5507 KINGSWAY

5507 KINGSWAY · Burnaby, Forglen · Business · $438,000 · MLS C8079590

Burnaby, British Columbia · Neighbourhood: Forglen
C$438,000
For sale
5507 KINGSWAY

5507 KINGSWAY is located in Burnaby (Forglen). Property snapshot: Business, listed at $438,000, MLS C8079590. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 4. Catchment schools include Ecole Marlborough Elementary, Burna

List Price: $438,000
MLS: C8079590
Interior Size: 2,978 sqft
Days on Site: 4
Catchment Schools: Catchment schools include Ecole Marlborough Elementary, Burnaby South Secondary
Price History: Latest recorded list price 438000.00

Local Decision Guide

How should buyers evaluate 5507 KINGSWAY?

Start by reading this listing in its Burnaby Forglen context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

Burnaby listings should also be screened against SSMUH and provincial small-scale multi-unit housing rules. R1, R4 and R5 zoning may affect multiplex analysis, but they are not automatic buildability guarantees; lot dimensions, area, servicing, trees, parking, permits and current city interpretation still matter.

Burnaby SSMUH / R1 / R4 / R5 quick checklist
  • Confirm the zoning label: R1, R4, R5 or another district.
  • Check lot size, frontage, lane/driveway access, trees, parking and servicing.
  • Read SSMUH, provincial rules and Burnaby's current permit interpretation together.
What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 5507 KINGSWAY?

This page shows a list price of $438,000 with MLS C8079590.

What type of home is this Burnaby, Forglen listing?

The page shows Business at 5507 KINGSWAY. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 4 days on market/site. Latest recorded list price 438000.00.

Which catchment schools are associated with 5507 KINGSWAY?

Catchment schools include Ecole Marlborough Elementary, Burnaby South Secondary. Catchment boundaries can change, so buyers should verify with the school district or their realtor before writing an offer.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

How should Burnaby listings be screened for SSMUH, R1, R4 and R5 risk?

Burnaby listings should be checked against SSMUH, provincial small-scale multi-unit housing policy, R1/R4/R5 zoning, lot size, frontage, servicing, trees, parking and permits. R1/R4/R5 are due-diligence signals, not automatic buildability.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

*Showing by appointment only, do not disturb staff. * Rare opportunity to acquire a 2,978 sq.ft. fully equipped hot pot restaurant located at the high-exposure corner of Kingsway in Burnaby. This well-known location offers excellent street visibility, strong traffic counts, and is surrounded by dense residential communities, retail businesses, and commercial amenities. The spacious layout features a beautifully designed dining area, professional commercial kitchen, and extensive restaurant equipment, making it ideal for a hot pot concept or other full-service restaurant operations. Ample customer parking is available at the rear and side of the building, with additional street parking for added convenience. Please contact the listing agent for more information today! (id:56153)

Property Details

Business
Building Type
-
Bedrooms
-
Bathrooms
2,978 sqft
Interior Size
C$147
Price per Sqft

Transaction: For sale

Status: active

Listing ID: 29899233 (C8079590)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$438,000

Days on Site: 4 days

Added to Relistico: 2026-06-12

Updated on: 2026-06-15 04:03 PM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

Ecole Marlborough Elementary ELEMENTARY
Burnaby, BC
Straight-line distance about 790.4 m
Burnaby South Secondary SECONDARY
Public · School District 41
5455 Rumble St, Burnaby, BC
Straight-line distance about 861.4 m
Nearby Private Schools
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Includes school names, grades, distance, and available Fraser ranking context.

Nearby Points of Interest

Grocery / Food Access
Ribbon
About 67.8 m away
5593 Kingsway, Burnaby
Hannam Supermarket
About 168.3 m away
5609 Imperial Street
Shopping Centres
Burlington Square
About 451.7 m away
5172 Kingsway, Burnaby
Royal Oak Plaza
About 1.1 km away
Parks / Green Space
BC Parkway
About 515.7 m away
Lobley Park
About 632.3 m away
Rapid Transit Stations
ROYAL OAK STATION
About 518.8 m away

Price History

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Last Updated: Mon, 15 Jun 2026 03:03:11 PM PDT

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