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Renanza Realty
Burnaby · Neighbourhood

Burnaby Lake Real Estate

Explore homes and condos for sale in Burnaby Lake, one of Burnaby's neighbourhoods. Live MLS® listings, updated continuously, plus a direct line to a Renanza agent who knows the area.

Market snapshot

The Burnaby Lake market right now

Burnaby Lake currently has 56 active listings. Most homes for sale are priced between $540K and $4.62M, with a median around $1.69M. Detached houses make up the largest share of the market.

56
Active listings
56
For sale
$1.69M
Median list price
$540K–$4.62M
Typical range
$657
Median price / sq ft
57
Median days listed
2
New in last 7 days
1976
Median year built

Burnaby Lake prices by bedrooms

BedroomsActive listingsMedian asking price
14$374K
211$749K
39$1.40M
4+31$2.00M

Figures reflect current active MLS® listings and update as the market moves.

Neighbourhood guide

Living in Burnaby Lake

Burnaby Lake is a residential area on the southwest side of Burnaby Lake Regional Park, largely single-family in character and defined by natural and highway edges. A city plan is guiding new mid-rise development around its SkyTrain station.

Location & boundaries

The area is framed by Highway 1, Burnaby Lake and the Brunette River. The emerging Sperling-Burnaby Lake district is generally bounded by Broadway to the north, Winston Street to the west and south, and Phillips Avenue to the east.

Housing & property types

It consists mostly of single-family homes with a smaller selection of apartments and condos, and home ownership rates are high.

Parks & recreation

Burnaby Lake Regional Park, with its trails, rowing pavilion and nature house, defines the area and gives residents direct access to lakeside walks.

Getting around

Sperling-Burnaby Lake Station on the Millennium Line serves the area, while Cariboo Road and Kensington Avenue give quick access to Highway 1 toward Vancouver or the Port Mann Bridge.

Who it may suit

May suit buyers wanting detached homes beside a large regional park with SkyTrain access.

Sources: faithwilson.com, dailyhive.com, urbanyvr.com

Neighbourhood snapshot — Burnaby

Statistics Canada, 2021 Census of Population for Burnaby, City (CY) [Census subdivision], British Columbia. These figures describe the city as a whole, not this specific address — useful context, not a substitute for local knowledge. View source

Population

249,125

Total population

+7%

Growth since 2016

40.4

Median age

Income

$83,000

Median household income

Household

2.4

Avg. household size

29.2%

Live alone

59.8%

Families w/ kids

Housing

60.5%

Owned

39.5%

Rented

$980,000

Median dwelling value

Apartment69.4%
Single-detached house18.9%
Row house / townhouse8.7%
Other3.0%

Education

Highest credential, ages 25–64

Bachelor's degree or higher47.2%
Trades or college diploma26.6%
High school diploma20.4%
No certificate, diploma or degree5.8%

Commute

How residents get to work

Car, truck or van71.0%
Public transit21.6%
Walked4.7%
Bicycle0.9%
Other1.8%

Languages

Mother tongue, top responses

English41.5%
Mandarin13.7%
Cantonese12.1%
Korean3.3%
Tagalog3.0%

Buying a home in Burnaby Lake

BC's 2023 small-scale multi-unit housing legislation now allows three to four units on most single-family lots in larger municipalities, which is reshaping what detached lots are worth. Check the lot's current zoning with the municipality, and get a home inspection and a title search before removing subjects.

Budget for BC's property transfer tax on top of the price — it's charged on the purchase and first-time buyers and new builds may qualify for exemptions. See our BC & Alberta closing costs checklist.

Common questions

Frequently asked

If yours isn't here, ask us directly — we'd rather answer it now.

How much does a home cost in Burnaby Lake?

The median asking price for homes currently for sale in Burnaby Lake is about $1,694,000, and most are listed between $540,000 and $4,620,000. These figures come from active MLS® listings and move with the market.

How many homes are for sale in Burnaby Lake right now?

There are 56 active listings on this page's search, 2 of them new in the last 7 days. Listings are updated continuously from the MLS®.

How much is a 3-bedroom home in Burnaby Lake?

Median asking prices by bedroom count in Burnaby Lake right now — 1 bedroom: about $374,000; 2 bedrooms: about $749,000; 3 bedrooms: about $1,399,000; 4+ bedrooms: about $1,998,000. Based on 55 active listings.

What is the price per square foot for homes in Burnaby Lake?

The median asking price per square foot of living area is about $657 across homes currently listed in Burnaby Lake. Location, age and building type move this a lot, so compare within a neighbourhood.

How long have homes in Burnaby Lake been on the market?

The typical active listing here first came on the market about 57 days ago. That's days listed so far, not time to sell, but a long figure usually signals more room to negotiate.

Can non-Canadians buy a home in Burnaby Lake?

Generally not right now. Since January 1, 2023, the federal Prohibition on the Purchase of Residential Property by Non-Canadians Act has barred most non-Canadians from buying residential property, with exceptions such as permanent residents and some work-permit holders. The ban has been extended before, so confirm its current status and get legal advice on your situation.

Thinking about Burnaby Lake?

Tell us what you're after in Burnaby Lake and we'll send matching listings the moment they hit the market.