1570 SPERLING AVENUE
Burnaby, BC V5B4J9
$2,995,000
Property Details
Property & Lot
- Sub-type
- Duplex
- Lot size
- 9,040 square feet
- Frontage
- 72 feet
Ownership & Fees
- Property type
- Duplex
- Ownership
- Freehold
- Annual property tax
- $7,902.83 (2025)
Interior
- Fireplace
- None
Parking
- Total spaces
- 5
Listing Information
- MLS®
- R3116592
- Listed
- April 28, 2026
- Time on market
- On the market for 125 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Rennie & Associates Realty Ltd. · Data source: CREA DDF.
Description
Sperling 5 - A rare opportunity to own a high performing multifamily asset in N Burnaby. Why you´ll want to invest here: 1. Income generating 5 suite property with 2025 NOI of $118k and clear upside through rent optimization, plus external storage lockers for added revenue. 2. Significant capital improvements, reducing near-term costs and improving long-term stability. 3. 9 bedrooms and 6 bathrooms on a 9,040 sqft lot with strong rental appeal across multiple tenant profiles, plus 5 parking stalls with lane access. 4. Prime N Burnaby location near transit, schools, shopping, parks, tennis, pickleball, and golf. 5. Future development potential adds long-term upside. Don´t miss this turnkey asset in N Burnaby, featuring strong income, significant upgrades, and long-term growth potential. (id:63159)
Values & Trends
This listing
$689/sqft
Building average
—
No other active listings in this building
Burnaby average
$723/sqft
157 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Vancouver
15°C
Clear
Humidity 100%
Wind NW 5 km/h
Tonight
14°
Tuesday
20°
Tuesday night
15°
Wednesday
19°
Wednesday night
14°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
249,125
(2021 Census)
+7% since 2016
Density: 2,750.6/km²
Dwellings: 107,046
Median household income: $83,000
After-tax: $73,500
Immigrant population: 50.4%
Top countries of origin (% of total population)
- China12.4% · 30,860
- Philippines4.5% · 11,235
- Hong Kong4.4% · 11,010
- Taiwan3.1% · 7,750
- India3% · 7,540
- Korea, South2.6% · 6,380
- Viet Nam1.4% · 3,380
- Iran1.3% · 3,210
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
7
1/9 categories nearby
Transit
33
5 stop(s) within 800m
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Lochdale Community Elementary | Elementary | 477 m |
| Sperling Elementary | Elementary | 714 m |
| Parkcrest Elementary | Elementary | 935 m |
| Burnaby North Secondary | Secondary | 1.0 km |
| Westridge Elementary | Elementary | 1.1 km |
| Montecito Elementary | Elementary | 1.1 km |
| Aubrey Elementary | Elementary | 1.1 km |
| Capitol Hill Elementary | Elementary | 1.7 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
| Stop | Type | Distance |
|---|---|---|
| Northbound Sperling Ave @ Winch St | — | 16 m |
| Southbound Sperling Ave @ Winch St | — | 59 m |
| Southbound Sperling Ave @ Kitchener St | — | 145 m |
| Northbound Sperling Ave @ Halifax St | — | 188 m |
| Northbound Sperling Ave @ Kitchener St | — | 212 m |
Nearby Places
Parks (4)
- Halifax Park274 m
- Sumas Park589 m
- Sperling Park736 m
- Unnamed774 m
Nearby places data: © OpenStreetMap contributors.
School district: Burnaby (SD41)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($599,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.