7441 MCKAY AVENUE
Burnaby, BC V5J3S9
$2,680,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 10,062 square feet
- Frontage
- 129 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $7,624.13 (2025)
Interior
- Basement
- Partially finished, Unknown, Unknown
- Heating
- Forced air, Natural gas
- Fireplace
- None
Parking
- Total spaces
- 2 — covered indicated
- Features
- Garage
Listing Information
- MLS®
- R3125249
- Listed
- May 19, 2026
- Time on market
- On the market for 104 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Selmak Realty Limited · Data source: CREA DDF.
Description
Prime redevelopment property with multiplex potential in a highly desirable area. Significant upside for future townhouse development through potential assembly with neighboring government-owned parcel (subject to municipal approval). Great opportunity for developers, builders, and long-term investors. (id:63159)
Values & Trends
This listing
$1,108/sqft
Building average
—
No other active listings in this building
Burnaby average
$826/sqft
466 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.
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
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
Nearest station: Vancouver
15°C
Mainly Clear
Humidity 100%
Wind ESE 13 km/h
Today
20°
Tonight
15°
Wednesday
17°
Wednesday night
14°
Thursday
18°
Thursday night
13°
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 |
|---|---|---|
| South Slope Elementary | Elementary | 446 m |
| Suncrest Elementary | Elementary | 642 m |
| Maywood Community Elementary | Elementary | 1.0 km |
| Nelson Elementary | Elementary | 1.0 km |
| Burnaby Youth Hub Secondary Program | Elementary | 1.1 km |
| Champlain Heights Community Elementary | Elementary | 1.4 km |
| Champlain Heights Annex | Elementary | 1.6 km |
| Burnaby South Secondary | Secondary | 1.8 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 |
|---|---|---|
| Westbound Rumble St @ McKay Ave | — | 130 m |
| Eastbound Rumble St @ McKay Ave | — | 156 m |
| Eastbound Rumble St @ Patterson Ave | — | 236 m |
| Northbound Patterson Ave @ Rumble St | — | 243 m |
| Southbound Patterson Ave @ Rumble St | — | 286 m |
Nearby Places
Restaurants (1)
- Club Salmon · 4394 Imperial Street700 m
Parks (4)
- David Gray Park · 7480 McKay Avenue146 m
- McKay Park351 m
- Riverway West Park · 4390 Carson Street699 m
- Kaymar Creek Ravine Park775 m
Banks & ATMs (1)
- Instacoin ATM679 m
Nearby places data: © OpenStreetMap contributors.
School district: Burnaby (SD41)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($536,000) — 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.