An exciting small-scale development opportunity in Burnaby’s established Cariboo neighbourhood. The Cariboo Road Land Assembly comprises three properties with a combined site area of 31,359 sq ft and supported by a Floor Space Ratio (FSR) of 1.0. The site is well suited for ground-oriented residential development, including rowhomes or multiplex housing configurations designed to meet the growing demand for family-oriented homes.
Situated just minutes from Lougheed Town Centre, the assembly benefits from convenient access to one of Burnaby’s major commercial and transportation hubs. Future residents will be close to Lougheed Mall, restaurants, grocery stores, banks, fitness facilities, Costco, and a wide range of everyday services. Nearby schools include Cariboo Hill Secondary School and Armstrong Elementary School, while surrounding parks, major transportation routes, and community amenities add further convenience and long-term residential appeal.
Salient Facts:
Total Site Area: 31,359 sq ft
Floor Space Ratio (FSR): 1.0
Potential Buildable Square Foot: 31,359 sq ft
Potential Land Usage: Rowhomes or Multiplex
The assembly is positioned within an area experiencing increasing demand for missing-middle housing and small-scale multi-unit redevelopment. Burnaby’s multiplex planning direction supports family-oriented, ground-oriented housing that integrates efficiently with established neighbourhoods, schools, parks, infrastructure, and community amenities. These conditions create an attractive opportunity for builders, investors, and developers seeking a lower-density residential project with strong end-user demand and potential fee-simple or strata ownership options.
This location offers an opportunity to deliver thoughtfully planned multi-unit housing that aligns with Burnaby’s broader objectives for increased housing supply, neighbourhood-sensitive density, and attainable family-oriented ownership options. Continued growth and redevelopment activity throughout the surrounding area further strengthens the assembly’s long-term value, marketability, and resale potential.
Listing agents: Zeljko Mlinar PREC*, Connie Tobias PREC*, Logan Bromhead