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$1,599,999

7942 LAKEFIELD DRIVE

Burnaby · MLS® R3115471

5 bed · 3 bath · 2,437 sq ft · 7,200 sq ft lot · 6 parking

House · Single Family · built 1974 · 168 days on market

Listed by Ben Catalano, Team 3000 Realty Ltd.

Realtor's description

Welcome to this lovely family home offering 2363 square ft of living space in a desirable Burnaby neighbourhood with a south facing back yard (very Sunny). Featuring 3 bedrooms up and 2 bedrooms down, this versatile layout is perfect for growing families, multi-generational living, or those seeking suite potential. The main floor offers a bright and functional layout with spacious living and dining areas, fresh interior finishes, new flooring,new lighting, new kitchen counters/backsplash and recent paint inside and out, giving the home a clean, move-in-ready feel. The home sits accross from Robert Burnaby Park so no neighbors across the street. 60 x 120 lot size plus a lane. a 15 minute walk to deer lake park , a 5 min walk to Robert Burnaby trails.10 min walk to New Pedest. Overpass!

Property details

Type: House, Single Family
Bedrooms: 5
Bathrooms: 3
Living area: 2,437 sq ft
Lot: 7,200 sq ft
Parking: 6
Year built: 1974
Property tax: $5,626 / yr
Days on market: 168
MLS®: R3115471

Features

Central location
All

Price check

Below typical for the area (-8.9%)

2026 assessment: $1,546,000 · asking is +3.5%
Price per sq ft: $657 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 168 days · no price changes so far

The market here

Listed now: 56 days; median for 619 houses for sale; this one 168 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,546,000	$5,077

The listing shows $5,626 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

$7,440/mo

Mortgage $6,971 · Tax $469

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

estimated payment

$6,971/ monthly

loan $1,279,999

25-year amortization

down payment20% · $320,00020%+ 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: $811,313
property transfer tax: $30,000; BC general rate
cash to close: $350,000; down + PTT
total paid: $2,091,313

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: 669 m² (7,201 sq ft) · PID 002-466-546. 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 Lakeview Elementaryhomes in this catchment
800 m away · 7777 Mayfield St, Burnaby · 604-296-9018

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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