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$2,888,000

5675 LAUREL STREET

Burnaby · MLS® R3162496

9 bed · 10 bath · 4,254 sq ft · 6,398 sq ft lot · 4 parking

House · Single Family · built 2024 · 31 days on market

Listed by Adam Senuik, Oakwyn Realty Ltd.

Realtor's description

2024 Built Luxury Mansion with mountain views in Central Burnaby. Providing endless options for your use! Includes a legal 2 bed suite, a 1 bed suite & an in-law suite; all with separate entry & laundry! A stunning open concept home with 9 bedrooms, 9 full bathrooms in the home & a 10th bathroom in the garage. Thoughtfully designed allowing incredible income potential or multigenerational housing while keeping privacy for everyone. Main portion includes radiant heating, central A/C, security system, 2 kitchens with high-end appliances, HUGE covered patios & MORE!! Beautiful mountain views throughout the home & patios. Dbl garage with back lane access & additional parking available. Landscaping upgrades by the seller. Central to BCIT, Burnaby Lake, Brentwood, skytrain & more with easy HWY access.

Property details

Type: House, Single Family
Bedrooms: 9
Bathrooms: 10
Living area: 4,254 sq ft
Lot: 6,398 sq ft
Parking: 4
Year built: 2024
Property tax: $9,088 / yr
Days on market: 31
MLS®: R3162496

Features

Central location
All
Central Vacuum
Oven - Built-In

Floor plans

Found among the listing photos.

Price check

Typical for the area (-5.8%)

2026 assessment: $2,675,000 · asking is +8.0%
Price per sq ft: $679 vs $721 median for houses in Burnaby for sale (574)
Last sold: $3,029,250 · Mar 27, 2025

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 31 days · no price changes so far

The market here

Listed now: 58 days; median for 619 houses for sale; this one 31 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$2,675,000	$8,784

The listing shows $9,088 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

$13,340/mo

Mortgage $12,583 · Tax $757

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

estimated payment

$12,583/ monthly

loan $2,310,400

25-year amortization

down payment20% · $577,60020%+ 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: $1,464,422
property transfer tax: $64,640; BC general rate
cash to close: $642,240; down + PTT
total paid: $3,774,822

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.

If you rented it out

Suite rent: $1,813/mo
Your cost after the suite: $11,847/mo; vs $13,515 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $12,583 · tax $757 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) in Central Park/Metrotown, Burnaby (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; 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

Lot outline: 595 m² (6,405 sq ft) · PID 002-006-430. 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 Douglas Road Elementaryhomes in this catchment
500 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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