Property Type: Detached HouseOwnership: Freehold

7320 IMPERIAL STREET

Burnaby, BC V5E1N7

$1,579,000

7 bed6 bath6 parking3,061 sqftBuilt 1924
Get Directions

Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
House
Lot size
6,848 square feet
Frontage
68 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,077.64 (2025)

Interior

Basement
Full, Separate entrance, Unknown
Heating
Combination
Fireplace
Yes (1)

Parking

Total spaces
6

Listing Information

MLS®
R3154163
Listed
August 10, 2026
Time on market
On the market for 21 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Royal Pacific Realty (Kingsway) Ltd. · Data source: CREA DDF.

Description

FOR BUILDERS & SAVVY INVESTORS. This 6,848 sqft lot zoned R1-SSMUH (Small-Scale Multi-Unit Housing) permits up to 4-6 dwelling units depending on transit proximity (buyers to verify Frequent Transit Network Areas eligibility with City of Burnaby). Flexible housing types: multiplex, rowhouse, duplex etc. Possible reduced parking if within 400m of frequent transit. Existing 3,061 sqft home, with upper & basement levels tenanted, provides holding income while you plan redevelopment under this SSMUH zoning. Centrally located in Highgate near Edmonds SkyTrain, shopping, schools & major routes. This transit-oriented location strengthens long-term redevelopment viability and density potential. Call now for a private showing. (id:63159)

Values & Trends

This listing

$516/sqft

Building average

No other active listings in this building

Burnaby average

$827/sqft

466 active listing(s)

Parking: 6 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

30

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
Morley ElementaryElementary314 m
Brantford ElementaryElementary741 m
St. Francis de Sales(Independent)Elementary890 m
Lakeview ElementaryElementary1.0 km
Buckingham ElementaryElementary1.0 km
Edmonds Community ElementaryElementary1.2 km
Windsor ElementaryElementary1.3 km
Stride Avenue Community ElementaryElementary1.5 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

StopTypeDistance
Northbound Walker Ave @ Imperial Ave104 m
Southbound Salisbury Ave @ Imperial St130 m
Southbound Walker Ave @ Morley St174 m
Northbound Salisbury Ave @ McBride St210 m
Northbound Walker Ave @ Morley St231 m

Nearby Places

Restaurants (5+)

  • Rice & Noodle · 7155 Kingsway557 m
  • Fresh Box Sushi565 m
  • Me-n-Ed's · 7229 Kingsway576 m
  • Mr. Greek Donair Shop · 7155 Kingsway582 m
  • Cora618 m

Cafes (5+)

  • Tealips Cafe · 7139 Arcola Way516 m
  • Starbucks614 m
  • Macao Imperial Tea · 7337 Edmonds Street704 m
  • Waves Coffee House · 101-7315 Edmonds Street708 m
  • Edmonds Cafe722 m

Grocery (5+)

  • Jumbo Super Market · 7119 Arcola Way517 m
  • Save-On-Foods · 7155 Kingsway590 m
  • Grand Food Mart · 7351 Edmonds Street702 m
  • PriceSmart Foods · 7380 Edmonds Street737 m
  • Persia Food · 6791 Kingsway763 m

Parks (5+)

  • Unnamed480 m
  • Malvern Park538 m
  • Edmonds Park551 m
  • Braemar Park669 m
  • Brantford School Park750 m

Gyms (2)

  • Club 16 Fitness Club566 m
  • Weight/Cardio Room728 m

Pharmacies (2)

  • Shoppers Drug Mart596 m
  • Edmonds Pharmacy · 7315 Edmonds Street703 m

Banks & ATMs (5+)

  • TD618 m
  • BMO618 m
  • Unnamed624 m
  • RBC · 7297 Kingsway658 m
  • CIBC660 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($315,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,263,200.00
Periodic payment — Principal & Interest (monthly)$8,149.74
Additional monthly expenses (strata, tax, utilities, etc.)$659.47
Total monthly cost$8,809.21
Interest paid over 5-yr term$362,036.75
Balance at end of term$1,136,252.49

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$315,800
Stress test qualifying rate8.09%
Payment you must qualify for$9,713.57

Cash Needed at Closing

Minimum down payment$315,800
Estimated BC PTT$29,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$346,880

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.

Request more information