Property Type: Detached HouseOwnership: Freehold

7055 GRAY AVENUE

Burnaby, BC V5J3Y9

$2,350,000

4 bed5 bath4 parking3,421 sqftBuilt 1995
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Property Details

Property & Lot

Sub-type
House
Lot size
9,879 square feet
Frontage
50 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$10,044.82 (2026)

Interior

Basement
Finished, Separate entrance, Unknown
Heating
Radiant heat, Natural gas, Hot Water
Fireplace
Yes (2)

Parking

Total spaces
4 — covered indicated
Features
Garage

Listing Information

MLS®
R3117796
Listed
April 30, 2026
Time on market
On the market for 123 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: RE/MAX Crest Realty · Data source: CREA DDF.

Description

METROTOWN. RARELY AVAILABLE. Huge 50 x 198 (9879 sq ft) level lot with back lane access in one of Burnaby´s most desirable area and convenience. Custom built 3-level, 3,421 square ft family home offering 4 bedrooms, a covered sundeck overlooking a gorgeous inground pool, and a huge kiwi fruit tree to enjoy in the fall. Whether you´re looking to live, hold, or explore future building potential, this property checks all the boxes with excellent lot dimensions, lane access, and a prime location. Opportunities like this are becoming increasingly scarce. Walk to Metrotown Shopping, Crystal Mall, Bonsor Rec Centre, transit and SkyTrain. Close to Riverway Golf Course & Driving Range and Central Park. School catchments: South Slope Elementary and Burnaby South Secondary. A rare offering in an unbeatable location. (id:63159)

Values & Trends

This listing

$687/sqft

Building average

No other active listings in this building

Burnaby average

$827/sqft

466 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.

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

41

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

SchoolTypeDistance
Burnaby Youth Hub Secondary ProgramElementary341 m
Maywood Community ElementaryElementary358 m
South Slope ElementaryElementary451 m
Nelson ElementaryElementary601 m
Burnaby South SecondarySecondary1.2 km
École Marlborough ElementaryElementary1.3 km
Suncrest ElementaryElementary1.4 km
Chaffey-Burke ElementaryElementary1.7 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 Imperial St @ Waverley Ave289 m
Westbound Imperial St @ Frederick Ave292 m
Northbound Sussex Ave @ Victory St383 m
Northbound Sussex Ave @ Hurst St384 m
Westbound Imperial St @ Dow Ave384 m

Nearby Places

Restaurants (5+)

  • Alvin Garden · 4850 Imperial Street447 m
  • Jia Wei Restaurant · 4854 Imperial Street456 m
  • Club Salmon · 4394 Imperial Street478 m
  • ZUBU Ramen · 4575 Central Boulevard507 m
  • SoBu · 4498 Beresford Street606 m

Cafes (5+)

  • La foret · 6848 Jubilee Avenue372 m
  • 101 BoBA599 m
  • Tim Hortons667 m
  • Chayan671 m
  • Estea Cafe · 4466 Beresford Street686 m

Grocery (2)

  • 大統華 T&T Supermarket · 4800 Kingsway588 m
  • Walmart Supercentre · 4545 Central Boulevard594 m

Parks (5+)

  • Ledingham Park · 7298 Jubilee Avenue326 m
  • Unnamed492 m
  • Bonsor Park501 m
  • David Gray Park · 7480 McKay Avenue655 m
  • BC Parkway743 m

Shopping (2)

  • Muji · 4700 Kingsway710 m
  • Metropolis at Metrotown · 4700 Kingsway756 m

Pharmacies (5+)

  • Imperial Neighbourhood Pharmacy · 4648 Imperial Street255 m
  • Innwell Pharmacy · 4655 Central Boulevard477 m
  • Walmart Pharmacy · 4545 Central Boulevard614 m
  • Shoppers Drug Mart · 4800 Kingsway663 m
  • Bonsor Pharmacy & Medical Supplies741 m

Banks & ATMs (5+)

  • Instacoin ATM508 m
  • CIBC635 m
  • CIBC637 m
  • Unnamed660 m
  • CIBC · 4700 Kingsway727 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($470,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,880,000.00
Periodic payment — Principal & Interest (monthly)$12,129.12
Additional monthly expenses (strata, tax, utilities, etc.)$1,008.07
Total monthly cost$13,137.19
Interest paid over 5-yr term$538,813.40
Balance at end of term$1,691,066.08

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$470,000
Stress test qualifying rate8.09%
Payment you must qualify for$14,456.54

Cash Needed at Closing

Minimum down payment$470,000
Estimated BC PTT$48,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$520,000

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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