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$3,199,888

40 SEA AVENUE

Burnaby · MLS® R3164911

5 bed · 5 bath · 4,030 sq ft · 4,026 sq ft lot · 3 parking

House · Single Family · built 2026 · 25 days on market

Listed by Karolina Crane, RE/MAX Crest Realty

Open house · Saturday, October 10, 12:30pm–2pm

Realtor's description

Luxury, lifestyle & breathtaking views in this brand-new Capitol Hill masterpiece. Features 5 bedrooms, 5 bathrooms, legal 1-bedroom suite & detached double garage w/level 2 outlets. Open-concept living designed for seamless living & entertaining, showcasing a stunning chef's kitchen with Fisher & Paykel appliances, Statuario quartz countertops, Bosh dishwasher, custom soft-close cabinetry & German wide plank oak flooring. Built with energy efficiency, HRV ventilation, Low-E windows & airtight construction. Enjoy a spacious recreation room, versatile loft lounge w/built-in bar & a spectacular rooftop terrace with panoramic views of Burrard Inlet & North Shore Mountains. Walking distance to excellent schools, parks, & outdoor recreation. Open House 12:30 - 2pm on Sat,Oct 10th

Property details

Type: House, Single Family
Bedrooms: 5
Bathrooms: 5
Living area: 4,030 sq ft
Lot: 4,026 sq ft
Parking: 3
Year built: 2026
Property tax: $6,328 / yr
Days on market: 25
MLS®: R3164911

Features

Central location
Private setting
Wet bar
All
Oven - Built-In

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+10%)

2026 assessment: $1,694,000 · asking is +89%
Price per sq ft: $794 vs $721 median for houses in Burnaby for sale (583)
Last sold: $1,555,000 · Mar 17, 2025

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 25 days · no price changes so far

The market here

Listed now: 53 days; median for 625 houses for sale; this one 25 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,694,000	$5,563

The listing shows $6,328 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

$14,469/mo

Mortgage $13,942 · Tax $527

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

estimated payment

$13,942/ monthly

loan $2,559,910

25-year amortization

down payment20% · $639,97820%+ 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: $1,622,571
property transfer tax: $77,994; BC general rate
cash to close: $717,972; down + PTT
total paid: $4,182,482

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: $1,710/mo
Your cost after the suite: $13,071/mo; vs $14,644 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $13,942 · tax $527 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) in North 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: 371 m² (3,993 sq ft) · PID 012-154-512. 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 Capitol Hill Elementaryhomes in this catchment
300 m away · 350s Holdom Ave, Burnaby · 604-296-9006

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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