6.4% price reduction

7209 Elwell St, Burnaby, BC

$1,860,000
Est. Mortgage /mo

MLS® R3017231

5 Beds
2 Baths
2060 sqft
903 $ /sqft
1949 Built
$1,860,000
$1,988,000
Est. /mo with 20% down
$903/sqft · Tax $5,718/2024
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

6.4% price reduction

Prime opportunity for approved Edmonds Community Plan redevelopment. This well-maintained, 6600 sqft flat SOUTH-FACING lot, 5 bedrooms, owner-occupied home offers flexible living with fully self-contained upper and lower suites (no interior connection), perfect for extended family or rental income. Located in a central Edmonds neighbourhood, just minutes to parks, transit, shopping, and Morley Elementary School. Quiet lot with lane access. Edmonds Community 2050 has approved low rise condo. City appraiser has confirmed six units may be built under existing R1 ssmuh district. Showings available with 24 hours’ notice. Virtual tour and floor plan available—contact listing agent for details. Welcome to check out this renovated cozy home.

General Info

Price $1,860,000
Total Bedrooms 5
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 2060
Lot Size 6600
Lot Size Depth Feet
Lot Size Frontage 55
Basement Full
Basement Features -

Property Metrics

Year Built 1949
Age Of Building 76
Building Type Single Family Residence
Property Type Residential
Stories 2
Building Features -
Structures Residential Detached

Additional Details

MLS® # R3017231
Building Name -
Area Burnaby South
Neighbourhood Highgate
City Burnaby
Postal Code V5E 1K7
Price per Sqft $903
Gross Taxes $5,717.96
Ownership Type Freehold NonStrata
Maintenance Fee -

Heating & Cooling

Fireplace 0
Heating Type Forced Air

Utilities

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

Parking

Parking Type Open, Front Access
Total Parking Spaces -
Listed by: Luxmore 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

Secondary
Burnaby Central Secondary School
2.88 km
Elementary
Morley Elementary School
0.6 km

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
0.85 km
Secondary
St.Thomas More Collegiate
1.38 km

Closest Transit

Bus Stop
Westbound Kingsway @ Walker Ave
0.35 km
Skytrain
Skytrain @ Edmonds Stn
1.10 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
14.7%
Owner Occupied
Below Average
59.7%
Employment Rate
Average
57.8%

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

Local Info

Estimated Mortgage Calculator

/month
Principal & Interest
Property Taxes $476
Maintenance fee 0
Financing 80% of the $1,860,000 asking price over 30 years at 4% results in approximately $7,580/month in total estimated carrying costs, $476 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 $6,084/month in rental income, leaving a -$1,689/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 $1,860,000
Burnaby Loading...
Highgate Loading...
There are currently no comparable Single Family Residences active in Highgate. The Burnaby-wide average for similar 5-bedroom properties is $2,027,960 (3 listings). This home is priced 8.3% below that benchmark. This property is flagged as a Hot Deal (6.4% price reduction) 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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