Property Type: Detached HouseOwnership: Freehold

8656 GILLEY AVENUE

Burnaby, BC V5J4Y5

$2,999,000

8 bed7 bath6 parking4,827 sqftBuilt 2015
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Property Details

Property & Lot

Sub-type
House
Lot size
12,275 square feet
Frontage
66.4 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$9,412.42 (2025)

Interior

Basement
Finished, Full, Separate entrance
Heating
Radiant heat, Hot Water
Fireplace
None

Parking

Total spaces
6 — covered indicated
Features
Garage

Listing Information

MLS®
R3145099
Listed
July 10, 2026
Time on market
On the market for 52 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

Luxury and craftsmanship meet on this rare 12275 square ft lot with nearly 5000sqft of refined interiors.This stunning home features the highest quality finishings, including double height ceilings, bianco carrara marble counter tops,Kingsman fireplaces, Sub-Zero and Wolf appliances and walk in cooler within wok kitchen. Large entertaining deck and exquisite landscaping all enclosed with fencing for privacy. Upstairs offers 4 ensuite bedrooms, with a master featuring a grand spa bath, two way fireplace and private balcony. Concrete decks,full security and underground electrical highlight quality. Separate entry walkout basement. Prime setting near Market Crossing, parks, schools and SkyTrain. Rear lane access provides subdivision potential to build house or multiplex options under SSMUH rules. (id:63159)

Values & Trends

This listing

$621/sqft

Building average

No other active listings in this building

Burnaby average

$827/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

44

7/9 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
Glenwood ElementaryElementary175 m
Clinton ElementaryElementary770 m
Taylor Park ElementaryElementary1.3 km
Burnaby South SecondarySecondary1.3 km
Connaught Heights ElementaryElementary1.6 km
Nelson ElementaryElementary1.7 km
Stride Avenue Community ElementaryElementary1.7 km
St. Francis de Sales(Independent)Elementary1.7 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
Eastbound Southridge Dr @ Marine Dr132 m
Westbound Marine Dr @ Gilley Ave168 m
Eastbound Marine Dr @ Gilley Ave185 m
Southbound Byrne Rd @ Meadow Ave190 m
Southbound Gilley Ave @ Keith St233 m

Nearby Places

Restaurants (5+)

  • Unnamed · 5880 Marine Drive150 m
  • Cactus Club Cafe · 7320 Market Crossing619 m
  • Agra Tandoori668 m
  • Pokérrito · 7368 Market Crossing670 m
  • Nando's · 5761 Marine Way754 m

Cafes (2)

  • Tim Hortons · 7380 Market Crossing699 m
  • Starbucks · 7585 Market Crossing754 m

Grocery (1)

  • Sungiven Foods · 5771 Marine Way785 m

Parks (2)

  • John Matthews Creek Ravine Park426 m
  • Byrne Creek Ravine Park749 m

Shopping (2)

  • Winners · 5771 Marine Way730 m
  • Canadian Tire · 7200 Market Crossing735 m

Pharmacies (1)

  • London Drugs · 7280 Marine Way791 m

Banks & ATMs (2)

  • Marine Food Market - Bitcoin Well ATM · 5886 Marine Drive147 m
  • Vancity · 7384 Market Crossing722 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($599,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,399,200.00
Periodic payment — Principal & Interest (monthly)$15,478.82
Additional monthly expenses (strata, tax, utilities, etc.)$1,025.37
Total monthly cost$16,504.19
Interest paid over 5-yr term$687,617.62
Balance at end of term$2,158,088.16

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$599,800
Stress test qualifying rate8.09%
Payment you must qualify for$18,449.01

Cash Needed at Closing

Minimum down payment$599,800
Estimated BC PTT$67,970
Legal / closing costs (typical estimate)$1,500
Total cash needed$669,270

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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