Property Type: Detached HouseOwnership: Freehold

7187 WILLINGDON AVENUE

Burnaby, BC V5J3R4

$1,799,000

2 bed2 bath3 parking1,798 sqftBuilt 1949
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Property Details

Property & Lot

Sub-type
House
Lot size
7,623 square feet
Frontage
77 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,900.61 (2025)

Interior

Basement
Full, Unknown, Unknown
Heating
Baseboard heaters, Forced air
Fireplace
None

Parking

Total spaces
3

Listing Information

MLS®
R3154650
Listed
August 11, 2026
Time on market
On the market for 20 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

Builder & Investor Alert! Exceptional redevelopment opportunity at 7187 Willingdon Avenue, Burnaby. This corner lot is situated within the R1 Small-Scale Multi-Unit Housing (SSMUH) zoning, allowing for up to 6 units under current zoning. Designated Low-Rise Apartment in the Official Community Plan (OCP), this property also presents exciting long-term redevelopment and land assembly potential. Whether you're looking to build now, hold for future appreciation, or secure a strategic investment in one of Burnaby's evolving neighbourhoods, the possibilities are endless. Conveniently located close to transit, parks, schools, shopping, and major amenities. Property is sold "As Is, Where Is." An outstanding opportunity to invest in Burnaby's future. (id:63159)

Values & Trends

This listing

$1,001/sqft

Building average

No other active listings in this building

Burnaby average

$826/sqft

466 active listing(s)

Parking: 3 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

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

3/9 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
South Slope ElementaryElementary627 m
Suncrest ElementaryElementary628 m
Maywood Community ElementaryElementary947 m
Burnaby Youth Hub Secondary ProgramElementary1.1 km
Nelson ElementaryElementary1.2 km
Champlain Heights Community ElementaryElementary1.2 km
Champlain Heights AnnexElementary1.5 km
Dr H N Maccorkindale 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
Northbound Patterson Ave @ Victory St106 m
Southbound Patterson Ave @ Victory St127 m
Southbound Patterson Ave @ Imperial St362 m
Westbound Imperial St @ McKay Ave393 m
Northbound Patterson Ave @ Rumble St394 m

Nearby Places

Restaurants (1)

  • Club Salmon · 4394 Imperial Street535 m

Parks (4)

  • David Gray Park · 7480 McKay Avenue365 m
  • McKay Park649 m
  • Maywood Park663 m
  • Suncrest Park770 m

Banks & ATMs (1)

  • Instacoin ATM502 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($359,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,439,200.00
Periodic payment — Principal & Interest (monthly)$9,285.23
Additional monthly expenses (strata, tax, utilities, etc.)$665.05
Total monthly cost$9,950.28
Interest paid over 5-yr term$412,478.86
Balance at end of term$1,294,565.05

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$359,800
Stress test qualifying rate8.09%
Payment you must qualify for$11,066.94

Cash Needed at Closing

Minimum down payment$359,800
Estimated BC PTT$33,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$395,280

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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