318 2999 UNDERHILL AVENUE

318 2999 UNDERHILL AVENUE · Burnaby, Lake City Industrial Site · Industrial · MLS C8079300

Burnaby, British Columbia · Neighbourhood: Lake City Industrial Site
C$23/Y
For rent
318 2999 UNDERHILL AVENUE

318 2999 UNDERHILL AVENUE is located in Burnaby (Lake City Industrial Site). Property snapshot: Industrial, MLS C8079300. 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 Forest Grove Elementary

MLS: C8079300
Days on Site: 4
Catchment Schools: Catchment schools include Forest Grove Elementary, Burnaby Mountain Secondary
Price History: Listing timeline recorded

Local Decision Guide

How should buyers evaluate 318 2999 UNDERHILL AVENUE?

Start by reading this listing in its Burnaby Lake City Industrial Site 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 type of home is this Burnaby, Lake City Industrial Site listing?

The page shows Industrial at 318 2999 UNDERHILL AVENUE. 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. Listing timeline recorded.

Which catchment schools are associated with 318 2999 UNDERHILL AVENUE?

Catchment schools include Forest Grove Elementary, Burnaby Mountain 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

Primely located in North Burnaby between the Lake City Way and Production Way Skytrain Stations, Lake City Junction is an architecturally designed Office/Warehouse complex that offers the utmost in convenience and access for your employees and is perfectly situated for the movement of your company's goods & services to all points of the Lower Mainland via the Trans-Canada Highway and Lougheed Highway. This first class office/warehouse features 21' clear ceiling heights, one 12' x 14' grade level loading doors, fully sprinklered to a NFPA 13 rating, has 40 amp/600 volt electrical feed complete with a 45K VA 120/208 volt transformer and panel, T5 high output fluorescent lighting, one (1) skylight, painted 6"inch bollards filled with concrete installed at the exterior of all grade level loading doors, one (1) ceiling fan and one (1) handicap accessible washroom. 3 parking stalls included free of charge. Please call or email listing agents for further information. (id:56153)

Property Details

Industrial
Building Type
-
Bedrooms
-
Bathrooms
2011
Year Built
15 years
Age
4
Days on Site

Transaction: For lease

Status: active

Listing ID: 29848950 (C8079300)

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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$23/Y

Days on Site: 4 days

Added to BurnabyHouse: 2026-06-03

Updated on: 2026-06-05 02:01 PM PDT

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Lot info

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

Schools

Forest Grove Elementary ELEMENTARY
Public · School District 41
8525 Forest Grove Dr, Burnaby, BC
Straight-line distance about 1 km
Burnaby Mountain Secondary SECONDARY
Public · School District 41
8800 Eastlake Dr, Burnaby, BC
Straight-line distance about 1.3 km
Nearby Private Schools
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Includes school names, grades, distance, and available Fraser ranking context.

Nearby Points of Interest

Grocery / Food Access
Sungiven Foods
About 1.8 km away
I. Mart
About 2.3 km away
9616 Cameron Street
Shopping Centres
Cariboo Business Park
About 1.3 km away
6741 Cariboo Road
Discovery Place
About 2.1 km away
Parks / Green Space
Meadowood Park
About 625.7 m away
"Teribithia"
About 805.6 m away
Rapid Transit Stations
LAKE CITY WAY STATION
About 886.3 m away

Price History

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View price changes, listing events, and the full timeline.

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Last Updated: Fri, 05 Jun 2026 01:04:17 PM PDT

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