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$1,575,000

5407 CANADA WAY

Burnaby BC V5E 3N5 - Deer Lake
9 bd
3.5 ba
3,124 sqft
Built 1969

About This Property

Prime Burnaby redevelopment opportunity on a rare 88 ft x 120 ft (10,560 sq ft) lot. Positioned on Canada Way, this property is zoned R1 SSMUH, allowing up to 6 units. A great prospect for builders and investors seeking scale and upside. Surrounded by key amenities, including steps away from transit, schools, major routes, and Deer Lake Park. Currently…

Features

Additional Parking
Open
Front Access
Shopping Nearby
Room measurements19 rooms
Primary BedroomMain · 11'7 × 14'11
BedroomMain · 9'6 × 9'6
BedroomMain · 7'1 × 10'8
Dining RoomMain · 8'10 × 9'5
KitchenMain · 8'9 × 11'2
Living RoomMain · 13'1 × 13'8
DenMain · 7'2 × 13'1
FoyerMain · 4'9 × 7'3
BedroomBelow · 11'3 × 12'8
BedroomBelow · 8'8 × 8'6
Flex RoomBelow · 6'10 × 13'1
KitchenBelow · 6'1 × 15'10
BedroomBelow · 8'2 × 13'1
Recreation RoomBelow · 7'6 × 19'11
BedroomBelow · 8'4 × 10'11
BedroomBelow · 9'2 × 9'8
KitchenBelow · 7'4 × 8'7
Living RoomBelow · 8'6 × 11'6
BedroomBelow · 9'7 × 9'8

Property Details

MLS NumberR3110691
Property TypeSingle Family Residence
Bedrooms9
Bathrooms3.5
Square Feet3,124
Lot Size10,560 sqft
Year Built1969
HeatingBaseboard, Forced Air, Mixed
StatusClosed
Listed ByMacdonald Realty

School Catchment

Elementary Buckingham
Secondary Burnaby Central

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$1,900,000Median home value
$118,000Median household income
79%Owner-occupied
49.2%Single-detached homes
3Avg household size
40.4Median age
50.5%Bachelor's degree or higher (25-64)
58.8%Commute under 30 min
83%Drive to work
49%Foreign-born residents
4,455Neighbourhood population

Age

Under 15: 15.8%15 to 64: 66.1%65 and over: 18.1%
  • Under 1515.8%
  • 15 to 6466.1%
  • 65 and over18.1%

Household size

  • 1 person16%
  • 230.7%
  • 318.7%
  • 419.7%
  • 5 or more15%

Language spoken at home

40.3% English mother tongue

  • Mandarin18.5%
  • Cantonese10.8%
  • English + other5.5%
  • Punjabi3.8%
  • Tagalog2.7%
  • Korean1.9%
  • All others16.5%

Mother tongue, share of 4,455 residents.

How this pocket differs

  • more children under 15 than Burnaby South 15.8% vs 12.4%
  • notably more 5+ person households than Burnaby South 15.1% vs 7.7%
  • notably fewer people living alone than Burnaby South 16.1% vs 30.4%
  • notably more 4-person households than Burnaby South 19.7% vs 12.3%
  • notably more Punjabi speakers than Burnaby South 3.8% vs 2.3%
  • Median household income is higher than Metro Vancouver $118,000 vs $90,000
  • Median dwelling value is notably higher than Metro Vancouver $1,900,000 vs $1,050,000

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

Thinking of selling in Deer Lake?

See what your home could be worth and how the local market is moving.

Monthly Cost Calculator

Estimated monthly cost $7,805
Mortgage payment$7,185
Property tax$465
Home insurance$155
Partner Rates Available Contact us for preferred mortgage rates

An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax. 5-year fixed, as of Aug 27

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