Location! Location! Location! Rarely available 59' x 125' lot with lane access in desirable Upper Deer Lake, Burnaby-an excellent opportunity for developers, builders, and investors. This well-maintained 2-level home offers over 2,000 sq. ft. of living space with 5 bedrooms, 2.5 baths, and a separate entrance, ideal for extended family, rental income, or a mortgage helper while planning future development. Conveniently located near Deer Lake Park. Zoned under the new SSMUH regulations with potential for multiple units, making this an outstanding site for future redevelopment. Live in, rent out, hold, or build. All measurements, zoning, and development potential to be verified by buyer or buyer´s agent.
Property details
5
Beds
3 full
Baths
2,586 ft²
Floor area
7,375 ft²
Lot size
1967
Year built
2
Parking
$6,849/yr
Gross tax
Location & structure
Single Family
Type
Finished
Basement
1
Fireplace
2 Level
Style
Listed
July 9, 2026
Style
2 Level
Basement
Finished
Structure
House
Frontage
59 feet
PID
002-807-491
Building amenities
In-suite laundry
Features & inclusions
Appliances
All
Heating
Forced air
Lot
Central location, Private setting
Additional details
Common interest
Freehold
Tax year
2025
Listed by Nu Stream Realty Inc.. Last updated Jul 8, 2026, 8:10 PM.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $380,000 down (20%) on $1,899,999, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Inventory mix
What this area trades in
Within 3 km of this listing · 951 listings
Condo / Apartment
573
60.3%
Detached
178
18.7%
Townhouse
111
11.7%
Duplex
43
4.5%
Half-duplex
33
3.5%
Other
13
1.4%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Burnaby · 200 dwellings
Single-detached135 · 67.5%
Apartment in duplex65 · 32.5%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59151284· Burnaby· Transit 71/100 (1440m to rapid)· 0.17 km²
Median rent here
$2,200
Owner shelter cost
$880
Renters
25.6%
30%+ on shelter
25.6%
Population (2021)
590
Median age
44.0
Avg household size
3.0
Avg household income
$128,000
Renters
25.6%
Owners
74.4%
Immigrants
37.6%
Post-secondary
49.6%
Avg home value
$2,040,000
Single status
33.3%
Not in labour force
40.0%
Households with kids
42.5%
Median rent
$2,200
Owner shelter cost
$880
30%+ on shelter
25.6%
Breakdown
$15,000 to $19,999
5
2.6%
$20,000 to $24,999
10
5.1%
$25,000 to $29,999
5
2.6%
$30,000 to $34,999
10
5.1%
$35,000 to $39,999
5
2.6%
$40,000 to $44,999
10
5.1%
$45,000 to $49,999
5
2.6%
$50,000 to $59,999
10
5.1%
$60,000 to $69,999
5
2.6%
$70,000 to $79,999
10
5.1%
$80,000 to $89,999
5
2.6%
$90,000 to $99,999
5
2.6%
$100,000 to $124,999
25
12.8%
$125,000 to $149,999
20
10.3%
$150,000 to $199,999
20
10.3%
$200,000 and over
45
23.1%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59151284).
Market story
Rent in Burnaby
Census 2021 avg $2,200/mo here · Vancouver 4BR rent (est) trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
Vancouver CMA rental snapshot · 2025
Purpose-built vacancy
3.7%
Avg 2BR rent
$2,363
+2.2% YoY
Condo vacancy
1.5%
Avg 2BR condo rent
$2,900
Source: CMHC Rental Market Report (2025)
CMHCVancouver outlook
From the CMHC Spring 2026 Housing Supply Report · Mar 2026
