Home Burnaby, BC Metrotown 5507 Dorset Street

5507 Dorset St, Burnaby BC – Land for Sale – MLS® R2997235

5507 Dorset Street, Burnaby, British Columbia V5J 1L6

538 days on the market

$2,999,000

Est. Mortgage $13,268/mo

Listing updated: May 4, 2026 at 10:19am

EstateBlock checked: Oct 21, 2026 at 03:10am

0 sqft

23.1% cheaper than comps

Photos

Exterior photo of 5507 Dorset St, Burnaby, BC – MLS® R2997235

Exterior Rear Photo of 5507 Dorset Street, Burnaby, BC

Living Room Photo of 5507 Dorset Street, Burnaby, BC

Family Room Photo of 5507 Dorset Street, Burnaby, BC

Dining Area Photo of 5507 Dorset Street, Burnaby, BC

Kitchen Photo of 5507 Dorset Street, Burnaby, BC

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.*

Exterior Features

Structures	Land Only

Building Details

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 & Land

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

Property Timeline

Status	Date	Price
R2997235 / Active	05-01-2025	$2,999,000

Listed by: 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.

Map & Neighbourhood

Public Schools

Secondary
Burnaby South Secondary School: 0.55 km
Elementary
Maywood Community School: Average 1.12 km 4.5/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
St. Francis de Sales: Above Average 1.33 km 9/10
Elementary, Secondary
Deer Lake School: 2.28 km

Closest Transit

Bus Stop
Northbound Antrim Ave @ Victory St: 0.24 km
Skytrain
Skytrain @ Royal Oak Stn: 0.30 km

Crime Rate

Total Crime Rate: Below Average
Violent Crime Rate: Low
Property Crime Rate: Average

Demographics

Post-Secondary Education: Above Average 33.6%
No Certificate/Degree: Average 12.7%
Owner Occupied: Average 72%
Employment Rate: Average 60.1%

Noise/ Power Lines

Road/Hwy Noise: Unlikely
Railway/Sky train Noise: Unlikely
Airport/Port Noise: Unlikely
Close to major Power Lines: Unlikely

Other

Agricultural Land Reserve (ALR): Unlikely
Flood Area: Unlikely
Close to Cemeteries: Unlikely

Sell Speed & Competition

62 / 100

Overall sell-speed score

Moderate pace expected

A+

Price competition grade

Avg comparable: $3,691,769

Buyer's

Market conditions

Buyer's market — more supply than demand

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.30 km from station

Road / Highway noise

Unlikely

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How METROTOWN compares

This property

538 DOM

Slower than area

Metrotown avg

46 DOM

Average

Burnaby avg

46 DOM

Faster market

5507 Dorset Street has a sell-speed score of 62/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 23.1% below comparable active properties in Metrotown, which is a strong competitive signal. The local market is currently a Buyer's Market with a sales-to-active ratio of 8.1% and an area average of 46 days on market — buyers have more leverage. With only 198 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V5J 1L6

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).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

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.

Air Quality A / Excellent

Annual avg PM2.5 4.4 µg/m³ — meets WHO 2021 guideline. Nearest station: Burnaby South, Burnaby (~0.6 km). Annual avg AQHI 2.2 — Low Risk.

Heat Moderate

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.

Precipitation Increasing

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.

Drought Stable

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.

Nearby Restaurants, Cafes & Shops

Shopping (49 nearby)

Enterprise · 93 m · Car Rental
Savva atelier · 213 m · Clothes
Imperial remedy's rx pharmacy · 256 m · Pharmacy

Restaurants (49 nearby)

White spot · 216 m · Restaurant
Little caesars · 218 m · Fast Food
88 town · 253 m · Restaurant

Cafes (19 nearby)

La forêt · 164 m · Cafe
Ki tea house cafe · 273 m · Cafe
D² tea lab · 284 m · Cafe

Groceries (14 nearby)

Hannam supermarket · 194 m · Supermarket
Maggie's convenience store · 279 m · Convenience
Great bear liquor store · 339 m · Beverages

Healthcare (4 nearby)

Imperial remedy's rx pharmacy · 256 m · Healthcare
South slope pharmacy · 715 m · Healthcare
London drugs · 829 m · Healthcare

Transit (2 nearby)

Skytrain @ royal oak stn station · 295 m · Transit
Bus stop westbound imperial st @ waverley ave · 988 m · Transit

Schools NearBy

20 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Burnaby South Secondary	Public	Grades Served —	Catchment Info —	5.2 / 10	Distance 500 m
Windsor Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 734 m
Burnaby Youth Hub Secondary Program	Public	Grades Served —	Catchment Info —	2.7 / 10	Distance 877 m
Nelson Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 976 m
Clinton Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 1.03 KM
St. Francis de Sales	Independent	Grades Served K-7	Catchment Info —	8.7 / 10	Distance 1.33 KM
Brantford Elementary School	Public	Grades Served K-7	Catchment Info —	7.7 / 10	Distance 1.34 KM
BC Provincial School For The Deaf Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 1.47 KM
South Slope Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 1.52 KM
Glenwood Elementary School	Public	Grades Served K-7	Catchment Info —	5.4 / 10	Distance 1.69 KM
Morley Elementary School	Public	Grades Served K-7	Catchment Info —	4.4 / 10	Distance 2.03 KM
Chaffey-Burke Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.09 KM
Taylor Park Elementary School	Public	Grades Served K-7	Catchment Info —	7.7 / 10	Distance 2.36 KM
Gilpin Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.51 KM
Suncrest Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 2.52 KM
Buckingham Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 2.54 KM
Burnaby Central Secondary	Public	Grades Served —	Catchment Info —	6.6 / 10	Distance 2.58 KM
Moscrop Secondary School	Public	Grades Served 8-12	Catchment Info —	7.4 / 10	Distance 2.88 KM
Our Lady of Mercy	Independent	Grades Served —	Catchment Info —	10.0 / 10	Distance 2.88 KM
Connaught Heights Elementary	Public	Grades Served —	Catchment Info —	6.9 / 10	Distance 2.96 KM

Pre-computed routes from 5507 Dorset St, Burnaby, BC

5507 Dorset St, Burnaby, BC Royal Oak 0.3 km

27 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Royal Oak → Waterfront
27 min
Metrotown, Burnaby via Royal Oak → Metrotown
9 min
SFU Burnaby via Royal Oak → Production Way
25 min
Richmond Centre via Royal Oak → Brighouse
52 min
YVR Airport via Royal Oak → YVR-Airport
53 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
14 min
Metrotown, Burnaby via Lougheed Hwy
2 min
SFU Burnaby via Gaglardi Way
7 min
Richmond Centre via No. 3 Rd
15 min
YVR Airport via Bridgeport / Sea Island
17 min

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).

Walkability & Transit Near 5507 Dorset Street

Car-Dependent 88

Walk Score - Very Walkable

Most errands can be accomplished on foot

Some Transit 80

Transit Score - Excellent Transit

Transit is convenient for most trips

Somewhat
Bikeable 80

Bike Score - Very Bikeable

Biking is convenient for most trips

Mortgage Calculator for 5507 Dorset Street

/month

Principal & Interest

Property Taxes $435

Maintenance fee 0

Financing 80% of the $2,999,000 asking price over 30 years at 4% results in approximately $11,889/month in total estimated carrying costs, $435 property tax.

or Call 778-918-5990

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Investment Cashflow Calculator

/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

This listing generates an estimated $6,906/month in rental income, leaving a -$5,232/month cashflow at current carrying costs. Investors targeting break-even would need roughly 57% down.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 5507 Dorset Street, Burnaby

Buy Vs Rent Calculator

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Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.