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Investment signal

$2,350,000

3963-3965 GILPIN STREET

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Beds

Baths

Sqft

—

Year

1972

Type

Single 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

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: Single Family
Architectural style: 2 Level
Structure: House
Common interest: Freehold
Living area: 5,684 square feet
Lot size: 8,236 square feet
Lot dimensions: 8236
Parking: 6 total
Fireplace: 4
On market: Mar 22, 2026
Status changed: Apr 22, 2026
Annual tax: $8,489.4 (2025)
Photos: 40
MLS#: R3102156
Area: BURNABY

Features and systems

Appliances

All

Heating

Forced air

Lot

Central location

Negative cash flow ~$2,458/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

-6.28%

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.