Vancouver Price Drop

Documenting Vancouver real estate price movements

Burnaby Spotlight – July 21, 2012

Here are the top 10 properties currently listed in Burnaby with the largest overall drop in asking price since early March

Some Highlights

  • It takes a 17% drop to make this top 10, the same as last month and higher than the 15% from two months ago
  • South Slope is the top area in the list with 3 listings in the top 7 drops
  • 3 of the top 4 listings are empty homes judging by the pictures
  • 3 of the 8 listings with assessment info are now below assessment

Address:8443 13TH AV, East Burnaby, Burnaby

March 09 V933528 $1,888,000 $0 0%
April 11 V933528 $1,500,000 $-388,000 -21%
May 08 V933528 removed
May 11 V949298 $1,399,000 $-489,000 -26%

Assessment: $1,020,000

This spacious custom built home is not to be missed! The upper level has over 1100 sq.ft. and has four bedrooms and 3 bathrooms, while the basement is over 1400 sq.ft. with 3 bedrooms and 2 bathrooms. The main floor is also over 1400 sw.ft. and has a family room, living room, bathroom, dining room, eating nook, and kitchen. The kitchen is open concept with rich, darker cabinets and granite counters. There are two fireplaces on the main level as well, both gas fuelled. Enjoy the outdoor patio and backyard, complete with a detached two car garage. This home is great for families, with great schools and parks within walking distance.


Address:7333 BARNET RD, Westridge, Burnaby

April 21 V944674 $999,999 $0 0%
May 05 V944674 $869,900 $-130,099 -13%
May 24 V944674 $795,000 $-204,999 -20%
July 17 V944674 $749,000 $-250,999 -25%

Assessment: $673,300

Some view.


Address:# 47 3960 CANADA WY, Burnaby Hospital, Burnaby

March 14 V936828 $349,900 $0 0%
March 28 V936828 $328,800 $-21,100 -6%
April 28 V936828 $314,900 $-35,000 -10%
Open House: May 20
May 23 V936828 removed
May 28 V952738 $275,900 $-74,000 -21%
Open House: Jun 09
Open House: Jun 16

Assessment: $259,200

Beautiful, spacious 1 bedroom corner unit with it’s own private entrance & large patio, rarely becomes available in Lodges in popular Cascade Village. Nicely kept unit.Wood burning fireplace gives a country style feeling to this cozy apartment. Top of the line new appliances, newer hot water tank & in suite laundry. Complex has a very nice recreation facility with indoor pool, weight room, 2 theater rooms & party room looking out to landscaped green area. This kind of unit rarely becomes available.


Address:4361 CARSON ST, South Slope, Burnaby

March 29 V939742 $1,699,000 $0 0%
May 23 V939742 $1,499,000 $-200,000 -12%
June 28 V939742 removed
July 02 V959872 $1,348,888 $-350,112 -21%

Assessment: Building Unfinished at time of Assessment

Custom built home located in prime area of south Burnaby. Quiet neighbourhood close to schools & transportation. 3 minutes drive to Metrotown facing south higher side of park. 7 bedrooms, 6 baths, large master bedroom with ensuite. Option for 2 suites downstairs. glazed stained maple kitchen with granite counter tops air condition HRV, Stucco, tile foof, china kitchen. Double car garage, lots of parking at front. Ready to move. All measurements are approximate. Casll LS for more info. Buyer ot verify.


Address:7545 WHELEN CT, Deer Lake, Burnaby

March 09 V932130 $1,877,000 $0 0%
May 16 V932130 $1,777,000 $-100,000 -5%
June 06 V932130 removed
June 11 V955744 $1,499,000 $-378,000 -20%

Assessment: $1,611,000

RARE & PRESTIGIOUS! Tranquil “Stanley Park” like setting w/ stunning elevated vista views. Highly desired & rarely available large property (over 15,000 sqft) in Deer Lake/Buckingham Heights. Extensively updated modern post & beam mid-century home! Long time owner, renovations include new kitchen, bathrooms, windows, roof, hardwood floors, deck covering, & new 2 car enclosed garage. Low maintenance yard, professionally landscaped. Floor to ceiling windows, lots of natural light, bright, open layout, vaulted ceilings & skylights. Grand marble slab kitchen-island, stainless steel appliances & appointments. Flexible layout, potential self contained nanny’s quarters. Walk to Deer Lake, in Buckingham Heights School catchment!


Address:4891 NEVILLE ST, South Slope, Burnaby

March 09 V932526 $2,188,000 $0 0%
April 09 V932526 $1,939,000 $-249,000 -11%
June 28 V932526 removed
June 30 V959499 $1,749,000 $-439,000 -20%

Assessment: $1,561,000

Immaculate engineered home, south facing front door surround by wrapped around veranda. Near Gray Creek Raving Park. About 15 minutes walk distance to skytrain and Metrotown and high school. Convenient location on 66×132 large lot. One block from Nelson Elementary. 4,736 sq ft 1st class deluxe material, workmanship and finishing throughout, plenty of granites and wood trims, mouldings. Custom designed gourmet kitchen and cobble ceiling to elegant dining room. High ceiling foyer with expensive chandelier. Upstairs rooms with ensuites. View of Richmond and Fraser River. 3 car garage plus open parkings with back lane access. Must see to appreciate. All measurements are approximate, Buyer to verify if required.


Address:6186 PORTLAND ST, South Slope, Burnaby

March 30 V940192 $1,499,000 $0 0%
April 25 V940192 $1,388,888 $-110,112 -7%
May 23 V940192 $1,249,000 $-250,000 -17%
June 20 V940192 $1,198,888 $-300,112 -20%

Assessment: $1,309,100

This fabulous MultiFamily Duplex actually has a fully finished basement. This is a Money Making Machine that has almost 4600 sqft this home features 8 bedrooms, 5 bathrooms and four kitchens and an income of almost $ 4200 per month !! Many upgrades over the years and is situated on a gorgeous 86 by 133 lot in the prime sought after area of Burnaby South Slope.Property has fabulous south view (all the way to the gulf islands) and huge park-like greenspace lot, walk to the skytrain, and only minutes to Metrotown . These kinds of properties are rare and is zoned R-4 so you can hold now and make a great return and build new duplexes later!! Hurry on This One!! Please call Listing Agent for more details!


Address:3816 NAPIER ST, Willingdon Heights, Burnaby

March 09 V922444 $989,800 $0 0%
March 29 V922444 removed
April 09 V941965 $799,000 $-190,800 -19%

Assessment: No Assessment

New 1/2 duplex in a central location. Chance to choose your colors and finishes. Almost 2,000 sq ft with room for an in-law suite. 3 bedrooms up, 3.5 baths.


Address:1881 DUTHIE AV, Montecito, Burnaby

May 16 V950500 $1,228,000 $0 0%
Open House: May 19
Open House: May 20
Open House: May 27
May 26 V950500 $1,199,000 $-29,000 -2%
Open House: Jun 10
June 12 V950500 $1,148,000 $-80,000 -7%
Open House: Jun 17
Open House: Jun 23
Open House: Jun 24
June 20 V950500 $1,078,000 $-150,000 -12%
Open House: Jul 08
July 12 V950500 removed
July 14 V962071 $998,000 $-230,000 -19%
Open House: Jul 22

Assessment: $752,100

Beautifully renovated executive style home, great layout for entertaining guests or relaxing with your family. Three good sized bedrooms up with a deluxe master bdrm & spa en-suite down. Nice indoor outdoor flow from the modern kitchen to a large glass covered balcony with an inclosed family room/solarium, wrap around sliding doors let you enjoy the summer breeze. The private backyard has a large patio with hot tub. The house has been updated over recent years including, roof, windows, hot water tank, bthrms, kitchen, interior and exterior paint. Main floor carpet hides original in-laid oak hardwood. If you love Burnaby you’ll love this location, close to great schools, golf, shopping and restaurants. Open Sun 22nd 2-4pm.


Address:# 339 5695 CHAFFEY AV, Central Park, Burnaby

March 09 V933218 $469,900 $0 0%
March 13 V933218 $459,900 $-10,000 -2%
March 30 V933218 $445,000 $-24,900 -5%
April 11 V933218 removed
April 14 V943074 $445,000 $-24,900 -5%
April 21 V943074 $429,900 $-40,000 -9%
May 11 V943074 removed
May 17 V950694 $418,000 $-51,900 -11%
Open House: May 17
June 23 V950694 $398,000 $-71,900 -15%
July 17 V950694 $389,000 $-80,900 -17%

Assessment: $438,000

Wow! Gem of a deal, listed way below city assessed value. Beautiful, totally renovated home in quiet, Central Park area with over 1300 SF living area. This lovely owner occupied unit features granite countertops, newer appliances. Bright huge living/dining room, spacious master bedrooms w/ensuite & walk in closet, balcony, insuite laundry, 1 parking stall & 1 locker, larger laundry room can double as storage room or den. Walk to best elem school (Cheffey) & High School (Moscrop). Near Metrotown & skytrain. Open house July 7, Saturday, 3:00-5:00 pm

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