Property Type: Condo / ApartmentOwnership: Strata

2207 7328 ARCOLA STREET

Burnaby, BC V5E0A7

$868,000

2 bed2 bath1 parking1,113 sqftBuilt 2009
Get Directions

Amenities

Gym

Also listed: Recreation Centre

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$535/mo
Annual property tax
$2,574.64 (2024)

Interior

Heating
Electric, Natural gas
Fireplace
None

Exterior & Lot

View
View

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Rentals
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3020797
Listed
June 27, 2025
Time on market
On the market for 430 days
Tax assessment year
2024
Data last synced
August 28, 2026

Listing provided by: Royal Pacific Realty (Kingsway) Ltd. · Data source: CREA DDF.

Description

QUALITY BOAST BUILT ESPRIT 2 - 22nd HIGH FLOOR, LARGE CORNER 3 RM/2 BATH AT POPULAR HIGHGATE VILLAGE. This home offers outstanding grand mountain panoramic views. 2 parking stalls. 1 locker. Very Motivated Seller. Will consider all offer. Bring your offer. Let us work together. Full cooperation. (id:63159)

Values & Trends

This listing

$780/sqft

Building average

$778/sqft

5 active listing(s)

Burnaby average

$865/sqft

1019 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

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.

Apartment Market Stats — Burnaby

Monthly figures from the Fraser Valley Real Estate Board for Burnaby apartmentlistings — not specific to this property.

MLS® HPI Benchmark Price

$704,600

Jul 2026

Average Sale Price

$660,187

Jul 2026

Monthly Sales

170

Jul 2026

Active Listings

1,097

Jul 2026

Sales-to-Active Ratio

16.0%

Jul 2026

Median Days to Contract

30 days

Jul 2026

MLS® HPI Benchmark Price

$805,900
$700,500
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: Vancouver

Clear

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

70

7/9 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

SchoolTypeDistance
Edmonds Community ElementaryElementary884 m
Stride Avenue Community ElementaryElementary888 m
Morley ElementaryElementary1.0 km
St. Thomas More Collegiate(Independent)Secondary1.1 km
St. Francis de Sales(Independent)Elementary1.1 km
Byrne Creek Community SecondarySecondary1.2 km
Our Lady of Mercy(Independent)Elementary1.2 km
Brantford ElementaryElementary1.3 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

StopTypeDistance
Westbound Edmonds St @ Linden Ave87 m
Westbound Kingsway @ Walker Ave118 m
Eastbound Kingsway @ Hall Ave138 m
Eastbound Edmonds St @ Linden Ave147 m
Westbound Edmonds St @ Kingsway184 m

Nearby Places

Restaurants (5+)

  • NoodleBox · 104-7315 Edmonds Street15 m
  • Chicko Chicken · 7343 Edmonds Street73 m
  • Watashi Sushi · 7341 Edmonds Street84 m
  • Arisu Authentic Korean BBQ · 7328 Edmonds Street86 m
  • Pho 68 · 7360 Edmonds Street119 m

Cafes (5+)

  • Waves Coffee House · 101-7315 Edmonds Street25 m
  • Macao Imperial Tea · 7337 Edmonds Street73 m
  • Mostafa Coffee House · 7411 Edmonds Street280 m
  • Edmonds Cafe335 m
  • Starbucks349 m

Grocery (4)

  • Grand Food Mart · 7351 Edmonds Street127 m
  • PriceSmart Foods · 7380 Edmonds Street138 m
  • Save-On-Foods · 7155 Kingsway377 m
  • Jumbo Super Market · 7119 Arcola Way394 m

Parks (5+)

  • Unnamed352 m
  • Edmonds Park354 m
  • Poplar Park515 m
  • Stride Avenue Ravine Park615 m
  • Powerhouse Park671 m

Gyms (2)

  • Club 16 Fitness Club272 m
  • Weight/Cardio Room320 m

Pharmacies (3)

  • Edmonds Pharmacy · 7315 Edmonds Street14 m
  • Shoppers Drug Mart310 m
  • Apoteka Pharmacy · 7487 Edmonds Street537 m

Banks & ATMs (5+)

  • Waves - Edmonds - Bitcoin Well ATM · 7315 Edmonds Street24 m
  • Bitcoin ATM Coinsite · 7329 Edmonds Street54 m
  • Gulf & Fraser · 7310 Kingsway66 m
  • RBC · 7297 Kingsway101 m
  • Scotiabank · 7188 Kingsway288 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 7.1% ($61,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$694,400.00
Periodic payment — Principal & Interest (monthly)$4,480.03
Additional monthly expenses (strata, tax, utilities, etc.)$805.98
Total monthly cost$5,286.02
Interest paid over 5-yr term$199,017.04
Balance at end of term$624,615.05

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$61,800
Stress test qualifying rate8.09%
Payment you must qualify for$6,199.40

Cash Needed at Closing

Minimum down payment$61,800
Estimated BC PTT$15,360
Legal / closing costs (typical estimate)$1,500
Total cash needed$78,660

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.

Request more information