4761 RIDGELAWN DRIVE

Burnaby · MLS® R3080972

1 bed · 1 bath · 2,493 sq ft · 7,260 sq ft lot · 2 parking

House · Single Family · built 1955 · 262 days on market

Listed by Raymond Leung, RE/MAX City Realty

Realtor's description

Must See! Approx. 7,260 sqft Mid-Rise development lot in Burnaby Brentwood area. Located at Ridgelawn Dr, between Beta Ave and Delta Ave. On the opposite of Brentwood Town Centre, easy access to Vancouver East & West and North Vancouver through Hwy No.1 & 7. Under R1 residential zone and 2050 Burnaby OCP, potential for up to 12 stories development. École Alpha Secondary School, Brentwood Park and Kitchener Elementary, Brentwood Park, and Willingdon Heights Park all around. Potential for 8 lots ( Approx. 56,778 SqFt) land assembly, corner 2 lots and East side 2 lots are on market for sale for total Approx. 28,948 sqft. A rare opportunity for people who are looking for a new community to develop. Call now for more information!

Property details

Type: House, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 2,493 sq ft
Lot: 7,260 sq ft
Parking: 2
Year built: 1955
Property tax: $7,197 / yr
Days on market: 262
MLS®: R3080972

Price check

2026 assessment: $2,134,600 · asking is +127%
Price per sq ft: $1,945 vs $721 median for houses in Burnaby for sale (574)

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 262 days · no price changes so far

The market here

Listed now: 58 days; median for 619 houses for sale; this one 262 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$2,134,600	$7,009

The listing shows $7,197 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

$21,731/mo

Mortgage $21,131 · Tax $600

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

estimated payment

$21,131/ monthly

loan $3,880,000

25-year amortization

down payment20% · $970,00020%+ 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: $2,459,295
property transfer tax: $160,500; BC general rate
cash to close: $1,130,500; down + PTT
total paid: $6,339,295

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: 619 m² (6,663 sq ft) · PID 003-237-087. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

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Location

BurnabyGoogle Maps ↗

Schools

Catchment schools, Burnaby School District 41

Elementary Brentwood Park Elementaryhomes in this catchment
500 m away · 1455 Delta Ave, Burnaby · 604-296-9003

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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