Home > All listings > 5541 Gilpin Street

$2,898,800

5541 Gilpin Street

Deer Lake Place, Burnaby, BC, V5G 2H8

4 | 4 | 5 | 3,570 sq.ft. | Year Built: 1985 |

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Rarely available: a stunning 88 x 180 ft level lot (15,840 SF) with rear lane access in the heart of prime Deer Lake Park area. This immaculate home features a unique design and layout that makes you feel immersed in a beautiful garden. The exceptionally pretty backyard is arguably one of the most beautiful in Burnaby. The private garden seamlessly blends with the surrounding park landscape, creating a breathtaking private paradise. Step inside this lovely home and enjoy the sunken living room, open gourmet kitchen, a huge private deck to enjoy the daily life. Newly replaced appliances, new roof, and lots of updates. Under Burnaby's new R-1 SSMUH zoning, this oversize lot holds tremendous redevelopment potential. An outstanding opportunity for both family living and for future investment!

Property Info

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MLS®: R3104627

Listing Courtesy of RA Realty Alliance Inc.

Total Bedrooms 4

Total Bathrooms 4

Floor Space 3570 sq.ft.

Lot Size 15840 sq.ft.

Title Freehold NonStrata

Date Listed XXXX-XX-XX

Property Type House

Listed Price $2,898,800

Unit Pricing $812/sq.ft.

Strata Fee $0.00

Tax Estimate $8,382/Year

Year Built 1985

Interior Features

Rooms

Main Living Room 15'6 * 18'5

Main Dining Room 10'9 * 13'6

Main Kitchen 10'6 * 17'5

Main Nook 8'5 * 11'2

Main Family Room 20'3 * 12'0

Main Recreation Room 15'6 * 11'0

Main Foyer 14'8 * 7'5

Main Laundry 5'0 * 11'0

Main Bar Room 8'0 * 6'0

Above Primary Bedroom 11'8 * 14'4

Above Bedrooms 5'0 * 10'8

Above Bedrooms 10'0 * 10'8

Bsmt Bedrooms 12'0 * 14'7

Bsmt Living Room 11'5 * 15'6

Bsmt Kitchen 8'0 * 15'3

Bsmt Media Room 11'5 * 18'0

Bsmt Storage 8'7 * 9'6

More Details

Storey 3

Floor Space Finished 3570.00 sq.ft.

Roof XXXXXXX

Zoning R1

Floor Finish XXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Exterior Finish XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Out Door Area XXXXXXXXXX

Parking Garage Double, Front Access, Asphalt, Garage Door Opener

Parking Cover 2

Parking Total 5

Fuel Heating Forced Air, Natural Gas

Water Supply XXXXXX

Foundation Concrete Perimeter

Summary

Location and General Information

MLS Area Major: Burnaby South
Street Name: Gilpin
City: Burnaby
State Or Province: BC
Postal Code: V5G 2H8
Year Built Effective: 2001
Property Type: Residential
Property Sub Type: Single Family Residence

Taxes and HOA Information

Tax Year: 2025

Interior and Exterior Features

Bathrooms Information

Bathrooms Full: 3
Bathrooms Half: 1

Interior Features

Fireplaces Total: 2
Flooring: Hardwood, Tile, Wall/Wall/Mixed
Basement: Crawl Space, Partially Finished, Exterior Entry
Interior Features: Central Vacuum, Wet Bar

Exterior Features

Exterior Features: Balcony, Private Yard
Roof: Asphalt

Property

Utilities

Sewer: Public Sewer, Sanitary Sewer, Storm Sewer
Water Source: Public

Property and Assessments

Foundation Details: Concrete Perimeter
Year Built: 1985
Year Built Effective: 2001
Lot Size Square Feet: 15840
Building Area Total: 3570
Living Area: 3570

Lot Information

Lot Features: Central Location, Lane Access, Private, Recreation Nearby
Parcel Number: 001282034

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OPEN HOUSES

2026-04-04 02:00 PM - 04:00 PM

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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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