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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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7520 Canada Way, Burnaby
MLS®: R3153136
2308
Sq.Ft.
4
Baths
6
Beds
7,620
Lot SqFt
1935
Built
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Description
Excellent potential on a large lot with generous 66 foot frontage - 120 feet deep for a total of 7,920 square feet. Back lane access offers a short, private stretch of road with just a few neighbours for you to meet between Graham Ave & 16th Ave. Inside you’ll find renovations underway but not completed. Finish the project and start bringing in rent. Or consider Burnaby’s revised Small-Scale Multi-Unit Housing guidelines (published July 2026). Build up to 6 units with a variety of design and siting options. Consult the City of Burnaby to verify development potential. Showings available by appointment.
Taxes (2025): $6,147.31
Features
Washer
Dryer
Dishwasher
Refrigerator
Stove
