Property Type: Detached HouseOwnership: Freehold

7969 BURNLAKE DRIVE

Burnaby, BC V5A2G2

$2,380,000

5 bed3 bath8 parking2,641 sqftBuilt 1966
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Open House

Saturday, September 5

2:00 PM4:00 PM

Property Details

Property & Lot

Sub-type
House
Style
2 Level
Lot size
10,055 square feet
Frontage
75 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,259.69 (2025)

Interior

Heating
Forced air, Natural gas
Fireplace
Yes (2)
Appliances
All

Building

Parcel ID (PID)
003-086-640

Parking

Total spaces
8 — covered indicated
Features
Garage

Listing Information

MLS®
R3145128
Listed
July 10, 2026
Time on market
On the market for 52 days
Tax assessment year
2025
Data last synced
August 31, 2026

Listing provided by: RE/MAX Crest Realty · Data source: CREA DDF.

Description

Located in one of Burnaby's most prestigious and sought-after neighborhoods, the Government Road area, this exceptional property offers an outstanding opportunity for families, investors, or those looking to build their dream home. Situated on a spacious 10,000 sq. ft. south-facing lot, the property enjoys excellent sun exposure, an attractive street frontage, and a generous, private backyard perfect for outdoor living, entertaining, or future landscaping. The newly renovated home is move-in ready and includes a self-contained 2-bedroom rental suite, providing an excellent mortgage helper or additional income potential. The prime location combines tranquility with convenience, being within walking distance to an elementary school and just minutes from Costco, Lougheed Town Centre. (id:63159)

Values & Trends

This listing

$901/sqft

Building average

No other active listings in this building

Burnaby average

$826/sqft

466 active listing(s)

Parking: 8 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

Mainly Clear

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

15

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

SchoolTypeDistance
Ecole Seaforth ElementaryElementary299 m
Burnaby Mountain SecondarySecondary1.7 km
Forest Grove ElementaryElementary2.0 km
Montecito ElementaryElementary2.1 km
Cariboo Hill SecondarySecondary2.4 km
Lakeview ElementaryElementary2.4 km
Cameron ElementaryElementary2.4 km
Buckingham ElementaryElementary2.5 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

StopTypeDistance
Eastbound Government Rd @ Piper Ave158 m
Eastbound Government Rd @ 8000 Block165 m
Westbound Government Rd @ 8000 Block198 m
Westbound Government Rd @ Piper Ave225 m
Eastbound Government Rd @ Jensen Place391 m

Nearby Places

Restaurants (1)

  • El Comal Mexican Food · 7650 Winston Street573 m

Cafes (1)

  • Chef's Catering and Cafe · 4191 McConnell Drive688 m

Parks (4)

  • Warner Loat Park371 m
  • Eagle Creek Ravine Park371 m
  • Charles Rummel Park517 m
  • Burnaby Lake Regional Park554 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($476,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,904,000.00
Periodic payment — Principal & Interest (monthly)$12,283.96
Additional monthly expenses (strata, tax, utilities, etc.)$736.97
Total monthly cost$13,020.94
Interest paid over 5-yr term$545,691.87
Balance at end of term$1,712,654.16

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$476,000
Stress test qualifying rate8.09%
Payment you must qualify for$14,641.09

Cash Needed at Closing

Minimum down payment$476,000
Estimated BC PTT$49,400
Legal / closing costs (typical estimate)$1,500
Total cash needed$526,900

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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