Property Type: Condo / ApartmentOwnership: Strata

309 7368 ROYAL OAK AVENUE

Burnaby, BC V5J4J6

$625,000

2 bed2 bath1 parking1,045 sqftBuilt 1989
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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
$488/mo
Annual property tax
$1,849.82 (2025)

Interior

Heating
Baseboard heaters, 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®
R3116737
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

TOP FLOOR! Welcome to this spacious 2 Bed, 2 Bath home offering 1,045 square ft of bright, functional living in the heart of Metrotown. Featuring open concept, large living and dining area, laminate flooring, NEW stove, NEW fridge, recent dishwasher, very generous sized bedrooms on opposite sides of the home, and full laundry laundry room with in-suite storage/pantry. Relax or entertain on your private sunny balcony. The primary bedroom easily fits a king bed and includes a walk-in closet and ensuite. Just steps to Royal Oak SkyTrain, Metrotown, T&T, Bonsor, parks, and schools. 1 parking & 1 storage included. MUST SEE VIRTUAL TOUR! (id:63159)

Values & Trends

This listing

$598/sqft

Building average

No other active listings in this building

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

17°C

Clear

Humidity 100%

Wind WNW 13 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

6/9 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 SecondarySecondary250 m
Nelson ElementaryElementary524 m
Clinton ElementaryElementary816 m
Burnaby Youth Hub Secondary ProgramElementary834 m
Maywood Community ElementaryElementary1.1 km
South Slope ElementaryElementary1.1 km
Windsor ElementaryElementary1.2 km
Glenwood 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
Southbound Royal Oak Ave @ Sidley St49 m
Northbound Royal Oak Ave @ Sidley St99 m
Northbound Royal Oak Ave @ Rumble St192 m
Westbound Rumble St @ Royal Oak Ave231 m
Southbound Royal Oak Ave @ Rumble St282 m

Nearby Places

Restaurants (5+)

  • Sasaya Bistro · 7538 Royal Oak Avenue158 m
  • Tenen Restaurant · 7569 Royal Oak Avenue172 m
  • Stem Japanese Eatery · 5205 Rumble Street213 m
  • Makoto Sushi · 5213 Rumble Street213 m
  • QUIK BITE · 5236 Rumble Street241 m

Cafes (5+)

  • Single V Coffee · 5232 Irmin Street154 m
  • Adam's Crepes · 5217 Rumble Street213 m
  • Dario Cafeè · 5238 Rumble Street242 m
  • La Forêt · 6958 Palm Avenue393 m
  • Ki Tea House Cafe · 6888 Royal Oak Avenue454 m

Grocery (3)

  • Smart N Save Grocery & Cafe · 7600 Royal Oak Avenue245 m
  • Buy-Low Foods · 7641 Royal Oak Avenue281 m
  • Hannam Supermarket · 5609 Imperial Street709 m

Parks (5+)

  • Lewarne Park204 m
  • Lewarne Park367 m
  • BC Parkway524 m
  • Ledingham Park · 7298 Jubilee Avenue629 m
  • Alta Vista Reservoir Park658 m

Gyms (3)

  • Uplift Fitness · 7542 Royal Oak Avenue170 m
  • Anytime Fitness · 7643 Royal Oak Avenue301 m
  • Fitness World · 5500 Kingsway728 m

Pharmacies (2)

  • South Slope Pharmacy · 5203 Rumble Street213 m
  • Imperial Remedy's Rx Pharmacy · 5262 Imperial Street545 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 6.0% ($37,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$500,000.00
Periodic payment — Principal & Interest (monthly)$3,225.83
Additional monthly expenses (strata, tax, utilities, etc.)$694.31
Total monthly cost$3,920.14
Interest paid over 5-yr term$143,301.44
Balance at end of term$449,751.62

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$37,500
Stress test qualifying rate8.09%
Payment you must qualify for$4,517.67

Cash Needed at Closing

Minimum down payment$37,500
Estimated BC PTT$10,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$49,500

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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