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Investment signal

$2,350,000

3963 - 3965 GILPIN STREET

Save this home

Beds

8

Baths

6

Sqft

Year

1972

Type

Multi-family

Suite

Suite potential

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

Unlock the potential of this rare full duplex with 4 separate units in Burnaby´s sought-after Central Park neighbourhood. Situated on a generous 8,236 square ft lot, this property offers a unique opportunity for investors, builders, or multi-generational living. With over 5,300 square ft of living space across both sides, the home provides functional layouts, spacious rooms, and a large private yard. Hold for rental income, renovate, or explore future redevelopment potential. Ideally located on a quiet street just minutes to Central Park, Burnaby Hospital, Metrotown, Brentwood, SkyTrain, and BCIT. A versatile property with strong upside in a high-demand area. (id:65958)

Subtype
Multi-family
Structure
Fourplex
Common interest
Freehold
Living area
5,684 square feet
Lot size
8,236 square feet
Lot dimensions
8236
Parking
6 total
On market
Mar 22, 2026
Status changed
Apr 22, 2026
Annual tax
$8,489.4 (2025)
Photos
40
MLS#
R3102158
Area
BURNABY

Features and systems

Appliances

All
Negative cash flow ~$2,458/mo at these assumptions

Cash on cash

-6.28%

Cap rate

3.61%

GRM

16.7

Break-even rent

$14,337

Financing

Down payment$470,000
Loan amount$1,880,000
Mortgage$9,526/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,077
Insurance$80
Maintenance$1,958
CapEx reserve$979
Vacancy loss$588

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 $9,526/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 22, 2026.

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