2640 BAINBRIDGE AVENUE

Burnaby · MLS® R3124100

4 bed · 4 bath · 3,325 sq ft · 21,824 sq ft lot · 4 parking

House · Single Family · built 1975 · 147 days on market

Listed by Peter Jian, Hugh & McKinnon Realty Ltd.

Realtor's description

Exceptional development opportunity in the heart of North Burnaby. This 1/2 acre property is designated under the Burnaby OCP as Low-Rise Apartment (2-8 Storeys) and is located within a Transit-Oriented Development Area, offering tremendous future redevelopment potential. Centrally positioned with convenient access to SkyTrain, major transit routes, Brentwood, Lougheed, SFU, shopping, parks, and everyday amenities. Surrounded by several major master-planned communities and ongoing redevelopment projects, this site is ideally situated in one of Burnaby´s most rapidly evolving neighbourhoods. Rare chance for builders, developers, and investors to secure a large assembly-style property with significant upside potential. Don´t miss this outstanding opportunity in a high-growth location.

Property details

Type: House, Single Family
Bedrooms: 4
Bathrooms: 4
Living area: 3,325 sq ft
Lot: 21,824 sq ft
Parking: 4
Year built: 1975
Property tax: $12,363 / yr
Days on market: 147
MLS®: R3124100

Price check

2026 assessment: $3,359,800 · asking is +34%
Price per sq ft: $1,353 vs $721 median for houses in Burnaby for sale (576)
Last sold: $3,450,000 · Oct 10, 2023

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 147 days · no price changes so far

The market here

Listed now: 58 days; median for 619 houses for sale; this one 147 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$3,359,800	$11,033

The listing shows $12,363 a year in property tax.

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

$20,636/mo

Mortgage $19,606 · Tax $1,030

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$19,606/ monthly

loan $3,600,000

25-year amortization

down payment20% · $900,00020%+ 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: $2,281,821
property transfer tax: $143,000; BC general rate
cash to close: $1,043,000; down + PTT
total paid: $5,881,821

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.

Location

Lot outline: 696 m² (7,492 sq ft) · PID 002-761-734. 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 Montecito Elementaryhomes in this catchment
500 m away · 2176 Duthie Ave, Burnaby · 604-296-9023

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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