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Investment signal

$2,799,000

1570 1572 GILES PLACE

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Beds

Baths

8 full + 4 half

Sqft

—

Year

1974

Type

Multi-family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Burnaby. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to this well-maintained side-by-side duplex nestled on a quiet cul-de-sac. Situated on a massive 10,224 sqft lot. This property is perfect for multi-generational living or as a savvy investment. Hold & rent now, then develop in the future! Each side features 3 bdrms up & a 1-bdrm suite mortgage helper. Enjoy a spacious double detached garage + a driveway built for an RV, boat & more cars. The large sundeck is ideal for BBQs & entertaining. Located in a family-friendly hub near Montecito Elementary, Burnaby North Secondary & SFU. Recreation is at your doorstep w/a golf course, pickleball courts & scenic walking/biking trails nearby. Daily errands are a breeze w/Safeway & Sungiven Foods just minutes away. Craving a bite? White Spot & Cockney Kings are right in the neighborhood. This rare gem offers space, income & incredible future potential in a prime location. Don't miss out on this versatile opportunity perfect for growing families & investors. (id:65958)

Subtype: Multi-family
Structure: Duplex
Common interest: Freehold
Living area: 4,689 square feet
Lot size: 10,224 square feet
Lot dimensions: 10224
Parking: 8 total
On market: Mar 18, 2026
Status changed: Apr 15, 2026
Annual tax: $8,891.38 (2025)
Photos: 40
MLS#: R3101025
Area: BURNABY

Features and systems

Basement

FinishedUnknownUnknown

Appliances

All

Lot

Central locationCul-de-sac

Security

Security systemSmoke Detectors

Negative cash flow ~$2,907/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.23%

Cap rate

3.62%

GRM

16.7

Break-even rent

$17,060

Financing

Down payment$559,800

Loan amount$2,239,200

Mortgage$11,346/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,283

Insurance$80

Maintenance$2,333

CapEx reserve$1,166

Vacancy loss$700

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $11,346/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.