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.*
| Structures | Land Only |
|---|
| Price | $2,999,000 |
|---|---|
| Property Type | Land |
| Ownership Type | Freehold NonStrata |
| Community Features | Near Shopping |
| Utility Type | Sanitary Sewer At Lot Line, Storm Sewer At Lot Line, Electricity At Lot Line, Natural Gas At Lot Line, Phone At Lot Line, Cable At Lot Line |
| Water (WaterSource) | Public |
| Lot Size | 6561 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 64.12 |
| MLS® # | R2997235 |
| Area | Burnaby South |
| Neighbourhood | Metrotown |
| City | Burnaby |
| Postal Code | V5J 1L6 |
| Gross Taxes | $5,216.22 |
| Zoning | M4 |
Listed by: eXp Realty & eXp Realty
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
5507 Dorset Street has a sell-speed score of 73/100, placing it in the "Expected to sell within weeks" band. The listing is priced 22.1% below comparable active properties in Metrotown, which is a strong competitive signal. The local market is currently a Balanced Market with a sales-to-active ratio of 14.9% and an area average of 46 days on market — conditions are balanced. With only 195 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is likely to sell within a few weeks.
Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5J 1L6, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.
Annual avg PM2.5 4.4 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Burnaby South, Burnaby (~0.6 km). Annual avg AQHI 2.2 — Low Risk.
Burnaby currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~7 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30 °C baseline, ~32.4 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.
Annual precipitation ~1393 mm (1981–2010 baseline), projected ~1445 mm by the 2050s. Extreme 1-day rainfall: ~47.8 mm baseline, ~53.3 mm projected. Values vary modestly across the Lower Mainland.
Longest annual dry spell (consecutive dry days): ~24 days baseline, ~25 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.
20 Schools are within 3km
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Burnaby South Secondary |
Public |
Grades Served—
|
Catchment Info—
|
Distance500 m
|
|
Windsor Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance734 m
|
|
Burnaby Youth Hub Secondary Program |
Public |
Grades Served—
|
Catchment Info—
|
Distance877 m
|
|
Nelson Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance976 m
|
|
Clinton Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.03 KM
|
|
St. Francis de Sales |
Independent |
Grades ServedK-7
|
Catchment Info—
|
Distance1.33 KM
|
|
Brantford Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.34 KM
|
|
BC Provincial School For The Deaf Elementary |
Public |
Grades Served—
|
Catchment Info—
|
Distance1.47 KM
|
|
South Slope Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.52 KM
|
|
Glenwood Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.69 KM
|
|
Morley Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.03 KM
|
|
Chaffey-Burke Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.09 KM
|
|
Taylor Park Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.36 KM
|
|
Gilpin Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.51 KM
|
|
Suncrest Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.52 KM
|
|
Buckingham Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.54 KM
|
|
Burnaby Central Secondary |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.58 KM
|
|
Moscrop Secondary School |
Public |
Grades Served8-12
|
Catchment Info—
|
Distance2.88 KM
|
|
Our Lady of Mercy |
Independent |
Grades Served—
|
Catchment Info—
|
Distance2.88 KM
|
|
Connaught Heights Elementary |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.96 KM
|
Calculate your commute
5507 Dorset St, Burnaby, BC is ideally located for commuters. The property is 0.3 km from Royal Oak, with a 27 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Northbound Antrim Ave @ Victory St (0.24 km). Walk Score Transit rating: Excellent Transit (80/100).
Buy Vs Rent Calculator
Rent vs own
—
Comparable data is unavailable at the neighbourhood level. City-wide in Burnaby, similar properties average $3,847,833 across 3 active listings — this listing is 22.1% below the Burnaby average. This property is flagged as a Hot Deal (22.1% cheaper than comparables) based on its competitive pricing and market demand.
Potential Cashback for this listing if you buy with us
to track your cashback progress
Buy with us & save on this property
$2,990,000
$2,680,000
$3,250,000
$2,495,000
$3,365,000
$2,599,000
By car (off-peak)