1 / 16

Investment signal

$2,690,000

5240 HALLEY AVENUE

Save this home

Beds

Baths

Sqft

—

Year

1958

Type

Single Family

Suite

Investment signal

Text Hasan Open map Ask a question

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

CORNER LOT (66' frontage x 154' depth) Rarely available, this expansive 10,165 square ft boasts stunning mountain VIEWS in the highly sought-after Central Park neighborhood of Burnaby. The property features 2,739 square ft of living space, offering excellent flexibility to live in, rent out, or hold while planning your future development. A 6-Unit building plan OR 4-Dulplex plan are exceptional investment opportunity! Enjoy an unbeatable, central location just minutes from Metrotown, Brentwood, Deer Lake, Central Park, and Bonsor Recreation Complex & Seniors Centre. Conveniently close to Burnaby General Hospital, as well as top-rated schools including Chaffey-Burke Elementary and Moscrop Secondary. Commuting is easy with Patterson SkyTrain Station only 3 minutes drive. 2 minutes drive to BCIT. (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Common interest: Freehold
Living area: 2,692 square feet
Lot size: 2.33 acres
Lot dimensions: 2.33
Parking: 6 total
Fireplace: 2
On market: Apr 17, 2026
Status changed: Apr 21, 2026
Annual tax: $8,194.64 (2025)
Photos: 16
MLS#: R3112834
Area: BURNABY

Features and systems

Parking

Garage

Appliances

All

Heating

Forced airNatural gas

Lot

Central location

View

Negative cash flow ~$2,802/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

-6.25%

Cap rate

3.61%

GRM

16.7

Break-even rent

$16,399

Financing

Down payment$538,000

Loan amount$2,152,000

Mortgage$10,904/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,233

Insurance$80

Maintenance$2,242

CapEx reserve$1,121

Vacancy loss$673

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 $10,904/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 21, 2026.