1 / 24

Investment signal

$3,798,000

7843 WEDGEWOOD STREET

Save this home

Beds

Baths

Sqft

—

Year

1955

Type

Single Family

Suite

Suite potential

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

A rare combination of holding income, future self re-development (6 units), or land assembly w 2 more lots into 4 storey building. Estimated rental income appr. $7,500/m. Once "in a lifetime opportunity. Be prepared for the future ". "4 -storey apartment zoning lots in new OCP". Builders can also split one lot into 3 sml lots. Located in a rapidly growing area with excellent amenities, transit access, and strong future potential. The house was Recently done in stages into a very new offering with one legal 2 bed suite - can be 3 bed, or 2 more bd income generating accommodation. Reno was done w great workmanship. With 2 bedroom/2 bath up, Shed in backyard is yet another potential waiting for ideas. 3 full sets laundry machines. (id:65958)

Subtype: Single Family
Architectural style: 2 Level
Structure: House
Common interest: Freehold
Living area: 2,131 square feet
Lot size: 10,350 square feet
Lot dimensions: 10350
Parking: 4 total
On market: Jan 22, 2026
Status changed: Apr 27, 2026
Annual tax: $6,152.97 (2025)
Photos: 24
MLS#: R3082120
Area: BURNABY

Features and systems

Parking

Other

Basement

FinishedFullUnknown

Appliances

AllOven - Built-In

Heating

Baseboard heaters

Lot

Central location

Negative cash flow ~$3,913/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

-6.18%

Cap rate

3.63%

GRM

16.7

Break-even rent

$23,119

Financing

Down payment$759,600

Loan amount$3,038,400

Mortgage$15,395/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,741

Insurance$80

Maintenance$3,165

CapEx reserve$1,583

Vacancy loss$950

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 $15,395/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 27, 2026.