Property Type: Detached HouseOwnership: Freehold

7516 LAMBETH DRIVE

Burnaby, BC V5E1Z4

$2,988,000

5 bed4 bath4 parking3,933 sqftBuilt 1979
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Property Details

Property & Lot

Sub-type
House
Lot size
9,888 square feet
Frontage
112 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$9,087.89 (2025)

Interior

Basement
Full, Unknown, Unknown
Heating
Forced air, Natural gas
Fireplace
Yes (2)

Exterior & Lot

View
View

Parking

Total spaces
4 — covered indicated
Features
Garage

Listing Information

MLS®
R3152275
Listed
August 4, 2026
Time on market
On the market for 27 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Sutton Centre Realty · Data source: CREA DDF.

Description

This stunning and nicely renovated nearly 4,000 square foot home in the highly sought-after Buckingham Heights neighborhood offers an exceptional blend of space, comfort, and modern elegance. Situated on an expansive 9,888 square foot lot with an impressive 112-foot frontage, the property provides both privacy and curb appeal in one of Burnaby´s most desirable areas. Tastefully remodeled, this home features a beautiful brand new kitchen with brand-new quartz counters, sleek cabinetry, new light fixtures and high-end stainless steel LG appliances, perfect for both everyday living and entertaining guests. Step outside to a gorgeous sundeck that overlooks the spacious backyard or simply relax and take in the scenary. **Open House** on Saturday and Sunday August 8 & 9 from 3-5 pm. (id:63159)

Values & Trends

This listing

$760/sqft

Building average

No other active listings in this building

Burnaby average

$826/sqft

466 active listing(s)

Parking: 4 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

2/9 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
Buckingham ElementaryElementary350 m
Morley ElementaryElementary508 m
Brantford ElementaryElementary944 m
Lakeview ElementaryElementary949 m
St. Francis de Sales(Independent)Elementary1.4 km
Windsor ElementaryElementary1.5 km
Edmonds Community ElementaryElementary1.7 km
Burnaby Central SecondaryK-121.8 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

StopTypeDistance
Westbound Burris St @ Braemar Ave169 m
Eastbound Burris St @ Braemar Ave176 m
Westbound Burris St @ Buckingham Ave273 m
Westbound Burris St @ Malvern Ave284 m
Eastbound Burris St @ Leibly Ave316 m

Nearby Places

Parks (5+)

  • Buckingham Park217 m
  • Braemar Park254 m
  • Haszard Park394 m
  • Unnamed503 m
  • Malvern Park610 m

Banks & ATMs (1)

  • Bitcoin ATM Localcoin · 5962 Sperling Avenue462 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($597,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,390,400.00
Periodic payment — Principal & Interest (monthly)$15,422.05
Additional monthly expenses (strata, tax, utilities, etc.)$954.32
Total monthly cost$16,376.37
Interest paid over 5-yr term$685,095.51
Balance at end of term$2,150,172.53

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$597,600
Stress test qualifying rate8.09%
Payment you must qualify for$18,381.34

Cash Needed at Closing

Minimum down payment$597,600
Estimated BC PTT$67,640
Legal / closing costs (typical estimate)$1,500
Total cash needed$666,740

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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