7940 BURNLAKE DRIVE
Burnaby, BC V5A2G4
$1,998,000
Open House
Sunday, September 13
2:00 PM – 4:00 PM
Sunday, September 13
2:00 PM – 4:00 PM
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Lot size
- 10,360 square feet
- Frontage
- 74 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $7,295.45 (2025)
Interior
- Basement
- Finished, Unknown, Unknown
- Heating
- Forced air, Natural gas
- Fireplace
- Yes (2)
- Appliances
- All
Exterior & Lot
- Pool
- Outdoor pool
- Lot features
- Central location
Building
- Parcel ID (PID)
- 002-501-376
Parking
- Total spaces
- 2 — covered indicated
- Features
- Garage
Listing Information
- MLS®
- R3160740
- Listed
- September 2, 2026
- Time on market
- On the market for 10 days
- Tax assessment year
- 2025
- Data last synced
- September 13, 2026
Listing provided by: Nu Stream Realty Inc. · Data source: CREA DDF.
Description
A RARE GEM in prestigious Government Rd!Stunning newly renovated 5-bedroom home on an exceptional 10,360 SQ FT HUGE south-facing CORNER LOT with roads on two sides,ample parking&valuable BACK LANE access-an incredibly rare find!Bright living room with fireplace&large bay window,dining area opening to a sunny south-facing deck&spacious kitchen with s/s appliances.The lower level features a family room with wet bar,a fully finished karaoke room with premium sound system,2 bedrooms,laundry,flex room&storage.Enjoy your private backyard oasis with a stunning pool&hot tub!Walk to Lake City SkyTrain,Burnaby Lake trails&Seaforth Elem with French Immersion! Open house Sep 5 & 6 &12 &13 (Sat&Sun) 2-4pm. Seller(s) won't review offers until 5pm on Sep 14. (id:63159)
Values & Trends
This listing
$653/sqft
Building average
—
No other active listings in this building
Burnaby average
$824/sqft
471 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: Pitt Meadows
14°C
—
Humidity 90%
Wind E 5 km/h
Today
20°
Tonight
13°
Monday
17°
Monday night
13°
Tuesday
22°
Tuesday night
12°
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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Ecole Seaforth Elementary | Elementary | 300 m |
| Burnaby Mountain Secondary | Secondary | 1.7 km |
| Forest Grove Elementary | Elementary | 2.1 km |
| Montecito Elementary | Elementary | 2.1 km |
| Lakeview Elementary | Elementary | 2.3 km |
| Cariboo Hill Secondary | Secondary | 2.4 km |
| Buckingham Elementary | Elementary | 2.4 km |
| Cameron Elementary | Elementary | 2.5 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
| Stop | Type | Distance |
|---|---|---|
| Eastbound Government Rd @ Piper Ave | — | 155 m |
| Westbound Government Rd @ Piper Ave | — | 209 m |
| Eastbound Government Rd @ 8000 Block | — | 237 m |
| Westbound Government Rd @ 8000 Block | — | 270 m |
| Eastbound Government Rd @ Jensen Place | — | 354 m |
Nearby Places
Restaurants (1)
- El Comal Mexican Food · 7650 Winston Street503 m
Cafes (1)
- Chef's Catering and Cafe · 4191 McConnell Drive616 m
Parks (4)
- Eagle Creek Ravine Park300 m
- Warner Loat Park313 m
- Burnaby Lake Regional Park481 m
- Charles Rummel Park509 m
Nearby places data: © OpenStreetMap contributors.
School district: Burnaby (SD41)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($399,600) — 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.