Vancouver Homes
5488 Canada Way, Burnaby, V5E 3N3 — photo 1

$1,690,000

5488 Canada Way, Burnaby, V5E 3N3
Active
5 Bedrooms 4 Bathrooms 2,138 sqft Built 2018 Residential

About This Property

WELCOME TO DEER LAKE RESIDENCES – A boutique collection of custom-built 2-storey duplexes in the heart of Burnaby, nestled between Deer Lake and Burnaby Lake. Quiet inside—no traffic noise. This 5 bed, 4 bath home offers over 2,000 sqft of quality living with engineered hardwood, quartz counters, S/S appliances, radiant heat, Control4, H.E. furnace, wireless security, irrigation, fruit trees, and two balconies. Oversized windows bring in year-round light. **BONUS**: 1-bed ground-level nanny suite—great mortgage helper! Feels like a detached home with private outdoor space. Walk to Buckingham Elem, 3-min to Burnaby Central Sec.

Property Details

MLS #

R3046147

Status

Active

Type

Residential

Sub-type

Half Duplex

Ownership

Freehold NonStrata

Zoning

R1 SMA

Bedrooms

5

Full Baths

4

Half Baths

0

Kitchens

2

Living Area

2,138 sqft

Main Floor

1,404 sqft

Above Main

734 sqft

Year Built

2018

Age

7 years

Roof

Asphalt

Construction

Frame Wood, Mixed (Exterior)

Structure

Duplex, Residential Attached

Parking Stalls

4

Garage Spaces

1

Parking Type

Garage Single, Open

Original Price

$1,690,000

Taxes

$6,189.53/yr

Listed

2025-09-10

MLS Area

Burnaby Lake

City

Burnaby

Postal Code

V5E 3N3

Features & Finishes

Heating

Mixed · Radiant

Building & Community

Fencing

Fenced

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer

Utilities

Community, Electricity Connected, Natural Gas Connected, Water Connected

Disclosures

Property Disclosure

Yes

Location

Open in Google Maps

Coordinates: 49.238319, -122.958271 · Map data © Google

6.3

Fair Market

Deal Score out of 10

Priced at or near market value in current conditions.

Value vs market— At market $/sqft
Days on market— 238 days — significantly stale, strong negotiation position
Price history— No price reduction — seller firm on price
Market conditions— Market avg 97% — some negotiation room
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$1,603,960

5.1% below asking price

Negotiation Range

$1,561,710 – $1,629,310

$67,600 spread

$1,561,710$1,690,000 ask

Based on 28 recent sales, a starting offer around $1,603,960 (5.1% below ask) is reasonable. Your negotiation range is $1,561,710 – $1,629,310.

What's factored in

Market baseline— 28 recent Burnaby sales closed at median 97.2% of list price
Extended market time— 238 days listed — well above market avg of 149 days, increased negotiation leverage
Above-average DOM— 238d vs market avg of 149d — property may have a pricing or condition issue

Based on 28 residential sales in Burnaby (last 60 days) · Updated May 5

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