7258 RIDGE DRIVE

Burnaby BC V5A 1B5 - Westridge BN

About This Property

Development opportunity in an established Burnaby neighbourhood. This 7,847 sq.ft. vacant R1-zoned lot falls within Burnaby's Small-Scale Multi-Unit Housing (SSMUH) framework, with the potential for up to six residential units, subject to City of Burnaby regulations and buyer verification. With no existing structure, the property is ready for redevelopment.…

Property Details

MLS NumberR3142450

Lot Size7,847 sqft

Days on Market70

StatusActive

Listed ByDracco Pacific Realty

School Catchment

Elementary Ecole Westridge

Secondary Burnaby North

Neighbourhood

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

$1,600,000Median home value

$90,000Median household income

64.3%Owner-occupied

43.1%Single-detached homes

2.5Avg household size

43.6Median age

43%Bachelor's degree or higher (25-64)

51.2%Commute under 30 min

77.7%Drive to work

40.8%Foreign-born residents

7,525Neighbourhood population

Age

Under 1513.5%
15 to 6468.3%
65 and over18.3%

Household size

1 person26.8%
230%
319%
416.3%
5 or more7.9%

Language spoken at home

52.8% English mother tongue

Cantonese10.6%
Mandarin7.7%
English + other4.5%
Italian2.9%
Spanish2%
Farsi1.8%
All others17.7%

Mother tongue, share of 7,525 residents.

How this pocket differs

more 4-person households than Burnaby North 16.2% vs 13.2%
Median dwelling value is notably higher than Metro Vancouver $1,600,000 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.