Property Type: Land / Lot

4761 RIDGELAWN DRIVE

Burnaby, BC V5C3Y1

$4,850,000

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Property Details

Property & Lot

Lot size
7,260 square feet

R1

Ownership & Fees

Property type
Land / Lot
Annual property tax
$7,196.88 (2025)

Interior

Fireplace
None

Listing Information

MLS®
C8075302
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. 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

Building average

No other active listings in this building

Burnaby average

$1,141/sqft

9 active listing(s)

Parking: Not indicatedStorage 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.

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

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 ElementaryElementary475 m
Holy Cross Elementary School(Independent)Elementary490 m
Alpha SecondarySecondary1.0 km
Parkcrest ElementaryElementary1.4 km
Aubrey ElementaryElementary1.5 km
Outlook Secondary ProgramElementary1.5 km
Kitchener ElementaryElementary1.6 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 Ave115 m
Brentwood Station @ Bay 3182 m
Westbound Brentlawn Dr @ Beta Ave182 m
Westbound Lougheed Hwy @ Beta Ave244 m
Southbound Delta Ave @ Brentlawn Dr274 m

Nearby Places

Restaurants (5+)

  • JINYA Ramen Bar · 4567 Lougheed Highway328 m
  • Bow & Stern · 4567 Lougheed Highway339 m
  • OEB Breakfast Co. · 4525 Lougheed Highway374 m
  • Steve's Poke393 m
  • Cazba Persian Grill · 4567 Lougheed Highway394 m

Cafes (5+)

  • Bubble Waffle Cafe · 4567 Lougheed Highway356 m
  • Chatime · 4567 Lougheed Highway374 m
  • Tim Hortons · Lougheed Highway379 m
  • Starbucks · 4501 Lougheed Highway469 m
  • TERAs BEAN · 1899 Willingdon Avenue577 m

Grocery (1)

  • Whole Foods Market · 4420 Lougheed Highway700 m

Parks (3)

  • Brentwood Park446 m
  • Springer Park465 m
  • Brentwood Town Centre Park Site597 m

Shopping (3)

  • Brentwood Town Centre332 m
  • The Amazing Brentwood Shopping Centre · 4567 Lougheed Highway345 m
  • Unnamed404 m

Gyms (3)

  • Evolve Strength Brentwood · 1920 Willingdon Avenue433 m
  • F45 Training · 2229 Willingdon Avenue683 m
  • 30 Minute Hit · 1801 Rosser Avenue768 m

Pharmacies (3)

  • London Drugs · 1920 Willingdon Avenue482 m
  • Shoppers Drug Mart · 4460 Lougheed Highway650 m
  • Brentwood Pharmacy · 4451 Lougheed Highway668 m

Banks & ATMs (5+)

  • CIBC · 4622 Brentwood Boulevard321 m
  • Scotiabank · 4615 Lougheed Highway330 m
  • BMO · Lougheed Highway349 m
  • Vancity417 m
  • Vancity418 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

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.)$599.74
Total monthly cost$25,632.18
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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