof and a chimney
Photo 1: 5017 Pioneer Avenue in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South)  : MLS®# C8070756
Photo 2: 5017 Pioneer Avenue in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South)  : MLS®# C8070756
Photo 3: 5017 Pioneer Avenue in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South)  : MLS®# C8070756
Photo 4: 5017 Pioneer Avenue in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South)  : MLS®# C8070756
Photo 5: 5017 Pioneer Avenue in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South)  : MLS®# C8070756
Photo 6: 5017 Pioneer Avenue in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South)  : MLS®# C8070756
Photo 7: 5017 Pioneer Avenue in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South)  : MLS®# C8070756
Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8070756
Build. Type:
Freestanding
Land Assembly! Area ready for redevelopment!3 lots, 4965,4949 and 5017 Pioneer Avenue totalling 23,424 sq ft sold as a package in conjunction with one another. The draft Burnaby OCP 2050 designates 6 story apartments for this assembly. Each lot currently zoned for a 6 unit Multiplex.(Potentially 18 units with City approval)Prime South Burnaby location close to Metrotown,BCIT,Highway 1, City Hall,2 Schools and Brentwood. The subject site with three very livable houses strategically located half a block from Willingdon Avenue, an artery running throughout Burnaby providing direct access to Highway 1, Lougheed Hwy and Kingsway.A great opportunity with a terrific upside!
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Land Commercial, Multi-Family Commercial
Construction:
Frame Wood
Building Type:
Freestanding
Year built:
1958 (Age: 67)
Living Area:
2,402 sq. ft.
Subject Property Depth:
122'
Subject Property Width:
64'
Lot Area:
7,808 sq. ft.
Acres Freehold:
0 sq. ft.
Zoning:
Potential to Redevelop:
Draft Burnaby OCP indicates lowrise 6 story apartments, No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Road Surface:
Paved
Heating:
Cooling:
Forced Air
Electricity:
Yes
Services Connected:
Electricity Connected, Garbage Collection, Natural Gas Connected, Street Lighting
Sewer:
Public Sewer, Sanitary Sewer, Storm Sewer
Parcel Number:
800179713
Taxes:
$6,600.97 / 2024
No
No
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
Draft Burnaby OCP indicates lowrise 6 story apartments, No
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 5017 Pioneer Avenue in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South)  : MLS®# C8070756
    View of front facade with a shingled roof and a chimney
  • Photo 2: 5017 Pioneer Avenue in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South)  : MLS®# C8070756
    Aerial perspective of suburban area
  • Photo 3: 5017 Pioneer Avenue in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South)  : MLS®# C8070756
    Aerial perspective of suburban area
  • Photo 4: 5017 Pioneer Avenue in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South)  : MLS®# C8070756
    Aerial view
  • Photo 5: 5017 Pioneer Avenue in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South)  : MLS®# C8070756
    Aerial view of property's location with nearby suburban area and a large body of water
  • Photo 6: 5017 Pioneer Avenue in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South)  : MLS®# C8070756
    Aerial overview of property's location featuring a mountainous background
  • Photo 7: 5017 Pioneer Avenue in Burnaby: Forest Glen BS Land Commercial for sale (Burnaby South)  : MLS®# C8070756
    Aerial overview of property's location featuring city skyline and nearby suburban area
Listed by Sutton Group-West Coast Realty
Data was last updated August 28, 2025 at 08:40 PM (UTC)