House
$1,408,800
39% under assessed1 7087 Mary Avenue
Burnaby31 days on market
listed by RE/MAX Crest Realty
MLS® R3169351
5512 Dominion Street
$1,590,000
5512 Dominion Street
Burnaby · MLS® R3128957
532
2,293 sq ft · 4,376 sq ft lot · House · Single Family · built 1983 · 151 days on market
listed by Ping Liz Zhao, Royal Pacific Realty (Kingsway) Ltd.
realtor's description
Very spacious Vancouver Special with 3 bedrooms unit up and 2 bedrooms unit down. Separate entrances upper and basement units. Good and convenient location, quiet street, close to everything: BCIT, MetroTown, Brentwood Mall, Costco. Vaulted ceiling in living room. Ideal for investment or self living with a mortgage helper in basement suite. This is a SINGLE HOUSE with a duplex or multiplex price, a much much better choice for first time home buyers or investors!! Zoning of the lot allowed for semi-detached dwellings and front-to back two family dwellings. Property is tenanted and needs 24 hours notice for showings.
property details
- type
- House, Single Family
- bedrooms
- 5
- bathrooms
- 3
- living area
- 2,293 sq ft
- lot
- 4,376 sq ft
- parking
- 2
- year built
- 1983
- property tax
- $5,432 / yr
- days on market
- 151
- MLS®
- R3128957
features
- Central location
- All
monthly cost
$7,380/mo
Mortgage $6,927 · Tax $453
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
if you rented it out
- suite rent
- $1,960/mo
- your cost after the suite
- $5,752/mo
- vs $7,555 without it
Costs: mortgage $6,927 · tax $453 · insurance ~$175 · vacancy 3% · upkeep 5%.
Suite rent is today's market rent for a 1-bedroom in North Burnaby, Burnaby: CMHC's average there ($1,710) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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
BurnabyGoogle Maps ↗
Rapid transit: Holdom SkyTrain station, 1 km (about 15 min walk); Sperling–Burnaby Lake SkyTrain station, 1.4 km (about 23 min walk).
schools
Catchment schools, Burnaby School District 41
- Elementary Douglas Road Elementaryhomes in this catchment
800 m away · 4861 Canada Way, Burnaby · 604-296-9011
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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