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$1,599,999

1 8483 16TH AVENUE

Burnaby · MLS® R3162001

4 bed · 4 bath · 2,201 sq ft · 8,712 sq ft lot · 2 parking

House · Single Family · built 2026 · 30 days on market

Listed by Sanj Johal, Century 21 Coastal Realty Ltd.

Realtor's description

Built by renowned Riverline Homes, designed by Kenzi Design House this unique 3 floor detached multi family home design is truly a show stopper! Offering a 4 bed & 3.5 bath layout, with one bedroom on the 1st floor that includes its own bathroom and separate entrance. Walk into your dream kitchen with panel front Fisher & Paykel appliances (5 burner gas range & integrated fridge & DW) along with a large island. The home offers custom floor to ceiling closets and resort like bathrooms with textured wall tiles and seamless walk-in showers. The home has central A/C built in along with Lutron home automation. BONUS: your own private yard, DETACHED units for privacy, and epoxy patios! a flawless execution of sophisticated design that is rarely seen in today's market.

Property details

Type: House, Single Family
Bedrooms: 4
Bathrooms: 4
Living area: 2,201 sq ft
Lot: 8,712 sq ft
Parking: 2
Year built: 2026
Days on market: 30
MLS®: R3162001

Features

Floor plans

Found among the listing photos.

Price check

Typical for the area (+0.9%)

2026 assessment: $2,609,000 · asking is -39%
Price per sq ft: $727 vs $721 median for houses in Burnaby for sale (577)
Last sold: $2,055,000 · Jun 24, 2024

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 30 days · no price changes so far

The market here

Listed now: 56 days; median for 619 houses for sale; this one 30 days

Houses in Burnaby. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$2,609,000	$8,567

Estimate: the BC Assessment value times Burnaby's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$6,971/mo

Mortgage $6,971

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$6,971/ monthly

loan $1,279,999

25-year amortization

down payment20% · $320,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $811,313
property transfer tax: $30,000; BC general rate
cash to close: $350,000; down + PTT
total paid: $2,091,313

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Suite rent: $1,564/mo
Your cost after the suite: $5,707/mo; vs $7,146 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $6,971 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom (1-bedroom for the suite) in Southeast Burnaby, Burnaby (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

Location

Lot outline: 810 m² (8,719 sq ft) · PID 032-890-532. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

BurnabyGoogle Maps ↗

Location

BurnabyGoogle Maps ↗

Schools

Catchment schools, Burnaby School District 41

Elementary Armstrong Elementaryhomes in this catchment
700 m away · 8757 Armstrong Ave, Burnaby · 604-296-9000

From the Burnaby School District 41's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

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