Property Type: Detached HouseOwnership: Freehold

8258 BURNLAKE DRIVE

Burnaby, BC V5A3K9

$4,000,000

4 bed3 bath6 parking2,793 sqftBuilt 1974
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Property Details

Property & Lot

Sub-type
House
Lot size
12,341 square feet
Frontage
56.8 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,215.48 (2025)

Interior

Heating
Forced air, Natural gas
Cooling / A/C
Air Conditioned
Fireplace
None

Parking

Total spaces
6 — covered indicated
Features
Garage, RV

Listing Information

MLS®
R3079141
Listed
January 13, 2026
Time on market
On the market for 230 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Royal Pacific Realty (Kingsway) Ltd. · Data source: CREA DDF.

Description

Prestigious Burnaby Government Road neighborhood! Extensively renovated 1970s home seamlessly blends mid-century charm with contemporary design, offering spacious open floor plan. Stunning Renovations upgrades with Open-concept kitchen, double garage, new insulation, stucco rain screen, wood-grained aluminum siding, major structural, electrical, gas & heating improvements, walk-in steam shower, tankless water heater, AC unit, Gourmet Kitchen w high grade appliance. This lot is prime candidate for future development. Located within Transit-Oriented Development Area TOA 800m Tier area & OCP Land Use Designation(Base) with Low-Rise Apartment 2 - height up to 8 storeys. Ideal holding property for future development - potential Land assembly or for extra spacious Small-Scale Multi-unit Housing. (id:63159)

Values & Trends

This listing

$1,432/sqft

Building average

No other active listings in this building

Burnaby average

$825/sqft

466 active listing(s)

Parking: 6 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

7

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
Ecole Seaforth ElementaryElementary942 m
Burnaby Mountain SecondarySecondary1.1 km
Cameron ElementaryElementary1.8 km
Forest Grove ElementaryElementary1.8 km
Stoney Creek Community ElementaryElementary2.0 km
Cariboo Hill SecondarySecondary2.0 km
Armstrong ElementaryElementary2.0 km
Lyndhurst ElementaryElementary2.3 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 Government Rd @ 8300 Block182 m
Eastbound Government Rd @ 8300 Block199 m
Eastbound Government Rd @ Lakedale Ave215 m
Westbound Government Rd @ Lakedale Ave294 m
Westbound Government Rd @ Brighton Ave343 m

Nearby Places

Restaurants (2)

  • Sushia638 m
  • Foodies on Board · 3290 Production Way685 m

Pharmacies (1)

  • Costco Pharmacy560 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($800,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,200,000.00
Periodic payment — Principal & Interest (monthly)$20,645.31
Additional monthly expenses (strata, tax, utilities, etc.)$824.62
Total monthly cost$21,469.94
Interest paid over 5-yr term$917,129.20
Balance at end of term$2,878,410.35

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$800,000
Stress test qualifying rate8.09%
Payment you must qualify for$24,606.88

Cash Needed at Closing

Minimum down payment$800,000
Estimated BC PTT$118,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$919,500

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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