5987 MALVERN AVENUE
Burnaby, BC V5E3E7
$2,699,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 11,090 square feet
- Frontage
- 75 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $7,555.37 (2025)
Interior
- Basement
- Unfinished, Unknown, Unknown
- Heating
- Electric
- Fireplace
- Yes (1)
Parking
- Total spaces
- 4 — covered indicated
- Features
- Garage
Listing Information
- MLS®
- R3148541
- Listed
- July 22, 2026
- Time on market
- On the market for 41 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Real Broker B.C. Ltd. · Data source: CREA DDF.
Description
YOUR NEXT BEST INVESTMENT! This rarely available parcel is located in Buckingham Heights - the most sought-after neighbourhood in Burnaby. This rancher with basement home sits on an expansive 11,090 sq.ft. lot with 75 feet of frontage, zoned Small-Scale Multi-Unit Housing for exceptional development potential - subdivide into TWO single-famly homes, build up to 8 units, construct your dream home, or add a secondary suite to the unfinished basement. Always verify zoning and development potential with the city. Enjoy an unbeatable location minutes to Deer Lake Beach, Royal Oak Skytrain Station, Metrotown, Brentwood Mall, and Burnaby Hospital. This is more than a property - it's a once-in-a-generation opportunity in one of Burnaby's most exclusive, established enclaves. Don't wait. (id:63159)
Values & Trends
This listing
$1,039/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
15
2/9 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 |
|---|---|---|
| Morley Elementary | Elementary | 494 m |
| Buckingham Elementary | Elementary | 549 m |
| Brantford Elementary | Elementary | 773 m |
| Lakeview Elementary | Elementary | 1.1 km |
| St. Francis de Sales(Independent) | Elementary | 1.2 km |
| Windsor Elementary | Elementary | 1.4 km |
| Burnaby Central Secondary | K-12 | 1.8 km |
| Edmonds Community Elementary | Elementary | 1.8 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 |
|---|---|---|
| Westbound Burris St @ Malvern Ave | — | 95 m |
| Eastbound Burris St @ Leibly Ave | — | 108 m |
| Westbound Burris St @ Braemar Ave | — | 226 m |
| Westbound Oakland St @ Walker Ave | — | 274 m |
| Eastbound Burris St @ Braemar Ave | — | 287 m |
Nearby Places
Parks (5+)
- Haszard Park366 m
- Unnamed387 m
- Braemar Park428 m
- Buckingham Park432 m
- Brantford School Park616 m
Banks & ATMs (1)
- Bitcoin ATM Localcoin · 5962 Sperling Avenue248 m
Nearby places data: © OpenStreetMap contributors.
School district: Burnaby (SD41)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($539,800) — 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.