7520 Canada Way, Burnaby, BC, MLS® R3070925

$1,768,000
Est. Mortgage /mo

$1,768,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
7 Beds
4 Baths
2 Stories
lot 7922 sqft
2502 sqft
1935 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

7520 Canada Way, Burnaby, BC | MLS® R3070925 Property Details

The property sits on a 66*122 feet rectangle lot with backlane access. Total 7 bedrooms, 4 full bathrooms with over 2500 sqft living space. Basement level has two sets of one bedroom suites with separate entrances. Ground level and upper level each has two bedroom suite or can be combined with a bigger family home of four bedrooms. About 75% renovations done. The property will be sold "as is, where is". Detailed reno list can be provided upon request. The original R1 zoning changed to new R1 SSMUH District, which allows up to 6 multiunits under city's approved building designs. Great potentials for steady rental income and multi-unit development.

General Info

Price $1,768,000
Total Bedrooms 7
Total Bathrooms 4
Half Bathrooms 0
Floor Area Total (sqft) 2502
Lot Size 7922
Lot Size Depth Feet
Lot Size Frontage 66
Basement Finished
Basement Features BasementFeatures

Property Metrics

Year Built 1935
Age Of Building 90
Building Type Single Family Residence
Property Type Residential
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS® # R3070925
Area Burnaby East
Neighbourhood East Burnaby
City Burnaby
Gross Taxes $6,147.31
Ownership Type Freehold NonStrata
Maintenance Fee -

Heating & Cooling

Fireplace -
Heating Type Electric

Utilities

Utility Type Electricity Connected, Natural Gas Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public

Parking

Parking Type Other, Side Access, Gravel
Total Parking Spaces 4

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Strata Restrictions -
Rental Restrictions -
Zoning SFD
Rental Suites Unauthorized Suite
# of Kitchens 4
Flooring Laminate, Mixed
Foundation Concrete Perimeter
Locker -
View -
View Description -
Units In Development -
Exterior Features Private Yard
Sewer Public Sewer, Sanitary Sewer
Roof Asphalt

Property History

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Status Date Price
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Listed by: RE/MAX Westcoast

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.

Neighborhood Info

Public Schools

Secondary
Cariboo Hill Secondary School
1.98 km
Elementary
Twelfth Avenue Elementary School
Average
0.53 km
6.2/10

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

Private Schools

Elementary
Our Lady of Mercy School
0.75 km
10/10
Excellent
Secondary
St.Thomas More Collegiate
0.71 km

Closest Transit

Bus Stop
Southbound Canada Way @ 16 Ave
0.06 km
Skytrain
Skytrain @ Edmonds Stn
1.94 km

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

Welcome to 7520 Canada Way, a stunning property located in the heart of Burnaby, BC, proudly presented as MLS® R3070925. As we step into this beautiful home, you'll discover a fantastic community that offers the perfect blend of comfort, convenience, and lifestyle.

Let's start with the schools. Our kids will love attending Twelfth Avenue Elementary School, which is just a 0.53 km stroll from this property. With a rating of 6.2/10, this school is a great choice for families, offering a supportive environment that fosters academic growth and development. Plus, it's just a short walk from home, making it an ideal option for parents who want to ensure their child's education is top-notch.

Just down the road, you'll find Cariboo Hill Secondary School, which is 1.98 km away from this property. With a rating of No Rating, this school is a great choice for those who want a diverse and inclusive learning environment. And for families who prefer independent schools, Our Lady of Mercy School is just 0.75 km away, boasting an impressive rating of 10/10. St. Thomas More Collegiate, a nearby secondary independent school, is also just 0.71 km away, offering a unique and supportive learning environment.

Now, let's talk about safety. According to Statistics Canada's 2020 report, the crime rate near 7520 Canada Way, Burnaby, BC is 6,145.56, which is Below Average compared to other Canadian cities. This means you can enjoy peace of mind knowing that your family is safe and secure. Plus, the drug crime rate is also Below Average, with a ranking of 126.78, indicating a low incidence of illegal substances offenses.

In terms of property crimes, the rate near this property is Average, with a ranking of 3,691.76. However, the violent crime rate is impressively Low, with a ranking of 893.28, making this community an attractive option for families who value safety above all else.

Now, let's explore the lifestyle amenities in this area. Just a short walk from this property, you'll find the Southbound Canada Way @ 16 Ave bus station, making it easy to get around Burnaby without a car. And with a population density of 5041.4 people per square kilometre, you'll never be far from amenities like parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, and coffee shops.

Families will love this area because of its strong sense of community, with 71.9% of families with children and an average family size of 3 people. Plus, with a median household income of $77,995, this community is an attractive option for families who want to invest in a home without breaking the bank.

As we explore the demographics of this area, you'll discover that 26.7% of the population holds a university certificate or degree, which is Above Average compared to other BC neighborhoods. And with a median personal income of $28,282, this community is also an attractive option for families who want to balance their finances.

Unemployment rates in this area are also impressively low, with a rate of 6.8%, which is Below Average compared to other province neighborhoods. Plus, with a population change of 2.7% between 2011 and 2016, this community is experiencing Above Average growth, making it an attractive option for families who want to invest in a home with long-term potential.

As we explore the transportation options in this area, you'll discover that 25.8% of the population uses public transport, which is High compared to other areas. And with 70.3% of the population using cars, this community is also an attractive option for families who want to balance their use of personal vehicles with public transport.

Now, let's talk about the real estate context. With an average dwelling value of $1,180,386, this community is an attractive option for families who want to invest in a home with long-term potential. And with average owner payments of $1,724 and average tenant payments of $1,059, this community is also an attractive option for families who want to balance their finances.

As we explore the language spoken in this area, you'll discover that 3.9% of the population speaks both English and French, which is Low compared to other areas. However, 89% of the population speaks only English, which is Average. And with 7.2% of the population speaking neither English nor French, this community is also an attractive option for families who want to invest in a home with a diverse and inclusive community.

In terms of transportation, 25.8% of the population uses public transport, which is High compared to other areas. And with 70.3% of

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $1,768,000
Burnaby $1,866,333
East Burnaby No comparables
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

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
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
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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