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$1,788,000

7016 SIERRA DRIVE

Burnaby · MLS® R3150898

3 bed · 2 bath · 1,914 sq ft · 7,200 sq ft lot · 2 parking

House · Single Family · built 1950 · 70 days on market

Listed by Soheil Farahmand, eXp Realty

Rare 7,200 sqft view lot in highly desirable Burnaby North (Westridge) offering stunning water and North Shore mountain views and exceptional future potential. The existing home is currently tenanted, providing immediate rental income, and has been updated with a heat pump (2023), new roof (2025), and a fully renovated bathroom. Perfect for builders, investors, or those planning a future custom home, this property combines flexibility, location, and income potential. Conveniently close to transit, parks, shopping, and top-rated schools including Westridge Elementary and Burnaby North Secondary.

Type: House, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 1,914 sq ft
Lot: 7,200 sq ft
Parking: 2
Year built: 1950
Property tax: $6,131 / yr
Days on market: 70
MLS®: R3150898

Above typical for the area (+29%)

Price per sq ft: $934 vs $722 median for houses in Burnaby for sale (564)

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.

Central location
Cul-de-sac
Private setting
All

On market 70 days

Listed now: 57 days; median for 565 houses for sale; this one 70 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

$8,301/mo

Mortgage $7,790 · Tax $511

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

estimated payment

$7,790/ monthly

loan $1,430,400

25-year amortization

down payment20% · $357,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $906,643
property transfer tax: $33,760; BC general rate
cash to close: $391,360; down + PTT
total paid: $2,337,043

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.

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