4990 EMPIRE DRIVE

Burnaby · MLS® R3169421

1 bath · 1,744 sq ft · 6,940 sq ft lot · 3 parking

House · Single Family · built 1940 · 15 days on market

Listed by Tatum Fitton, ComFree

Realtor's description

A tremendous development opportunity in prime Capital Hill, with panoramic views of Burnaby, Richmond, Vancouver, downtown, Burrard Inlet, and the North Shore mountains. Steps from a bus stop and highly walkable: 15-min to Confederation Park Elementary (0.3 km); 1.0 km to Alpha Secondary. Note: House on property, sold as-is, where-is. interior access not permitted

Property details

Type: House, Single Family
Bathrooms: 1
Living area: 1,744 sq ft
Lot: 6,940 sq ft
Parking: 3
Year built: 1940
Property tax: $5,593 / yr
Days on market: 15
MLS®: R3169421

Price check

2026 assessment: $1,644,000 · asking is +70%
Price per sq ft: $1,606 vs $721 median for houses in Burnaby for sale (577)

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 15 days · no price changes so far

The market here

Listed now: 56 days; median for 619 houses for sale; this one 15 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,644,000	$5,398

The listing shows $5,593 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

$12,665/mo

Mortgage $12,199 · Tax $466

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

estimated payment

$12,199/ monthly

loan $2,239,999

25-year amortization

down payment20% · $560,00020%+ 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: $1,419,799
property transfer tax: $62,000; BC general rate
cash to close: $622,000; down + PTT
total paid: $3,659,798

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: 642 m² (6,910 sq ft) · PID 012-153-257. 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 Confederation Park Elementaryhomes in this catchment
400 m away · 4715 Pandora St, Burnaby · 604-296-9010

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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