Property Type: Land / LotOwnership: Freehold

7447 - 7453 14TH AVENUE

Burnaby, BC V3N1Z8

$4,715,000

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Property Details

Property & Lot

Lot size
26,280.32 square feet
Frontage
131 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$15,275.41 (2025)

Interior

Fireplace
None

Listing Information

MLS®
R3089233
Listed
February 12, 2026
Time on market
On the market for 201 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX Real Estate Services · Data source: CREA DDF.

Description

Claire Group is excited to present investors with a unique redevelopment opportunity for this 0.60-acre parcel in Burnaby. Buyers benefit from a redevelopment application at third reading for 21 townhouses with 1 level of underground parking. The city's OCP designated these properties as Low Rise Apartment 2, allowing for a rental building up to 6 stories. Buyers should consult with the City of Burnaby with any inquiries. (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Burnaby average

$1,141/sqft

9 active listing(s)

Parking: Not indicatedStorage 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.

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

33

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
St. Thomas More Collegiate(Independent)Secondary390 m
Edmonds Community ElementaryElementary519 m
Our Lady of Mercy(Independent)Elementary528 m
Twelfth Avenue ElementaryElementary538 m
SigmaSecondary868 m
Lord Kelvin ElementaryElementary1.1 km
New Westminster SecondarySecondary1.2 km
Stride Avenue Community ElementaryElementary1.2 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
Eastbound 14 Ave @ Kingsway169 m
Westbound 14 Ave @ Kingsway197 m
Southbound Kingsway @ 12 Ave360 m
Northbound Kingsway @ 12 Ave395 m
Eastbound 14 Ave @ 15 St493 m

Nearby Places

Restaurants (5+)

  • Oh! Zzhu Sam Korean Restaurant · 7506 Edmonds Street539 m
  • Balkan House Restaurant · 7530 Edmonds Street550 m
  • Abyssinia · 7546 Edmonds Street564 m
  • Aangan Indian Cuisine · 7487 Edmonds Street573 m
  • Bún Riêu Phương Nam · 7405 Edmonds Street586 m

Cafes (5+)

  • Mineiros Brazilian Bistro · 7542 Edmonds Street561 m
  • Little Cockatoo · 7548 Edmonds Street566 m
  • Mostafa Coffee House · 7411 Edmonds Street581 m
  • Edmonds Cafe583 m
  • You N Me' Cafe · 921 Twelfth Street610 m

Grocery (3)

  • Langley Farm Market · 7815 Kingsway374 m
  • PriceSmart Foods · 7380 Edmonds Street618 m
  • Grand Food Mart · 7351 Edmonds Street649 m

Parks (5+)

  • Hilda Park322 m
  • Ernie Winch Park425 m
  • Mary Avenue Park480 m
  • Unnamed698 m
  • Edmonds Park758 m

Gyms (1)

  • Weight/Cardio Room576 m

Pharmacies (3)

  • Apoteka Pharmacy · 7487 Edmonds Street554 m
  • Edmonds Pharmacy · 7315 Edmonds Street723 m
  • PharmaChoice · 866 Twelfth Street739 m

Banks & ATMs (3)

  • Gulf & Fraser · 7310 Kingsway670 m
  • Bitcoin ATM Coinsite · 7329 Edmonds Street691 m
  • Waves - Edmonds - Bitcoin Well ATM · 7315 Edmonds Street743 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($943,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,772,000.00
Periodic payment — Principal & Interest (monthly)$24,335.66
Additional monthly expenses (strata, tax, utilities, etc.)$1,272.95
Total monthly cost$25,608.61
Interest paid over 5-yr term$1,081,066.04
Balance at end of term$3,392,926.20

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$943,000
Stress test qualifying rate8.09%
Payment you must qualify for$29,005.36

Cash Needed at Closing

Minimum down payment$943,000
Estimated BC PTT$153,750
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,098,250

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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