5565 GILPIN STREET
Burnaby, BC V5G2H8
$1,998,800
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 10,800 square feet
- Frontage
- 60 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $7,286.5 (2025)
Interior
- Basement
- Full, Unknown, Unknown
- Heating
- Forced air, Natural gas
- Fireplace
- Yes (2)
Exterior & Lot
- View
- View
Parking
- Total spaces
- 5 — covered indicated
- Features
- Garage, RV
Listing Information
- MLS®
- R3122943
- Listed
- May 13, 2026
- Time on market
- On the market for 111 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Magsen Realty Inc. · Data source: CREA DDF.
Description
Rare opportunity to own this well-maintained home situated on a huge 10,800 square ft flat lot with desirable north-south orientation in a prime Burnaby Location! Backing directly onto a peaceful park with lane access, this property offers exceptional privacy and a spacious, fenced & gated backyard, perfect for entertaining, gardening, kids or pets. Recent updates include new paint, updated flooring in selected areas (2026), updated drainage (2025), & newer covered upper sundeck (2014). Functional layout with double garage plus 3 extra secured parking spaces. Conveniently located near parks, schools, transit, shopping & amenities. Excellent opportunity for families, investors, or builders with strong future potential in a highly desirable neighborhood!! (id:63159)
Values & Trends
This listing
$833/sqft
Building average
—
No other active listings in this building
Burnaby average
$826/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
15°C
Clear
Humidity 100%
Wind NW 5 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
11
1/9 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 |
|---|---|---|
| Deer Lake SDA School(Independent) | K-12 | 30 m |
| Gilpin Elementary | Elementary | 165 m |
| Burnaby Central Secondary | K-12 | 495 m |
| Douglas Road Elementary | Elementary | 774 m |
| Burnaby Montessori School(Independent) | Elementary | 970 m |
| Royal Oak Secondary Program | Elementary | 1.1 km |
| Take A Hike Secondary Program | Elementary | 1.1 km |
| École Marlborough Elementary | Elementary | 1.5 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 |
|---|---|---|
| Eastbound Gilpin St @ Chapple Cres | — | 46 m |
| Westbound Gilpin St @ Mahon Ave | — | 52 m |
| Westbound Gilpin St @ Gatenby Ave | — | 375 m |
| Westbound Gilpin St @ Cedarwood St | — | 390 m |
| Eastbound Gilpin St @ Royal Oak Ave | — | 408 m |
Nearby Places
Parks (3)
- Gilpin Park121 m
- Macey Park670 m
- Deer Lake Park715 m
Nearby places data: © OpenStreetMap contributors.
School district: Burnaby (SD41)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($399,760) — 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.