Property Type: Detached HouseOwnership: Freehold

4761 RIDGELAWN DRIVE

Burnaby, BC V5C3Y1

$4,850,000

1 bed1 bath2 parking2,493 sqftBuilt 1955
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Property Details

Property & Lot

Sub-type
House
Lot size
7,260 square feet
Frontage
60 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,196.88 (2025)

Interior

Heating
Electric
Fireplace
None

Parking

Total spaces
2 — covered indicated
Features
Carport

Listing Information

MLS®
R3080972
Listed
January 20, 2026
Time on market
On the market for 224 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX City Realty · Data source: CREA DDF.

Description

Must See! Approx. 7,260 sqft Mid-Rise development lot in Burnaby Brentwood area. Located at Ridgelawn Dr, between Beta Ave and Delta Ave. On the opposite of Brentwood Town Centre, easy access to Vancouver East & West and North Vancouver through Hwy No.1 & 7. Under R1 residential zone and 2050 Burnaby OCP, potential for up to 12 stories development. École Alpha Secondary School, Brentwood Park and Kitchener Elementary, Brentwood Park, and Willingdon Heights Park all around. Potential for 8 lots ( Approx. 56,778 SqFt) land assembly, corner 2 lots and East side 2 lots are on market for sale for total Approx. 28,948 sqft. A rare opportunity for people who are looking for a new community to develop. Call now for more information! (id:63159)

Values & Trends

This listing

$1,945/sqft

Building average

No other active listings in this building

Burnaby average

$824/sqft

466 active listing(s)

Parking: 2 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.

Detached (House) Market Stats — Burnaby

Monthly figures from the Fraser Valley Real Estate Board for Burnaby detached (house)listings — not specific to this property.

MLS® HPI Benchmark Price

$1,863,900

Jul 2026

Average Sale Price

$1,987,969

Jul 2026

Monthly Sales

49

Jul 2026

Active Listings

463

Jul 2026

Sales-to-Active Ratio

11.0%

Jul 2026

Median Days to Contract

37 days

Jul 2026

MLS® HPI Benchmark Price

$2,170,100
$1,800,300
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: Vancouver

Mostly Cloudy

18°C

Mostly Cloudy

Humidity 83%

Wind ESE 15 km/h

Today

21°

Tonight

15°

Wednesday

18°

Wednesday night

13°

Thursday

19°

Thursday night

13°

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

8/9 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
Brentwood Park ElementaryElementary467 m
Holy Cross Elementary School(Independent)Elementary494 m
Alpha SecondarySecondary1.0 km
Parkcrest ElementaryElementary1.4 km
Outlook Secondary ProgramElementary1.5 km
Aubrey ElementaryElementary1.5 km
Kitchener ElementaryElementary1.5 km
Confederation Park ElementaryElementary1.7 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

StopTypeDistance
Eastbound Brentlawn Dr @ Beta Ave84 m
Westbound Brentlawn Dr @ Beta Ave150 m
Brentwood Station @ Bay 3187 m
Westbound Lougheed Hwy @ Beta Ave231 m
Southbound Delta Ave @ Brentlawn Dr291 m

Nearby Places

Restaurants (5+)

  • JINYA Ramen Bar · 4567 Lougheed Highway303 m
  • Bow & Stern · 4567 Lougheed Highway313 m
  • OEB Breakfast Co. · 4525 Lougheed Highway354 m
  • Steve's Poke364 m
  • Cazba Persian Grill · 4567 Lougheed Highway365 m

Cafes (5+)

  • Bubble Waffle Cafe · 4567 Lougheed Highway328 m
  • Chatime · 4567 Lougheed Highway346 m
  • Tim Hortons · Lougheed Highway350 m
  • Starbucks · 4501 Lougheed Highway447 m
  • TERAs BEAN · 1899 Willingdon Avenue551 m

Grocery (1)

  • Whole Foods Market · 4420 Lougheed Highway678 m

Parks (3)

  • Brentwood Park428 m
  • Springer Park494 m
  • Brentwood Town Centre Park Site626 m

Shopping (3)

  • Brentwood Town Centre302 m
  • The Amazing Brentwood Shopping Centre · 4567 Lougheed Highway316 m
  • Unnamed372 m

Gyms (4)

  • Evolve Strength Brentwood · 1920 Willingdon Avenue406 m
  • F45 Training · 2229 Willingdon Avenue672 m
  • 30 Minute Hit · 1801 Rosser Avenue741 m
  • Spinco794 m

Pharmacies (3)

  • London Drugs · 1920 Willingdon Avenue456 m
  • Shoppers Drug Mart · 4460 Lougheed Highway630 m
  • Brentwood Pharmacy · 4451 Lougheed Highway645 m

Banks & ATMs (5+)

  • CIBC · 4622 Brentwood Boulevard300 m
  • Scotiabank · 4615 Lougheed Highway311 m
  • BMO · Lougheed Highway323 m
  • Vancity396 m
  • Vancity396 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Similar Listings Nearby

Similar active properties nearby based on property type, price, and size.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($970,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,880,000.00
Periodic payment — Principal & Interest (monthly)$25,032.44
Additional monthly expenses (strata, tax, utilities, etc.)$724.74
Total monthly cost$25,757.18
Interest paid over 5-yr term$1,112,019.15
Balance at end of term$3,490,072.55

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$970,000
Stress test qualifying rate8.09%
Payment you must qualify for$29,835.84

Cash Needed at Closing

Minimum down payment$970,000
Estimated BC PTT$160,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,132,000

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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