Property Type: Condo / ApartmentOwnership: Strata

252 5355 LANE STREET

Burnaby, BC V5H0H1

$650,000

2 bed2 bath1 parking770 sqftBuilt 2020
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$387/mo
Annual property tax
$2,076.91 (2025)

Interior

Heating
Electric
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed with restrictions
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®
R3062627
Listed
October 28, 2025
Time on market
On the market for 307 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Luxmore Realty · Data source: CREA DDF.

Description

In the Heart of Metrotown! This bright and contemporary 2-bedroom, 2-bathroom home features 9-ft ceilings, an open-concept kitchen with a sleek island, quartz countertops, and stainless steel appliances. Stylish laminate flooring enhances its modern appeal. Located just steps from Royal Oak SkyTrain, Metrotown, Kingsway´s shops and restaurants, and Bonsor Community Centre, this home offers unmatched convenience. The pet-friendly building allows rentals and includes 1 parking space, 1 storage locker, ample visitor parking, and 3 shared EV chargers. School catchment: Maywood Community Elementary & Burnaby South Secondary. Don´t miss this incredible opportunity-schedule your viewing today! (id:63159)

Values & Trends

This listing

$844/sqft

Building average

$871/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

67

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
Burnaby South SecondarySecondary700 m
Burnaby Youth Hub Secondary ProgramElementary765 m
École Marlborough ElementaryElementary877 m
Windsor ElementaryElementary916 m
Maywood Community ElementaryElementary977 m
Nelson ElementaryElementary1.0 km
Clinton ElementaryElementary1.2 km
South Slope 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 Kingsway @ Denbigh Ave156 m
Eastbound Kingsway @ Grimmer St173 m
Westbound Kingsway @ Macpherson Ave215 m
Eastbound Kingsway @ Royal Oak Ave275 m
Royal Oak Station @ Platform 1328 m

Nearby Places

Restaurants (5+)

  • White Spot · 5550 Kingsway153 m
  • Jin Jiang Shanghai Restaurant · 5411 Kingsway189 m
  • Pho Super Bowl · 5505 Kingsway195 m
  • Liuyishou Hotpot · 5507 Kingsway208 m
  • Something Sweet · 6888 Royal Oak Avenue216 m

Cafes (5+)

  • Sugar Lab · 5376 Grimmer Street84 m
  • Sweethoney Dessert · 5358 Grimmer Street89 m
  • Duoduo Fruit Shop · 5318 Grimmer Street96 m
  • BenGong's Tea · 5308 Grimmer Street99 m
  • Sweet Puffin · 5252 Imperial Street192 m

Grocery (4)

  • Hannam Supermarket · 5609 Imperial Street257 m
  • Ribbon · 5593 Kingsway275 m
  • Wholesale Club · 5335 Kingsway277 m
  • Boemma Euro Foods & Deli · 5172 Kingsway304 m

Parks (4)

  • BC Parkway308 m
  • Lobley Park491 m
  • Unnamed621 m
  • Bonsor Park742 m

Gyms (2)

  • Fitness World · 5500 Kingsway98 m
  • Playground243 m

Pharmacies (3)

  • Imperial Remedy's Rx Pharmacy · 5262 Imperial Street162 m
  • London Drugs · 4970 Kingsway623 m
  • Bonsor Pharmacy & Medical Supplies687 m

Banks & ATMs (3)

  • Vancity · 5064 Kingsway478 m
  • RBC576 m
  • TD · 4994 Kingsway595 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 6.2% ($40,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$520,000.00
Periodic payment — Principal & Interest (monthly)$3,354.86
Additional monthly expenses (strata, tax, utilities, etc.)$599.38
Total monthly cost$3,954.24
Interest paid over 5-yr term$149,033.49
Balance at end of term$467,741.68

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$40,000
Stress test qualifying rate8.09%
Payment you must qualify for$4,690.69

Cash Needed at Closing

Minimum down payment$40,000
Estimated BC PTT$11,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$52,500

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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