Land Value only

5010 Lorraine Ave, Burnaby, BC

$1,750,000
Est. Mortgage /mo

MLS® R3051449

7 Beds
2 Baths
2510 sqft
697 $ /sqft
1955 built
$1,750,000
$1,828,000
Est. /mo with 20% down
$697/sqft · Tax $6,313/2025
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

Property Details & Specs

Land Value only

Great tenants with great income for investors or builder. W facing 52x102 lot with backlane located in Unbeatable quiet Central Park neighbourhood, 1 blk east of Boundary Rd. Close to parks, easy access to Hwy #1, bus stops are 2 blocks away, 10 min walk to Joyce-Collingwood Station. Mins drive to BCIT, LaSalle College, Electronic Art, Central Park, Metrotown & Brentwood Town Centre shopping areas. Inman Elementary & Moscrop Secondary catchments. R1 Small-Scale Multi-Unit. Land Value with solid house. Biz license renewal annually. Approx. $5K/mo rental income. New roof 2021. Available showing schedule: Tue. & Thur. 1~2PM, Sun. 12~1PM. DON'T DISTURB TENANTS!

General Info

Price $1,750,000
Total Bedrooms 7
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 2510
Lot Size 5304
Lot Size Depth Feet
Lot Size Frontage 52
Basement Finished
Basement Features -

Property Metrics

Year Built 1955
Age Of Building 71
Building Type Single Family Residence
Property Type Residential
Architecture Style Basement Entry
Stories 1
Appliances Included Refrigerator, Stove
Building Features -
Structures Residential Detached

Additional Details

MLS® # R3051449
Building Name -
Area Burnaby South
Neighbourhood Central Park BS
City Burnaby
Postal Code V5G 2S2
Price per Sqft $697
Gross Taxes $6,312.87
Ownership Type Freehold NonStrata
Maintenance Fee -

Heating & Cooling

Fireplace 1
Heating Type Baseboard, Electric, Natural Gas

Utilities

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

Parking

Parking Type Garage Double, Lane Access
Total Parking Spaces 2
Listed by: Macdonald 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.

Neighborhood & Transit Info

Public Schools

Elementary
École Inman Elementary
Average
0.42 km
6.3/10
Secondary
Moscrop Secondary School
1.33 km

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

Private Schools

Elementary
St.Mary's School
0.87 km
Secondary
Whytecliff Agile Learning Centre (Burnaby)
1.6 km

Closest Transit

Bus Stop
Southbound Smith Ave @ Belleville Ave
0.16 km
Skytrain
Skytrain @ Joyce Stn
0.74 km

Crime Rate

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

Demographics

Post-Secondary Education
Average
32.1%
No Certificate/Degree
Average
15%
Owner Occupied
Below Average
43%
Employment Rate
Above Average
71.3%

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

Local Info

Estimated Mortgage Calculator

/month
Principal & Interest
Property Taxes $526
Maintenance fee 0
Financing 80% of the $1,750,000 asking price over 30 years at 4% results in approximately $7,210/month in total estimated carrying costs, $526 property tax.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Estimated Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
This listing generates an estimated $5,795/month in rental income, leaving a -$1,597/month cashflow at current carrying costs. Investors targeting break-even would need roughly 40% down.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Home Price Evaluation Chart

Beds Home Types Square Feet Lot Size Year Built
This Home $1,750,000
Burnaby Loading...
Central Park BS Loading...
There are currently no active comparable Single Family Residences in Burnaby to benchmark against. Check back as new listings enter the market. This property is flagged as a Hot Deal (Land Value only) 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

Property FAQs

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Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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