Home Burnaby, BC Burnaby Lake 7942 Lakefield Drive

7942 Lakefield Dr, Burnaby BC - Single Family Residence for Sale - MLS# R3115471

135 days on the market

$1,599,999

Est. Mortgage $7,078/mo

Listing updated: Aug 28, 2026 at 05:57pm

EstateBlock checked: Sep 6, 2026 at 01:45am

5 Beds

3 Baths

2437 sqft

657 $ /sqft

1974 built

5.8% price reduction

135 days on the market

$1,599,999

$1,699,000

Est. $7,078/mo with 20% down

Listing updated: Aug 28, 2026 at 05:57pm

EstateBlock checked: Sep 6, 2026 at 01:45am

Photos

Exterior Front Photo of 7942 Lakefield Drive, Burnaby, BC

Exterior Rear Photo of 7942 Lakefield Drive, Burnaby, BC

Living Room Photo of 7942 Lakefield Drive, Burnaby, BC

Family Room Photo of 7942 Lakefield Drive, Burnaby, BC

Dining Area Photo of 7942 Lakefield Drive, Burnaby, BC

Kitchen Photo of 7942 Lakefield Drive, Burnaby, BC

Kitchen Island Photo of 7942 Lakefield Drive, Burnaby, BC

Pantry Photo of 7942 Lakefield Drive, Burnaby, BC

Breakfast Nook Photo of 7942 Lakefield Drive, Burnaby, BC

Primary Bedroom Photo of 7942 Lakefield Drive, Burnaby, BC

Welcome to this well-maintained and updated family home offering 2363 sq ft of living space in a desirable Burnaby neighbourhood with a south facing back yard. 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. a 15 minute walk to deer lake park , a 5 min walk to Robert Burnaby trails.10 min walk to New Pedest. Overpass!

Interior Features

Basement Finished Area (sqft)	1036
Basement Features	Finished
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Fireplace	2
Heating Type	Forced Air
# of Kitchens	1
Flooring	Laminate, Tile
Foundation	Concrete Perimeter

Exterior Features

View Description	BURNABY LAKE AND MOUNTAIN
Roof	Asphalt
Structures	Residential Detached

Building Details

Price	$1,599,999
Total Bedrooms	5
Total Bathrooms	3
Full Bathrooms	2
Half Bathrooms	1
Floor Area Total (sqft)	2437
Year Built	1974
Age Of Building	52
Building Type	Single Family Residence
Property Type	Residential
Architecture Style	Split Entry
Stories	2
Ownership Type	Freehold NonStrata
Community Features	Shopping Nearby
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Garage Double, Asphalt
Total Parking Spaces	6

Lot & Land

Lot Size	7200
Lot Size Depth	Feet
Lot Size Frontage	60
MLS^® #	R3115471
Area	Burnaby South
Neighbourhood	Burnaby Lake
City	Burnaby
Postal Code	V5E 3W8
Gross Taxes	$5,626.25
Zoning	R1

Property Timeline

Status	Date	Price
R3115471 / Active	04-24-2026	$1,599,999
to view full Property History (1 earlier record)

Rooms

Floor	Type	Dimensions
Main Level	Kitchen	17'0 x 17'0 ft
Main Level	Dining Room	11'6 x 11'6 ft
Main Level	Living Room	17'6 x 17'6 ft
Main Level	Primary Bedroom	14'6 x 14'6 ft
Main Level	Bedroom	11'1 x 11'1 ft
Main Level	Bedroom	11'1 x 11'1 ft
Basement Level	Recreation Room	17'0 x 17'0 ft
Basement Level	Bedroom	12'8 x 12'8 ft
Basement Level	Bedroom	10'4 x 10'4 ft
Basement Level	Laundry	10'6 x 10'6 ft
Basement Level	Flex Room	11'0 x 11'0 ft
Main Level	Walk-In Closet	6' x 6' ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#2
Main Level	No	#4
Basement	No	#4

Listed by: Team 3000 Realty Ltd.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS^® which assumes no responsibility for its accuracy.

Map & Neighbourhood

Public Schools

Elementary
Lakeview Elementary School: Above Average 0.78 km 7.4/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
St. Francis de Sales: Above Average 2.29 km 8.7/10
Elementary,Secondary
John Knox Christian - Elementary Campus: Above Average 2.31 km 9.3/10

Closest Transit

Bus Stop
Southbound Canada Way @ Burris St: 0.48 km
Skytrain
Skytrain @ Lake City Way Stn: 2.13 km

Crime Rate

Total Crime Rate: Below Average
Violent Crime Rate: Low
Property Crime Rate: Average

Demographics

Post-Secondary Education: Average 27.9%
No Certificate/Degree: Average 14.4%
Owner Occupied: Below Average 39.4%
Employment Rate: Above Average 68.2%

Noise/ Power Lines

Road/Hwy Noise: Possible
Railway/Sky train Noise: Unlikely
Airport/Port Noise: Unlikely
Close to major Power Lines: Unlikely

Other

Agricultural Land Reserve (ALR): Unlikely
Flood Area: Unlikely
Close to Cemeteries: Unlikely

Sell Speed & Competition

64 / 100

Overall sell-speed score

Moderate pace expected

B+

Price competition grade

Avg comparable: $1,715,199

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 2.13 km from station

Road / Highway noise

Possible — major road nearby

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How BURNABY LAKE compares

This property

135 DOM

Slower than area

Burnaby Lake avg

46 DOM

Average

Burnaby avg

46 DOM

Faster market

7942 Lakefield Drive has a sell-speed score of 64/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 7.2% below comparable active properties in Burnaby Lake, which is a strong competitive signal. The local market is currently a Balanced Market with a sales-to-active ratio of 14.9% and an area average of 46 days on market — conditions are balanced. With only 195 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V5E 3W8

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5E 3W8, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality A / Excellent

Annual avg PM2.5 4.4 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Burnaby South, Burnaby (~3.6 km). Annual avg AQHI 2.2 — Low Risk.

Heat Moderate

Burnaby currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~7 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30 °C baseline, ~32.4 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.

Precipitation Increasing

Annual precipitation ~1393 mm (1981–2010 baseline), projected ~1445 mm by the 2050s. Extreme 1-day rainfall: ~47.8 mm baseline, ~53.3 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~24 days baseline, ~25 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Transit (1 nearby)

Bus stop northbound canada way @ goodlad st · 999 m · Transit

Schools NearBy

20 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Buckingham Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 651 m
Lakeview Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	7.4 / 10	Distance 776 m
Morley Elementary School	Public	Grades Served K-7	Catchment Info —	4.4 / 10	Distance 1.36 KM
Ecole Seaforth Elementary	Public	Grades Served —	Catchment Info —	7.8 / 10	Distance 1.89 KM
Brantford Elementary School	Public	Grades Served K-7	Catchment Info —	7.7 / 10	Distance 1.93 KM
Burnaby Central Secondary	Public	Grades Served —	Catchment Info —	6.6 / 10	Distance 2.15 KM
St. Francis de Sales	Independent	Grades Served K-7	Catchment Info —	8.7 / 10	Distance 2.29 KM
John Knox Christian - Elementary Campus	Independent	Grades Served —	Catchment Info —	9.3 / 10	Distance 2.31 KM
Burnaby Montessori School	Independent	Grades Served K-1	Catchment Info —	0	Distance 2.42 KM
Twelfth Avenue Elementary School	Public	Grades Served K-7	Catchment Info —	5.9 / 10	Distance 2.42 KM
New Westminster Continuing Education	Public	Grades Served —	Catchment Info —	6.7 / 10	Distance 2.48 KM
St. Thomas More Collegiate	Independent	Grades Served —	Catchment Info —	8.3 / 10	Distance 2.54 KM
Windsor Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 2.56 KM
Cariboo Hill Secondary School	Public	Grades Served 8-12	Catchment Info —	6.3 / 10	Distance 2.61 KM
Sigma	Public	Grades Served —	Catchment Info —	4.6 / 10	Distance 2.70 KM
Gilpin Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.73 KM
New Westminster Secondary School	Public	Grades Served 9-12	Catchment Info —	6.7 / 10	Distance 2.73 KM
Douglas Road Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 2.79 KM
Armstrong Elementary	Public	Grades Served —	Catchment Info —	7.3 / 10	Distance 2.88 KM
F W Howay Elementary	Public	Grades Served —	Catchment Info —	7.8 / 10	Distance 2.88 KM

Pre-computed routes from 7942 Lakefield Dr, Burnaby, BC

7942 Lakefield Dr, Burnaby, BC Lake City Way 2.1 km

56 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Lake City Way → Waterfront
56 min
Metrotown, Burnaby via Lake City Way → Metrotown
47 min
SFU Burnaby via Lake City Way → Production Way
31 min
Richmond Centre via Lake City Way → Brighouse
81 min
YVR Airport via Lake City Way → YVR-Airport
82 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
16 min
Metrotown, Burnaby via Lougheed Hwy
5 min
SFU Burnaby via Gaglardi Way
3 min
Richmond Centre via No. 3 Rd
19 min
YVR Airport via Bridgeport / Sea Island
21 min

Calculate your commute

7942 Lakefield Dr, Burnaby, BC is ideally located for commuters. The property is 2.1 km from Lake City Way, with a 56 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Southbound Canada Way @ Burris St (0.48 km). Walk Score Transit rating: Some Transit (44/100).

Walkability & Transit Near 7942 Lakefield Drive

Car-Dependent 24

Walk Score - Car-Dependent

Almost all errands require a car

Some Transit 44

Transit Score - Some Transit

A few nearby public transportation options

Somewhat
Bikeable 49

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for 7942 Lakefield Drive

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $469

Maintenance fee 0

Financing 80% of the $1,599,999 asking price over 30 years at 4% results in approximately $6,580/month in total estimated carrying costs, $469 property tax.

or Call 778-918-5990

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Listing data last synced: Aug 28, 2026

Investment Cashflow Calculator

Property Tax (Monthly)

Basic Insurance Cost

Rental Income

Vacancy Rate

Down Payment

Down Payment (percent)

/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

This listing generates an estimated $3,991/month in rental income, leaving a -$2,755/month cashflow at current carrying costs. Investors targeting break-even would need roughly 57% down.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 7942 Lakefield Drive, Burnaby

Buy Vs Rent Calculator

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Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.