Property Type: Condo / ApartmentOwnership: Strata

224 7055 WILMA STREET

Burnaby, BC V5E4B1

$489,000

2 bed1 bath1 parking851 sqftBuilt 1977
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Amenities

Gym

Also listed: Recreation Centre, Shared Laundry

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$585/mo
Annual property tax
$1,596.39 (2025)

Interior

Heating
Baseboard heaters, Natural gas, Hot Water
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
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®
R3101598
Listed
March 19, 2026
Time on market
On the market for 165 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Sutton Group-West Coast Realty · Data source: CREA DDF.

Description

Beautifully renovated GROUND FLOOR 2-bedroom suite with huge patio/fenced yard, like living in a house. Features a very nice, renovated kitchen for the culinary artist with spacious dining area. Entertainment sized liviroom. Primary bdrm fit for a king-sized bed has large walk-in closet. Recently updated bathroom with gorgeous tile work, vanity and soaker tub. Both bedrms and livrm have access to the partly covered tranquil patio surrounded by greenery overlooking courtyard with BBQ area, communal garden, Koi Pond with water fountain and resident turtle. This Bosa built complex has a live-in caretaker, gym, games room, sauna and bike storage. Updates include windows, balconies, roof, plumbing and elevators. Walk to Edmonds Skytrain Station, Community Centre and Highgate Village Shopping with restaurants, Save-on Foods, Shoppers Drug Mart, BC Liquor Store and Club 16 Fitness. Walk on miles of close by nature trails or cycle along the pathways to Metrotown and Vancouver. You'll Love it!! (id:63159)

Values & Trends

This listing

$575/sqft

Building average

$626/sqft

1 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

56

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
Stride Avenue Community ElementaryElementary647 m
St. Francis de Sales(Independent)Elementary774 m
Taylor Park ElementaryElementary987 m
Byrne Creek Community SecondarySecondary1.0 km
Brantford ElementaryElementary1.1 km
Morley ElementaryElementary1.2 km
Windsor ElementaryElementary1.3 km
Edmonds Community ElementaryElementary1.4 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 @ Salisbury Ave126 m
Eastbound Edmonds St @ 18 St148 m
Eastbound Kingsway @ Salisbury Ave231 m
Westbound Kingsway @ Salisbury Ave245 m
Eastbound Kingsway @ Griffiths Dr271 m

Nearby Places

Restaurants (5+)

  • B&D Viet Cuisine · 7090 Kingsway210 m
  • Twinkle Thai216 m
  • Nao Sushi · 7060 Kingsway218 m
  • Anatolia's Gate · 7084 Kingsway218 m
  • Mr. Greek Donair Shop · 7155 Kingsway308 m

Cafes (5+)

  • Starbucks276 m
  • Tealips Cafe · 7139 Arcola Way366 m
  • Waves Coffee House · 101-7315 Edmonds Street512 m
  • Macao Imperial Tea · 7337 Edmonds Street604 m
  • Kea's Meat & Deli · 6616 Beresford Street654 m

Grocery (5+)

  • Save-On-Foods · 7155 Kingsway290 m
  • Jumbo Super Market · 7119 Arcola Way360 m
  • Persia Food · 6791 Kingsway457 m
  • Kim's Mart · 6837 Station Hill Drive542 m
  • Grand Food Mart · 7351 Edmonds Street658 m

Parks (5+)

  • Powerhouse Park143 m
  • Poplar Park230 m
  • Sample's Pathway308 m
  • Stride Avenue Ravine Park333 m
  • Unnamed407 m

Gyms (1)

  • Club 16 Fitness Club360 m

Pharmacies (2)

  • Shoppers Drug Mart310 m
  • Edmonds Pharmacy · 7315 Edmonds Street540 m

Banks & ATMs (5+)

  • CIBC246 m
  • Unnamed257 m
  • TD257 m
  • BMO258 m
  • Scotiabank · 7188 Kingsway272 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Other Listings in This Building

Other units currently listed in the same building. 224 7055 WILMA STREET

View building profile →
Built 1977

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$391,200.00
Periodic payment — Principal & Interest (monthly)$2,523.89
Additional monthly expenses (strata, tax, utilities, etc.)$761.48
Total monthly cost$3,285.37
Interest paid over 5-yr term$112,119.04
Balance at end of term$351,885.67

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,450
Stress test qualifying rate8.09%
Payment you must qualify for$3,572.23

Cash Needed at Closing

Minimum down payment$24,450
Estimated BC PTT$7,780
Legal / closing costs (typical estimate)$1,500
Total cash needed$33,730

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.

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