Property Type: Detached HouseOwnership: Freehold

7605 LAWRENCE DRIVE

Burnaby, BC V5A3M6

$1,985,000

5 bed3 bath4 parking2,544 sqftBuilt 1978
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Property Details

Property & Lot

Sub-type
House
Style
3 Level
Lot size
8,002 square feet
Frontage
101 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,741.62 (2025)

Interior

Basement
Full, Unknown, Unknown
Heating
Forced air, Electric
Fireplace
Yes (2)
Appliances
All

Exterior & Lot

Lot features
Central location, Private setting

Building

Parcel ID (PID)
002-940-116

Parking

Total spaces
4 — covered indicated
Features
Garage

Listing Information

MLS®
R3122221
Listed
May 11, 2026
Time on market
On the market for 112 days
Tax assessment year
2025
Data last synced
August 31, 2026

Listing provided by: Macdonald Realty Westmar · Data source: CREA DDF.

Description

Welcome to this bright and beautifully maintained family home in the highly sought-after Montecito neighborhood of Burnaby. Situated on a spacious 8,000 sq. ft. corner lot, this impressive residence offers 5 bedrooms and 3 bathrooms, providing exceptional space and comfort for growing families. Pride of ownership is evident throughout, with numerous quality updates completed over the years, including exterior and interior painting, a beautifully renovated kitchen, updated bathrooms and laundry room, newer flooring throughout, replaced all windows, skylight, roof, driveway and a newer furnace. The bright and functional layout offers an abundance of natural light and excellent flow for everyday living and entertaining. Conveniently located close to Camrose Park, transit, and recreation. This is a wonderful opportunity to own a move-in ready home in one of Burnaby's most desirable family communities. (id:63159)

Values & Trends

This listing

$780/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

Partly Cloudy

14°C

Partly Cloudy

Humidity 100%

Wind ESE 12 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

7

1/9 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
Ecole Seaforth ElementaryElementary812 m
Montecito ElementaryElementary1.0 km
Sperling ElementaryElementary1.6 km
Forest Grove ElementaryElementary2.0 km
Lochdale Community ElementaryElementary2.1 km
Burnaby Mountain SecondarySecondary2.4 km
Burnaby Montessori School(Independent)Elementary2.5 km
Parkcrest ElementaryElementary2.7 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 Broadway @ Lawrence Dr400 m
Northbound Lake City Way @ Venture St405 m
Eastbound Broadway @ Camrose Dr411 m
Eastbound Broadway @ Lawrence Dr418 m
Lake City Way Station @ Platform 1431 m

Nearby Places

Parks (3)

  • Eagle Creek Ravine Park398 m
  • Camrose Park463 m
  • Charles Rummel Park608 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($397,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,588,000.00
Periodic payment — Principal & Interest (monthly)$10,245.24
Additional monthly expenses (strata, tax, utilities, etc.)$688.80
Total monthly cost$10,934.04
Interest paid over 5-yr term$455,125.36
Balance at end of term$1,428,411.14

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$397,000
Stress test qualifying rate8.09%
Payment you must qualify for$12,211.16

Cash Needed at Closing

Minimum down payment$397,000
Estimated BC PTT$37,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$436,200

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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