5561 SMITH AVENUE
Burnaby, BC V5H2K7
$2,300,000
Amenities
Also listed: Laundry - In Suite
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 6,254 square feet
- Frontage
- 59 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,947.52 (2025)
Interior
- Basement
- Partially finished, Unknown, Unknown
- Fireplace
- None
Parking
- Total spaces
- 2 — uncovered indicated
- Features
- Tandem
Listing Information
- MLS®
- R3105412
- Listed
- March 31, 2026
- Time on market
- On the market for 153 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Royal Pacific Realty (Kingsway) Ltd. · Data source: CREA DDF.
Description
59x106 Lot Size. Value is in the land for future development. Community Plan(s) OCP: Mid-Rise Apartment 2 - 20 Storeys, LAP: Metrotown - High Density Residential RM5 (Max 2.6 FSR Mid rise residential buildings), not in ALR as per AutoProp. (id:63159)
Values & Trends
This listing
$1,691/sqft
Building average
—
No other active listings in this building
Burnaby average
$824/sqft
466 active listing(s)
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
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
Nearest station: Vancouver
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
48
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
| School | Type | Distance |
|---|---|---|
| École Inman Elementary | Elementary | 563 m |
| Collingwood Neighbourhood School | Elementary | 903 m |
| Graham Bruce Community Elementary | Elementary | 954 m |
| Dr H N Maccorkindale Elementary | Elementary | 985 m |
| St Mary's(Independent) | Elementary | 1.0 km |
| Chaffey-Burke Elementary | Elementary | 1.1 km |
| Cascade Heights Elementary | Elementary | 1.3 km |
| Sir Wilfred Grenfell Community | Elementary | 1.4 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
| Stop | Type | Distance |
|---|---|---|
| Northbound Boundary Rd @ Vanness Ave | — | 233 m |
| Eastbound Kingsway @ Smith Ave | — | 245 m |
| Westbound Kingsway @ Boundary Rd | — | 252 m |
| Eastbound Kingsway @ Boundary Rd | — | 280 m |
| Westbound Vanness Ave @ Boundary Rd | — | 291 m |
Nearby Places
Restaurants (5+)
- Cantaritos · 3823 Kingsway168 m
- Blue Coast Japanese Seafood Cuisine · 3670 Vanness Avenue311 m
- Ban Bu Xian Szechuan Cuisine · 3665 Kingsway322 m
- Michi Craft Kitchen · 3665 Kingsway371 m
- Kimshaker Resto · 4091 Kingsway492 m
Cafes (5+)
- Starbucks352 m
- Sharetea · 3619 Kingsway441 m
- Jack's Spot · 3615 Kingsway450 m
- Snackshot · 3595 Kingsway485 m
- Happy Lemon · 3520 Kingsway657 m
Grocery (1)
- Africana General Market · 3543 Kingsway597 m
Parks (5+)
- George McLean Park411 m
- Aberdeen Park · 3525 Foster Avenue512 m
- Foster Park · 5501 Aberdeen Street618 m
- Unnamed660 m
- Melbourne Park · 3530 Vanness Avenue676 m
Gyms (2)
- Orijin Yoga · 3665 Kingsway366 m
- Odokan Karate · 3465 Kingsway788 m
Pharmacies (3)
- Central Park Pharmacy · 3963 Kingsway297 m
- Enhance RX · 3965 Kingsway300 m
- The Medicine Shoppe · 4277 Kingsway799 m
Banks & ATMs (2)
- Bitcoin ATM Localcoin · 3527 Kingsway641 m
- Bitcoin ATM Coinsite · 3497 Kingsway721 m
Nearby places data: © OpenStreetMap contributors.
School district: Burnaby (SD41)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($460,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.