5010 Lorraine Avenue

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$1,449,000

5010 Lorraine Avenue

Burnaby · MLS® R3179991

723

2,510 sq ft · 5,304 sq ft lot · House · Single Family · built 1955 · listed today

listed by Thomas Lee, Macdonald Realty

realtor's description

Great home with seven bdrms, two baths & Hardwood floors in prime area of Central Park waiting for your decorating ideas, investors or builders. West facing 52 X 102 Ft lot with lane access and new roof (2021) is centrally located & minutes to BCIT, LaSelle Colege, Electronic Art, Central Park, Metrotown & Brentwood Town Centre Shopping areas. Inman Elementary and Moscrop Secondary catchments. Easy access to Hwy #1, public transportation including Patterson & Joyce Skytrain Stations. All showings require minimum 24 hr notice. Build up to 4 units under R1 Small-Scale Multi-Unit Housing District. Buyer to verify with the City of Burnaby.

property details

type: House, Single Family
bedrooms: 7
bathrooms: 2
living area: 2,510 sq ft
lot: 5,304 sq ft
parking: 3
year built: 1955
property tax: $6,313 / yr
days on market: 0
MLS®: R3179991

features

Central location
Washer
Refrigerator
Stove
Dryer

floor plans

found among the listing photos.

the market here

listed now: 65 days; median for 550 houses for sale; this one listed today

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

monthly cost

$6,903/mo

Mortgage $6,377 · Tax $526

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$6,377/ monthly

loan $1,159,200

25-year amortization

down payment20% · $289,80020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 30, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $753,975
property transfer tax: $26,980; BC general rate
cash to close: $316,780; down + PTT
total paid: $1,913,175

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.