7969 Burnlake Dr, Burnaby BC - Single Family Residence for Sale - MLS# R3145128

60 days on the market
$2,380,000
Est. Mortgage $10,529/mo
Listing updated:
EstateBlock checked:
5 Beds
3 Baths
2641 sqft
901 $ /sqft
1966 built
37.7% cheaper than comps
60 days on the market
$2,380,000
Est. $10,529/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 7969 Burnlake Drive

37.7% cheaper than comps

Located in one of Burnaby's most prestigious and sought-after neighborhoods, the Government Road area, this exceptional property offers an outstanding opportunity for families, investors, or those looking to build their dream home. Situated on a spacious 10,000 sq. ft. south-facing lot, the property enjoys excellent sun exposure, an attractive street frontage, and a generous, private backyard perfect for outdoor living, entertaining, or future landscaping. The newly renovated home is move-in ready and includes a self-contained 2-bedroom rental suite, providing an excellent mortgage helper or additional income potential. The prime location combines tranquility with convenience, being within walking distance to an elementary school and just minutes from Costco, Lougheed Town Centre.

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Fireplace 2
Heating Type Forced Air, Natural Gas
# of Kitchens 2
Flooring Laminate, Mixed, Tile
Foundation Concrete Perimeter

Exterior Features

Exterior Features Balcony
Roof Asphalt
Structures Residential Detached

Building Details

Price $2,380,000
Total Bedrooms 5
Total Bathrooms 3
Full Bathrooms 3
Half Bathrooms 0
Floor Area Total (sqft) 2641
Year Built 1966
Age Of Building 60
Building Type Single Family Residence
Property Type Residential
Stories 2
Ownership Type Freehold NonStrata
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Garage Triple, Front Access
Total Parking Spaces 8
Rental Suites Unauthorized Suite

Lot & Land

Lot Size 10055
Lot Size Depth Feet
Lot Size Frontage 75
MLS® # R3145128
Area Burnaby North
Neighbourhood Government Road
City Burnaby
Postal Code V5A 2G2
Gross Taxes $7,259.69
Zoning RES

Property Timeline

Status Date Price
R3145128 / Active 07-08-2026 $2,380,000
Rooms
Floor Type Dimensions
Below Living Room 13'9 x 13'9 ft
Below Kitchen 13'9 x 13'9 ft
Below Dining Room 13'9 x 13'9 ft
Below Foyer 11'1 x 11'1 ft
Below Bedroom 12'1 x 12'1 ft
Below Bedroom 9'4 x 9'4 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4
Main Level Yes #3
Below No #4

Listed by: RE/MAX Crest Realty

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

Secondary
Burnaby Mountain Secondary School
Above Average 1.67 km 7.1/10

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

Private Schools

Elementary,Secondary
John Knox Christian - Elementary Campus
Above Average 2.79 km 9.3/10
Elementary,Secondary
John Knox Christian - Elementary Campus
Above Average 2.79 km 9.3/10

Closest Transit

Bus Stop
Eastbound Government Rd @ Piper Ave
0.16 km
Skytrain
Skytrain @ Lake City Way Stn
0.66 km

Crime Rate

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

Demographics

Post-Secondary Education
Above Average 39.6%
No Certificate/Degree
Below Average 9.9%
Owner Occupied
Below Average 46.4%
Employment Rate
Average 63.5%

Noise/ Power Lines

Road/Hwy Noise
Unlikely
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

66 / 100
Overall sell-speed score
Likely within weeks
A+
Price competition grade
Avg comparable: $3,277,260
Buyer's
Market conditions
Buyer's market — more supply than demand
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 0.66 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How GOVERNMENT ROAD compares
This property
60 DOM
Slower than area
Government Road avg
37 DOM
Average
Burnaby avg
37 DOM
Faster market

7969 Burnlake Drive has a sell-speed score of 66/100, placing it in the "Expected to sell within weeks" band. The listing is priced 37.7% below comparable active properties in Government Road, which is a strong competitive signal. The local market is currently a Buyer's Market with a sales-to-active ratio of 9.7% and an area average of 37 days on market — buyers have more leverage. With only 247 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is likely to sell within a few weeks.

Climate Risk for V5A 2G2

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5A 2G2, 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 B / Good

Annual avg PM2.5 5.2 µg/m³ — meets Canada's CAAQS (BC ENV 2024). Nearest station: New Westminster Sapperton Park, New Westminster (~3.8 km). Annual avg AQHI 0 — 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 (2 nearby)

  • Skytrain @ lake city way stn station · 658 m · Transit
  • Bus stop eastbound government rd @ brighton ave · 995 m · Transit

Groceries (1 nearby)

  • Pbf pita bread factory factory outlet · 287 m · Bakery

Restaurants (1 nearby)

  • El comal mexican food · 571 m · Restaurant

Cafes (1 nearby)

  • Chef's catering and cafe · 686 m · Cafe

Schools NearBy

13 Schools are within 3km

School Type Grades Served Catchment Info Rating Distance

Ecole Seaforth Elementary

Public

Grades Served

Catchment Info

7.8 / 10

Distance

302 m

Burnaby Mountain Secondary School

Public

Grades Served

8-12

Catchment Info

In Catchment
7.1 / 10

Distance

1.67 KM

Forest Grove Elementary School

Public

Grades Served

K-7

Catchment Info

6.2 / 10

Distance

1.98 KM

Montecito Elementary School

Public

Grades Served

K-7

Catchment Info

7.3 / 10

Distance

2.13 KM

Stoney Creek Community Elementary

Public

Grades Served

Catchment Info

6.7 / 10

Distance

2.37 KM

Lakeview Elementary School

Public

Grades Served

K-7

Catchment Info

7.4 / 10

Distance

2.40 KM

Cameron Elementary

Public

Grades Served

Catchment Info

6.5 / 10

Distance

2.43 KM

Buckingham Elementary School

Public

Grades Served

K-7

Catchment Info

7.4 / 10

Distance

2.47 KM

Armstrong Elementary

Public

Grades Served

Catchment Info

7.3 / 10

Distance

2.50 KM

Cariboo Hill Secondary School

Public

Grades Served

8-12

Catchment Info

6.3 / 10

Distance

2.58 KM

Sperling Elementary School

Public

Grades Served

K-7

Catchment Info

7.5 / 10

Distance

2.73 KM

John Knox Christian - Elementary Campus

Independent

Grades Served

Catchment Info

9.3 / 10

Distance

2.79 KM

Lyndhurst Elementary School

Public

Grades Served

K-7

Catchment Info

0

Distance

2.92 KM

Pre-computed routes from 7969 Burnlake Dr, Burnaby, BC

By transit (Skytrain)

  • Downtown Vancouver via Lake City Way → Waterfront
    38 min
  • Metrotown, Burnaby via Lake City Way → Metrotown
    29 min
  • SFU Burnaby via Lake City Way → Production Way
    13 min
  • Richmond Centre via Lake City Way → Brighouse
    63 min
  • YVR Airport via Lake City Way → YVR-Airport
    64 min

By car (off-peak)

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

Calculate your commute

7969 Burnlake Dr, Burnaby, BC is ideally located for commuters. The property is 0.7 km from Lake City Way, with a 38 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Eastbound Government Rd @ Piper Ave (0.16 km). Walk Score Transit rating: Excellent Transit (71/100).

Walkability & Transit Near 7969 Burnlake Drive

Walk Score Badge
Car-Dependent 50

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 71

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
51

Bike Score - Bikeable

Some bike infrastructure

Mortgage Calculator for 7969 Burnlake Drive

/month
Principal & Interest
Property Taxes $605
Maintenance fee 0
Financing 80% of the $2,380,000 asking price over 30 years at 4% results in approximately $9,695/month in total estimated carrying costs, $605 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:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
This listing generates an estimated $6,849/month in rental income, leaving a -$3,060/month cashflow at current carrying costs. Investors targeting break-even would need roughly 47% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 7969 Burnlake Drive, Burnaby

Buy Vs Rent Calculator

/ month
Rent
Own
Principal: Interest, tax, insurance, fees:

Rent vs own

Principal paid off by year 5
Principal paid off by year 10

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.

Price vs Neighbourhood Average — Government Road, Burnaby

Beds Home Types Square Feet Lot Size Year Built
This Home $2,380,000
Burnaby Loading...
Government Road Loading...

Based on 2 comparable active Single Family Residences in Government Road, the average asking price is $3,820,417. This listing is priced 37.7% below the neighbourhood average. This property is flagged as a Hot Deal (37.7% cheaper than comparables) based on its competitive pricing and market demand.

Data is based on list prices of similar active listings. 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Call or Text Now!

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 13+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 7969 Burnlake Drive

Walk Score Badge
Car-Dependent 50

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 71

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
51

Bike Score - Bikeable

Some bike infrastructure

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