$1,998,800

5565 GILPIN STREET

Burnaby · MLS® R3122943

4 bed · 3 bath · 2,400 sq ft · 10,800 sq ft lot · 5 parking

House · Single Family · built 1969 · 150 days on market

Listed by Kai Ying Lu, Magsen Realty Inc.

Realtor's description

Rare opportunity to own this well-maintained home situated on a huge 10,800 square ft flat lot with desirable north-south orientation in a prime Burnaby Location! Backing directly onto a peaceful park with lane access, this property offers exceptional privacy and a spacious, fenced & gated backyard, perfect for entertaining, gardening, kids or pets. Recent updates include new paint, updated flooring in selected areas (2026), updated drainage (2025), & newer covered upper sundeck (2014). Functional layout with double garage plus 3 extra secured parking spaces. Conveniently located near parks, schools, transit, shopping & amenities. Excellent opportunity for families, investors, or builders with strong future potential in a highly desirable neighborhood!!

Property details

Type: House, Single Family
Bedrooms: 4
Bathrooms: 3
Living area: 2,400 sq ft
Lot: 10,800 sq ft
Parking: 5
Year built: 1969
Property tax: $7,287 / yr
Days on market: 150
MLS®: R3122943

Features

Central location
Private setting
Refrigerator
Stove
Washer & Dryer

Price check

Above typical for the area (+16%)

2026 assessment: $2,081,000 · asking is -4.0%
Price per sq ft: $833 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 150 days · no price changes so far

The market here

Listed now: 56 days; median for 619 houses for sale; this one 150 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$2,081,000	$6,833

The listing shows $7,287 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

$9,316/mo

Mortgage $8,709 · Tax $607

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

estimated payment

$8,709/ monthly

loan $1,599,040

25-year amortization

down payment20% · $399,76020%+ 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: $1,013,534
property transfer tax: $37,976; BC general rate
cash to close: $437,736; down + PTT
total paid: $2,612,574

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: 1,003 m² (10,796 sq ft) · PID 002-994-178. 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 Gilpin Elementaryhomes in this catchment
200 m away · 5490 Eglinton St, Burnaby · 604-296-9014

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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