Property Type: Condo / ApartmentOwnership: Strata

PH47 5355 LANE STREET

Burnaby, BC V5H0H1

$899,000

3 bed2 bath2 parking900 sqftBuilt 2020
Get Directions

Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$461/mo
Annual property tax
$2,419.34 (2024)

Interior

Heating
Baseboard heaters
Fireplace
None

Parking

Total spaces
2 — covered indicated
Features
Garage

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3141865
Listed
July 2, 2026
Time on market
On the market for 60 days
Tax assessment year
2024
Data last synced
August 28, 2026

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

Description

Welcome to your top-floor, corner unit 3 bed home in the heart of Metrotown! Built in 2020, this bright home features 9 ft ceilings, gourmet kitchen with quartz counters, Whirlpool stainless appliances, full-size laundry & laminate flooring all throughout. 2 side-by-side parking spots with EV chargers available in the building. 1 huge storage locker. Expansive south facing balcony perfect for Bbq or unwinding. Unbeatable location -- 5 min walk to Royal Oak Skytrain, 15min walk to Metrotown Mall, and easy access to Deer Lake, Bonsor, restaurants, grocery and school. Short 20min commute to downtown Vancouver. Don't miss this rare opportunity to own a well maintained home in a highly sought after neighborhood! Open House Sun July 5 2-4pm (id:63159)

Values & Trends

This listing

$999/sqft

Building average

$840/sqft

5 active listing(s)

Burnaby average

$865/sqft

1019 active listing(s)

Parking: 2 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.

Apartment Market Stats — Burnaby

Monthly figures from the Fraser Valley Real Estate Board for Burnaby apartmentlistings — not specific to this property.

MLS® HPI Benchmark Price

$704,600

Jul 2026

Average Sale Price

$660,187

Jul 2026

Monthly Sales

170

Jul 2026

Active Listings

1,097

Jul 2026

Sales-to-Active Ratio

16.0%

Jul 2026

Median Days to Contract

30 days

Jul 2026

MLS® HPI Benchmark Price

$805,900
$700,500
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

67

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
Burnaby South SecondarySecondary697 m
Burnaby Youth Hub Secondary ProgramElementary750 m
École Marlborough ElementaryElementary876 m
Windsor ElementaryElementary929 m
Maywood Community ElementaryElementary963 m
Nelson ElementaryElementary1.0 km
Clinton ElementaryElementary1.2 km
South Slope ElementaryElementary1.4 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 Kingsway @ Denbigh Ave167 m
Eastbound Kingsway @ Grimmer St188 m
Westbound Kingsway @ Macpherson Ave230 m
Eastbound Kingsway @ Royal Oak Ave272 m
Royal Oak Station @ Platform 1316 m

Nearby Places

Restaurants (5+)

  • White Spot · 5550 Kingsway167 m
  • Jin Jiang Shanghai Restaurant · 5411 Kingsway199 m
  • Something Sweet · 6888 Royal Oak Avenue202 m
  • Pho Super Bowl · 5505 Kingsway210 m
  • Liuyishou Hotpot · 5507 Kingsway223 m

Cafes (5+)

  • Sweethoney Dessert · 5358 Grimmer Street90 m
  • Sugar Lab · 5376 Grimmer Street92 m
  • Duoduo Fruit Shop · 5318 Grimmer Street95 m
  • BenGong's Tea · 5308 Grimmer Street98 m
  • Sweet Puffin · 5252 Imperial Street178 m

Grocery (4)

  • Hannam Supermarket · 5609 Imperial Street270 m
  • Wholesale Club · 5335 Kingsway279 m
  • Ribbon · 5593 Kingsway290 m
  • Boemma Euro Foods & Deli · 5172 Kingsway299 m

Parks (4)

  • BC Parkway294 m
  • Lobley Park481 m
  • Unnamed607 m
  • Bonsor Park729 m

Gyms (2)

  • Fitness World · 5500 Kingsway113 m
  • Playground257 m

Pharmacies (3)

  • Imperial Remedy's Rx Pharmacy · 5262 Imperial Street148 m
  • London Drugs · 4970 Kingsway615 m
  • Bonsor Pharmacy & Medical Supplies677 m

Banks & ATMs (3)

  • Vancity · 5064 Kingsway471 m
  • RBC569 m
  • TD · 4994 Kingsway588 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 7.2% ($64,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$719,200.00
Periodic payment — Principal & Interest (monthly)$4,640.03
Additional monthly expenses (strata, tax, utilities, etc.)$707.96
Total monthly cost$5,348.00
Interest paid over 5-yr term$206,124.79
Balance at end of term$646,922.73

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$64,900
Stress test qualifying rate8.09%
Payment you must qualify for$6,413.94

Cash Needed at Closing

Minimum down payment$64,900
Estimated BC PTT$15,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$82,380

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.

Request more information