$1,898,000

8915 MONROE AVENUE

Burnaby · MLS® R3132404

6 bed · 3 bath · 2,621 sq ft · 7,722 sq ft lot · 4 parking

House · Single Family · built 1971 · 127 days on market

Listed by Tim Wang, Royal Pacific Realty (Kingsway) Ltd.

Realtor's description

Ideal for both owner-occupancy and investment, Great mountain view, now is tenanted for $4500/month, this two-storey detached home in Burnaby sits on a large lot measuring 7,722 sq. ft with 78 frontage.; the entire parcel features no slopes, Accommodating six bedrooms and three bathrooms, the property enjoys an outstanding location with superb everyday convenience: 2-minutes walk to the local elementary school and a 5-minute stroll to the secondary school, steps away from a community park within a mature, strip mall, secure and peaceful residential neighbourhood, only a 3-minutew drive to Lougheed Mall and 15 minutes to Metrotown. R1 zoning, excellent opportunity for development.

Property details

Type: House, Single Family
Bedrooms: 6
Bathrooms: 3
Living area: 2,621 sq ft
Lot: 7,722 sq ft
Parking: 4
Year built: 1971
Property tax: $6,092 / yr
Days on market: 127
MLS®: R3132404

Price check

Typical for the area (+0.5%)

2026 assessment: $1,735,000 · asking is +9.4%
Price per sq ft: $724 vs $721 median for houses in Burnaby for sale (577)
Last sold: $1,785,000 · Sep 18, 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 127 days · no price changes so far

The market here

Listed now: 56 days; median for 619 houses for sale; this one 127 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,735,000	$5,697

The listing shows $6,092 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

$8,777/mo

Mortgage $8,269 · Tax $508

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

estimated payment

$8,269/ monthly

loan $1,518,400

25-year amortization

down payment20% · $379,60020%+ 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: $962,421
property transfer tax: $35,960; BC general rate
cash to close: $415,560; down + PTT
total paid: $2,480,821

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: 717 m² (7,718 sq ft) · PID 005-772-010. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

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Location

BurnabyGoogle Maps ↗

Schools

Catchment schools, Burnaby School District 41

Elementary Armstrong Elementaryhomes in this catchment
200 m away · 8757 Armstrong Ave, Burnaby · 604-296-9000

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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