Property Type: Condo / ApartmentOwnership: Strata

5420 ELWYN DRIVE

Burnaby, BC V5E4A2

$2,990,000

6 bed6 bath4 parking4,810 sqftBuilt 1981
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Property Details

Property & Lot

Sub-type
House
Lot size
13,927 square feet
Frontage
89.6 feet

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$500/mo
Annual property tax
$7,055.86 (2025)

Interior

Heating
Baseboard heaters, Forced air
Fireplace
Yes (2)

Exterior & Lot

View
View
Pool
Outdoor pool

Parking

Total spaces
4 — covered indicated
Features
Garage

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3131517
Listed
June 3, 2026
Time on market
On the market for 89 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Claridge Real Estate Advisors Inc. · Data source: CREA DDF.

Description

Best location in most desirable deer lake area in Burnaby. This Spectacularly updated house comes with 6 bedrooms and 6 bathrooms on a nearly 14000 sqft lot. This house has over 700k renovation, including brand new roof, totally remodelled kitchen with wok kitchen, brand new appliances, expanded balconies for nice DEER Lake view, Enclosed solarium room for family gathering, fully upgraded deck with landscape of water features, and much more! There are 4 bedrooms on second floor, and all en-suited bathroom, plus a spacious office with own patio. Top floor comes media/entertainment room and a relax office with beautiful walk out balcony for overlooking garden and deer lake view. walk distance to Deer lake and trails. School Catchment: Buckingham Elementary and Burnaby Central Secondary! (id:63159)

Values & Trends

This listing

$622/sqft

Building average

No other active listings in this building

Burnaby average

$865/sqft

1019 active listing(s)

Parking: 4 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

22

3/9 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
Buckingham ElementaryElementary621 m
Morley ElementaryElementary1.0 km
Brantford ElementaryElementary1.2 km
Burnaby Central SecondaryK-121.3 km
Lakeview ElementaryElementary1.4 km
Deer Lake SDA School(Independent)K-121.6 km
Windsor ElementaryElementary1.7 km
St. Francis de Sales(Independent)Elementary1.7 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
Westbound Burris St @ Braemar Ave391 m
Eastbound Burris St @ Braemar Ave408 m
Westbound Burris St @ Buckingham Ave442 m
Eastbound Canada Way @ Rugby St456 m
Westbound Burris St @ Malvern Ave456 m

Nearby Places

Restaurants (4)

  • Hart House Restaurant417 m
  • Safari Snack House · 5121 Canada Way448 m
  • Deer Lake Wonton House · 5107 Canada Way457 m
  • Chettinad Dosa Palace · 5081 Canada Way465 m

Parks (4)

  • Haszard Park167 m
  • Unnamed219 m
  • Wilton Avenue Park Site560 m
  • Buckingham Park672 m

Banks & ATMs (1)

  • Bitcoin ATM Localcoin · 5962 Sperling Avenue619 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% ($598,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,392,000.00
Periodic payment — Principal & Interest (monthly)$15,432.37
Additional monthly expenses (strata, tax, utilities, etc.)$1,328.99
Total monthly cost$16,761.36
Interest paid over 5-yr term$685,554.08
Balance at end of term$2,151,611.74

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$598,000
Stress test qualifying rate8.09%
Payment you must qualify for$18,393.64

Cash Needed at Closing

Minimum down payment$598,000
Estimated BC PTT$67,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$667,200

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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