5420 Laurel Street, Burnaby

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$7,600

^$200

5420 Laurel Street

Central BN, Burnaby, BC, V5G 1N2

6 | 5 | 5 | 4,400 sq.ft. |

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Spacious and bright well-maintained family home. Large, bright bedrooms including primary and secondary with en-suite and walk-in closets. Enjoy formal and informal dining areas, primary and prep kitchens, 5 full bathrooms and a den that works as an office, gym, or extra bedroom, and a 2-car garage with direct access. The lower level has a spacious living area, two more bedrooms, a kitchen, bathroom, separate laundry and private entrance - great for a nanny, in-laws, or young adults. Large, private backyard, two decks, and natural gas BBQ, perfect for outdoor living. Convenient location near Hwy 1, Holdom SkyTrain, Brentwood, Metrotown, Burnaby Hospital, community centres, parks, and more! Available partially furnished for additional $250/mth.

Property Info

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MLS®: R3016758

Listing Courtesy of RE/MAX Masters Realty

Total Bedrooms 6

Total Bathrooms 5

Floor Space 4400 sq.ft.

Date Listed XXXX-XX-XX

Property Type House

Listed Price $7,600

Strata Fee $0.00

Interior Features

More Details

Floor Space Finished 0.00 sq.ft.

Rules Yes, Cats OK, Dogs OK

Out Door Area XXXXXXXXXX

Parking Total 5

Summary

Location and General Information

MLS Area Major: Burnaby North
Street Name: Laurel
City: Burnaby
State Or Province: BC
Postal Code: V5G 1N2
Property Type: Residential Lease
Property Sub Type: Single Family Residence

Interior and Exterior Features

Interior Features

Fireplaces Total: 2

Exterior Features

Exterior Features: Balcony, Garden

Property

Utilities

Property and Assessments

Building Area Total: 4400
Living Area: 4400

Lot Information

Sold History

MAP & Nearby Facilities

Map

Street

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City Introduction

Overview of Burnaby, BC, Canada

Population

Burnaby is the third-largest city in British Columbia, with a population of approximately 274,000 (2024). The population density is 2,750.7 people per square kilometer. Burnaby is a multicultural city, with about 64% of residents belonging to visible minorities, including a significant Chinese community (34%). Additionally, around 56% of residents speak a primary language other than English, reflecting its cultural diversity.

Economy

Key Industries: High-tech, film production, retail, and education. Burnaby is home to several high-tech parks and film studios, making it a key economic hub in Western Canada.
Commercial Centers: Metrotown is the second-largest shopping center in Western Canada, attracting both consumers and investors.
Educational Resources: Burnaby hosts Simon Fraser University (SFU) and the British Columbia Institute of Technology (BCIT), providing a highly skilled workforce and fostering innovation.

Living Features

Natural Environment: Burnaby boasts abundant natural landscapes, including Burnaby Lake, Deer Lake, and numerous community parks, ideal for outdoor activities.
Transportation: Burnaby is well-connected to downtown Vancouver via SkyTrain and bus systems, with a commute time of about 30 minutes.
Multiculturalism: The city's diverse communities and cultural events make it an inclusive and vibrant place to live.

Real Estate Investment

Prices: Burnaby's housing prices are relatively moderate compared to Vancouver, with detached homes averaging $1.5 million CAD and condos around $700,000 CAD (2024).

Opportunities:

Stable rental market: Burnaby's universities and job opportunities attract a steady stream of renters, ensuring high rental yields.
Long-term growth potential: Proximity to downtown Vancouver and ongoing infrastructure projects (e.g., SkyTrain expansion) support sustained property value growth.

Risks:

Foreign buyer taxes (20%) and vacancy taxes may increase investment costs.
Rapid price increases in some areas require careful timing for investments.

Verdict

Burnaby is ideal for those seeking a high quality of life and long-term investment. Popular residential areas include Deer Lake and Metrotown, while properties near SkyTrain stations are attractive for investors.

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