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$8,500,000

5111 IMPERIAL STREET

Burnaby · MLS® C8080639

16,301 sq ft lot

House · Multi-family · built 1965 · 78 days on market

Listed by Adil Dinani, Royal LePage West Real Estate Services

Realtor's description

Strategic corner site, steps from Metrotown. Under the RM-4s designation and within the TOA designation - 200 meters from skytrain. This prime highrise development site is located just minutes away from Royal Oak Sky Train Station and is within short walking distance to a myriad of local restaurants, boutique stores, and popular parks. Along with the attraction of a quiet residential neighborhood, a major appeal is the site's proximity to Metropolis at Metrotown, the largest shopping Center in British Columbia and the host of nearly 400 stores and services. 21 Units fully rented and solid income while waiting for permits. Neighbouring site also available for consolidation. Prime opportunity in Burnaby's most desirable community. Call today for our marketing package.

Property details

Type: House, Multi-family
Lot: 16,301 sq ft
Parking: 0
Year built: 1965
Property tax: $41,580 / yr
Days on market: 78
MLS®: C8080639

Price check

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 78 days

The market here

Listed now: 58 days; median for 619 houses for sale; this one 78 days

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

Monthly cost

$40,499/mo

Mortgage $37,034 · Tax $3,465

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

estimated payment

$37,034/ monthly

loan $6,800,000

25-year amortization

down payment20% · $1,700,00020%+ 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: $4,310,105
property transfer tax: $343,000; BC general rate
cash to close: $2,043,000; down + PTT
total paid: $11,110,105

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: 759 m² (8,170 sq ft) · PID 002-947-455. 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 Maywood Community Elementaryhomes in this catchment
700 m away · 4567 Imperial St, Burnaby · 604-296-9022

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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