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Investment signal

$1,849,000

7290 11TH AVENUE

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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

Huge 9,052 sq. ft. lot in Burnaby East - a prime opportunity for investors and developers! This oversized lot currently has a single-family home, but its size and SMMUH zoning offer exciting potential to build a duplex or multiple units (4-6 units; check City of Burnaby for details). Conveniently located near Edmonds Community Centre, Highgate Shopping Centre, and SkyTrain, just minutes from Metrotown. All measurements are approximate - buyers to verify. Don´t miss out on this rare development opportunity - call today for a private showing! POTENTIAL RENTAL INCOME: approximately $5,000/month (id:65958)

Subtype: Single Family
Architectural style: 2 Level
Structure: House
Common interest: Freehold
Living area: 2,945 square feet
Lot size: 9,052 square feet
Lot dimensions: 9052
Parking: 2 total
On market: Jan 19, 2026
Status changed: Apr 23, 2026
Annual tax: $7,396.69 (2025)
Photos: 30
MLS#: R3080785
Area: BURNABY

Features and systems

Appliances

All

Heating

Forced air

Lot

Central location

Negative cash flow ~$1,946/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

-6.32%

Cap rate

3.60%

GRM

16.7

Break-even rent

$11,299

Financing

Down payment$369,800

Loan amount$1,479,200

Mortgage$7,495/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$847

Insurance$80

Maintenance$1,541

CapEx reserve$770

Vacancy loss$463

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 $7,495/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 23, 2026.