Property Type: Detached HouseOwnership: Freehold

5010 LORRAINE AVENUE

Burnaby, BC V5G2S2

$1,688,000

7 bed2 bath3 parking2,510 sqftBuilt 1955
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
House
Lot size
5,304 square feet
Frontage
52 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,312.87 (2025)

Interior

Basement
Full, Unknown, Unknown
Heating
Baseboard heaters, Electric, Natural gas
Fireplace
Yes (2)

Parking

Total spaces
3 — covered indicated
Features
Garage

Listing Information

MLS®
R3152268
Listed
August 4, 2026
Time on market
On the market for 27 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

Great home with seven bdrms, two baths & Hardwood floors in prime area of Central Park waiting for your decorating ideas, investors or builders. West facing 52 X 102 Ft lot with lane access and new roof (2021) is centrally located & minutes to BCIT, LaSelle Colege, Electronic Art, Central Park, Metrotown & Brentwood Town Centre Shopping areas. Inman Elementary and Moscrop Secondary catchments. Easy access to Hwy #1, public transportation including Patterson & Joyce Skytrain Stations. All showings require minimum 24 hr notice. Build up to 4 units under R1 Small-Scale Multi-Unit Housing District. Buyer to verify with the City of Burnaby. (id:63159)

Values & Trends

This listing

$673/sqft

Building average

No other active listings in this building

Burnaby average

$827/sqft

466 active listing(s)

Parking: 3 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

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

30

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
École Inman ElementaryElementary340 m
Graham Bruce Community ElementaryElementary421 m
Cascade Heights ElementaryElementary745 m
Collingwood Neighbourhood SchoolElementary814 m
St Mary's(Independent)Elementary889 m
Sir Wilfred Grenfell CommunityElementary1.0 km
Moscrop SecondarySecondary1.3 km
Chaffey-Burke 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 Smith Ave @ Belleville Ave158 m
Northbound Smith Ave @ Brandon St163 m
Northbound Smith Ave @ Price St211 m
Eastbound Burke St @ Boundary Rd262 m
Westbound Burke St @ Smith Ave268 m

Nearby Places

Restaurants (5+)

  • Blue Coast Japanese Seafood Cuisine · 3670 Vanness Avenue546 m
  • Sushi Taku · 4902 Joyce Street588 m
  • Khan Sahab Kitchen · 4942 Joyce Street604 m
  • Border Burrito · 4453 Boundary Road646 m
  • 852 Kitchen · 4963 Joyce Street651 m

Cafes (4)

  • CoCo Fresh Tea & Juice · 5066 Joyce Street668 m
  • Trees Organic Coffee · 5078 Joyce Street681 m
  • Tim Hortons · 5081 Joyce Street706 m
  • Starbucks766 m

Grocery (1)

  • Kay Market · 5169 Joyce Street773 m

Parks (5+)

  • Price Park · 3650 Price Street202 m
  • Melbourne Park · 3530 Vanness Avenue600 m
  • Aberdeen Park · 3525 Foster Avenue629 m
  • Carleton Park · 3450 Price Street685 m
  • George McLean Park708 m

Gyms (1)

  • Orijin Yoga · 3665 Kingsway749 m

Pharmacies (3)

  • Wellness Pharmacy750 m
  • Enhance RX · 3965 Kingsway779 m
  • Central Park Pharmacy · 3963 Kingsway789 m

Banks & ATMs (1)

  • Community Savings716 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($337,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,350,400.00
Periodic payment — Principal & Interest (monthly)$8,712.32
Additional monthly expenses (strata, tax, utilities, etc.)$652.07
Total monthly cost$9,364.40
Interest paid over 5-yr term$387,028.52
Balance at end of term$1,214,689.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$337,600
Stress test qualifying rate8.09%
Payment you must qualify for$10,384.10

Cash Needed at Closing

Minimum down payment$337,600
Estimated BC PTT$31,760
Legal / closing costs (typical estimate)$1,500
Total cash needed$370,860

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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