8256 Wedgewood Street

Burnaby · MLS® R3179927

744

4,388 sq ft · 8,517 sq ft lot · House · Single Family · built 2021 · listed today

listed by Joshanth Jeyaratnam, Macdonald Realty

realtor's description

Custom-built in 2021, this unique Burnaby residence sits directly across from Robert Burnaby Park, offering unobstructed greenery views. Featuring 7 bedrooms, a bright office, and 6 bathrooms, this home showcases premium finishes, modern technology, and thoughtful design throughout, including automated blinds, an automatic sink, and built-in speakers. The basement offers a private sauna and rec room, plus two mortgage helpers: a 2-bedroom suite and a 1-bedroom suite. The garage offers potential for a future laneway home, subject to approvals.

property details

type: House, Single Family
bedrooms: 7
bathrooms: 4
living area: 4,388 sq ft
lot: 8,517 sq ft
parking: 4
year built: 2021
property tax: $10,216 / yr
days on market: 0
MLS®: R3179927

features

Refrigerator
Dishwasher
Oven - Built-In
Washer & Dryer

the market here

listed now: 65 days; median for 550 houses for sale; this one listed today

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

monthly cost

$15,811/mo

Mortgage $14,959 · Tax $851

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$14,959/ monthly

loan $2,719,200

25-year amortization

down payment20% · $679,80020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 30, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,768,641
property transfer tax: $87,950; BC general rate
cash to close: $767,750; down + PTT
total paid: $4,487,841

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

suite rent: $2,060/mo
your cost after the suite: $14,091/mo; vs $15,986 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $14,959 · tax $851 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 2-bedroom in Southeast Burnaby, Burnaby: CMHC's average there ($1,824) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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: 772 m² (8,310 sq ft) · PID 001-436-619. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

BurnabyGoogle Maps ↗

schools

Catchment schools, Burnaby School District 41

Elementary Second Street Community Elementaryhomes in this catchment
500 m away · 7502 2nd St, Burnaby · 604-296-9029

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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