$5,880,000

5688 BUCHANAN STREET

Burnaby · MLS® R2948052

7 bed · 4 bath · 3,115 sq ft · 7,560 sq ft lot · 7 parking

House · Single Family · built 2005 · 675 days on market

Listed by Rodney Liu, Hooli Homes Realty

Realtor's description

Attention Developers and Investors! Fantastic opportunity in Burnaby's Transit Oriented Development! This single family home is ideally situated within 400m from Holdom Sky-Train Station. With new provincial legislation in place, the property now permits a multi-family building of up to 20 storeys, FSR 5.0 with assembly

Property details

Type: House, Single Family
Bedrooms: 7
Bathrooms: 4
Living area: 3,115 sq ft
Lot: 7,560 sq ft
Parking: 7
Year built: 2005
Property tax: $6,707 / yr
Days on market: 675
MLS®: R2948052

Features

Price check

2026 assessment: $2,090,000 · asking is +181%
Price per sq ft: $1,888 vs $721 median for houses in Burnaby for sale (576)

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 675 days · no price changes so far

The market here

Listed now: 57 days; median for 619 houses for sale; this one 675 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$2,090,000	$6,863

The listing shows $6,707 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

$26,178/mo

Mortgage $25,619 · Tax $559

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

estimated payment

$25,619/ monthly

loan $4,704,000

25-year amortization

down payment20% · $1,176,00020%+ 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: $2,981,579
property transfer tax: $212,000; BC general rate
cash to close: $1,388,000; down + PTT
total paid: $7,685,579

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: 699 m² (7,524 sq ft) · PID 009-994-751. 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 Parkcrest Elementaryhomes in this catchment
400 m away · 6055 Halifax St, Burnaby · 604-296-9039

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.

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.