7258 RIDGE DRIVE
Burnaby, BC V5A1B5
$1,388,000
Property Details
Property & Lot
- Lot size
- 7,847 square feet
- Frontage
- 37 feet
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $6,402.19 (2025)
Interior
- Fireplace
- None
Listing Information
- MLS®
- R3142450
- Listed
- July 3, 2026
- Time on market
- On the market for 59 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Dracco Pacific Realty · Data source: CREA DDF.
Description
Development opportunity in an established Burnaby neighbourhood. This 7,847 sq.ft. vacant R1-zoned lot falls within Burnaby's Small-Scale Multi-Unit Housing (SSMUH) framework, with the potential for up to six residential units, subject to City of Burnaby regulations and buyer verification. With no existing structure, the property is ready for redevelopment. The lot configuration and site conditions require careful planning and may be best suited for experienced builders or developers. Land is sold as is, where is. Buyer to conduct their own due diligence regarding zoning, development potential, servicing, lot configuration, and all municipal requirements. (id:63159)
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Burnaby average
$1,141/sqft
9 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.
Location Insights
Weather
Nearest station: Vancouver
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
19
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
| School | Type | Distance |
|---|---|---|
| Westridge Elementary | Elementary | 914 m |
| Lochdale Community Elementary | Elementary | 1.3 km |
| Burnaby North Secondary | Secondary | 1.8 km |
| Montecito Elementary | Elementary | 2.1 km |
| Capitol Hill Elementary | Elementary | 2.1 km |
| Aubrey Elementary | Elementary | 2.3 km |
| Sperling Elementary | Elementary | 2.3 km |
| Parkcrest Elementary | Elementary | 2.5 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 Hastings St @ Duthie Ave | — | 353 m |
| Northbound Inlet Dr @ Ridge Dr | — | 396 m |
| Westbound Hastings St @ Duthie Ave | — | 400 m |
| Southbound Duthie Ave @ Hastings St | — | 410 m |
| Southbound Inlet Dr @ Ridge Dr | — | 460 m |
Nearby Places
Cafes (1)
- Blossom Teas289 m
Parks (5+)
- Unnamed389 m
- Unnamed401 m
- Duthie-Union Park450 m
- Lou Moro Park585 m
- Duthie-Union Park650 m
Gyms (1)
- Unnamed527 m
Nearby places data: © OpenStreetMap contributors.
School district: Burnaby (SD41)
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
4.9 km away
Explore More Homes
Mortgage & Ownership Cost Calculator
Minimum required: 8.2% ($113,800) — 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.