5507 DORSET STREET

Burnaby BC V5J 1L6 - Metrotown

About This Property

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…

Features

Near Shopping

Property Details

MLS NumberR2997235

Lot Size6,561 sqft

Days on Market497

StatusActive

Listed ByeXp Realty

School Catchment

Elementary Maywood

Secondary Burnaby South

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.

$690,000Median home value

$75,500Median household income

63.3%Owner-occupied

3.7%Single-detached homes

2.3Avg household size

37.6Median age

48.7%Bachelor's degree or higher (25-64)

52.2%Commute under 30 min

67.3%Drive to work

58.3%Foreign-born residents

7,333Neighbourhood population

Age

Under 1513.8%
15 to 6472.2%
65 and over14%

Household size

1 person30.5%
233.9%
318.3%
412.1%
5 or more5.2%

Language spoken at home

31.5% English mother tongue

Mandarin15.7%
Cantonese14.9%
English + other5.9%
Tagalog4.7%
Korean3.3%
Spanish2.2%
All others21.8%

Mother tongue, share of 7,335 residents.

How this pocket differs

fewer seniors 65+ than Highgate 14% vs 18.5%
more Cantonese speakers than Highgate 14.9% vs 11.7%
Median dwelling value is notably lower than Metro Vancouver $690,000 vs $1,050,000

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.