Property Type: Detached HouseOwnership: Freehold

7016 SIERRA DRIVE

Burnaby, BC V5A1A5

$1,788,000

3 bed2 bath2 parking1,914 sqftBuilt 1950
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
House
Lot size
7,200 square feet
Frontage
60 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,131.24 (2025)

Interior

Basement
Full, Unknown, Unknown
Heating
Forced air
Fireplace
Yes (1)

Exterior & Lot

View
View

Parking

Total spaces
2 — covered indicated
Features
Detached Garage, Garage

Listing Information

MLS®
R3150898
Listed
July 29, 2026
Time on market
On the market for 33 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

Rare 7,200 sqft view lot in highly desirable Burnaby North (Westridge) offering stunning water and North Shore mountain views and exceptional future potential. The existing home is currently tenanted, providing immediate rental income, and has been updated with a heat pump (2023), new roof (2025), and a fully renovated bathroom. Perfect for builders, investors, or those planning a future custom home, this property combines flexibility, location, and income potential. Conveniently close to transit, parks, shopping, and top-rated schools including Westridge Elementary and Burnaby North Secondary. (id:63159)

Values & Trends

This listing

$934/sqft

Building average

No other active listings in this building

Burnaby average

$826/sqft

466 active listing(s)

Parking: 2 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

5/9 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
Westridge ElementaryElementary631 m
Lochdale Community ElementaryElementary1.3 km
Burnaby North SecondarySecondary1.3 km
Capitol Hill ElementaryElementary1.6 km
Aubrey ElementaryElementary1.9 km
Montecito ElementaryElementary2.3 km
Parkcrest ElementaryElementary2.3 km
Sperling ElementaryElementary2.4 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
Northbound Inlet Dr @ Ridge Dr194 m
Southbound Inlet Dr @ Ridge Dr211 m
Northbound Inlet Dr @ Hastings St375 m
Southbound Inlet Dr @ Bayview Dr443 m
Eastbound Hastings St @ Inlet Dr472 m

Nearby Places

Restaurants (5+)

  • The Peri Peri Shack675 m
  • The Gathering Cafe · 6668 Hastings Street722 m
  • Saray Turkish Cuisine · 6633 Hastings Street725 m
  • North Burnaby Wonton House729 m
  • Hong Sushi · 6636 Hastings Street737 m

Cafes (1)

  • Blossom Teas353 m

Parks (5+)

  • Unnamed210 m
  • Unnamed219 m
  • Lou Moro Park312 m
  • Westridge Park351 m
  • Duthie-Union Park757 m

Gyms (5+)

  • Unnamed386 m
  • Burnaby Karate Academy · 6735 Hastings Street642 m
  • Athena Fencing Club · 6637 Hastings Street716 m
  • Kraken Fitness718 m
  • Driftwood Athletics · 6628 Hastings Street771 m

Banks & ATMs (2)

  • TD655 m
  • Scotiabank655 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($357,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,430,400.00
Periodic payment — Principal & Interest (monthly)$9,228.46
Additional monthly expenses (strata, tax, utilities, etc.)$606.94
Total monthly cost$9,835.39
Interest paid over 5-yr term$409,956.75
Balance at end of term$1,286,649.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$357,600
Stress test qualifying rate8.09%
Payment you must qualify for$10,999.28

Cash Needed at Closing

Minimum down payment$357,600
Estimated BC PTT$33,760
Legal / closing costs (typical estimate)$1,500
Total cash needed$392,860

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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