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420 Delta Avenue
Burnaby
V5B 3C8
$2,950,000
Land Commercial, Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Land Commercial, Multi-Family Commercial
- MLS® Num:
- C8073580
- Build. Type:
- Freestanding
- Photos (4)
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An opportunity to purchase a boutique low-rise residential development site adjacent to the Burnaby Heights neighbourhood for redevelopment of up to 6 storeys with the upcoming adoption of the Burnaby 2050 OCP in late 2025. The property is situated on the southeast corner of Delta Avenue and Hastings Street, which provides convenient access to Downtown Vancouver, Brentwood Town Centre, Simon Fraser University and Highway 1. The property, with a lot size of 9,461 SF, is also a block east of Burnaby Heights, a dynamic retail corridor known for its diverse commercial district, friendly merchant culture, and a vibrant community atmosphere. The area is popular with students, families, and young professionals, supporting a strong demand for more housing. The property is improved with a duplex circa 1947 with 4 rental units. Each rental unit has its own washer and dryers and generate a stable rental income.
- Sale Type:
- Asset
- Ownership:
- Freehold
- Property Type:
- Land Commercial, Multi-Family Commercial
- Construction:
- Frame Wood
- Building Type:
- Freestanding
- # of Apartments:
- 4
- # of 2 Bedroom Apartments:
- 3
- # of 3 Bedroom Apartments:
- 1
- Year built:
- 1947 (Age: 78)
- Living Area:
- 2,000 sq. ft.
- Subject Property Depth:
- 121'
- Subject Property Width:
- 80'
- Lot Area:
- 9,583.2 sq. ft.
- Potential to Redevelop:
- designated "R4 Low-rise Apartment 2" under draft 2050 OCP, No
- Electricity:
- No
- Sewer:
- Public Sewer
- Env Assmt Comment:
- West Coast Tank Recovery confirmed NO SIGNALS LOCATED RESEMBLING AN UNDERGROUND OIL TANK. See report
- Parcel Number:
- 002817420
- Taxes:
- $8,224.41 / 2025
- No
- Water Supply:
- Public
- Water Rights:
- No
- Potential to Redevelop:
- designated "R4 Low-rise Apartment 2" under draft 2050 OCP, No
- Env Assmt Phase:
- Yes
-
Aerial perspective of suburban area featuring a mountain backdrop -
Map showing property parcels
-
Bungalow-style home with a chimney and stucco siding
-
Map / location
Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated November 28, 2025 at 12:40 PM (UTC)
- AMAR SHAN
- SABA REALTY LTD
- 778-881-4600
- [email protected]
- DANA BALAN
- SABA REALTY LTD
- 604-727-7206
- [email protected]
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.
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Navigating Commercial Real Estate Landscape in Vancouver, BC
Vancouver, BC, stands as a beacon of economic prosperity and cultural diversity, drawing businesses and investors alike to its dynamic commercial real estate market. In this article, we’ll delve into the thriving commercial landscape of Vancouver, exploring key trends, popular sectors, and the factors contributing to the city’s robust real estate sector. Whether you’re an entrepreneur seeking the perfect storefront or an investor eyeing the stability and growth potential of Vancouver’s commercial market, the opportunities are as diverse as the properties themselves. Explore BC commercial properties, especially in Vancouver, and discover a landscape ripe for business success and investment ventures.
Diverse Commercial Sectors
Vancouver’s commercial real estate market spans a diverse array of sectors, catering to the multifaceted needs of businesses. From vibrant retail spaces in bustling neighborhoods like Gastown to sleek office towers in the central business district, the city offers a spectrum of opportunities. The industrial sector, particularly in areas like Mount Pleasant, has also witnessed significant growth, driven by the rise of tech companies and creative industries.
Tech Hub and Innovation
As a burgeoning tech hub, Vancouver has become a magnet for innovative companies seeking prime office spaces to foster creativity and collaboration. The city’s strategic location, coupled with its quality of life, has attracted major players in the tech industry, contributing to the demand for modern, adaptable office spaces.
Green Initiatives and Sustainability
Vancouver places a strong emphasis on sustainability, influencing its commercial real estate landscape. The city’s commitment to green building practices has led to a surge in environmentally conscious developments. LEED-certified buildings and energy-efficient spaces have become integral components of the commercial market, appealing to businesses with a focus on sustainability.
Challenges and Opportunities
Despite its robustness, Vancouver’s commercial real estate market is not without challenges. Limited available space in key areas and rising property values pose obstacles for businesses seeking prime locations. However, this scarcity has also spurred innovative projects, such as mixed-use developments that seamlessly blend residential and commercial spaces.
Investment Appeal
Investors are drawn to Vancouver’s commercial real estate market for its stability and long-term growth potential. The city’s strategic geographical location, strong economic fundamentals, and commitment to innovation create an attractive environment for those looking to diversify their portfolios.
Conclusion: Vancouver, BC Commercial Properties
Vancouver’s commercial real estate landscape continues to evolve, shaped by economic trends, sustainability initiatives, and the city’s commitment to innovation. Whether you’re a local business looking to expand or a global investor seeking lucrative opportunities, Vancouver’s dynamic and diverse commercial real estate market provides a wealth of possibilities.