7288 Inlet Drive, Burnaby, V5A 1C4 — photo 1

$1,788,880

7288 Inlet Drive, Burnaby, V5A 1C4
Active
5 Bedrooms 3 Bathrooms 2,131 sqft Built 1950 Residential
1 Listing Signal Detected
Renovation RequiredNote

Likely needs work. Get contractor quotes before making an offer — renovation costs can exceed expectations.

About This Property

Welcome to this truly unique property offering stunning ocean views and an exceptional income-generating opportunity! The solid 1950s structure boasts new double-glazed windows, and modern vinyl plank flooring throughout. Its layout is a rental dream, featuring a highly versatile floor plan currently set up for multi-family living with up to six bedrooms, three full baths, and the potential for three separate living units, each with its own laundry. Enjoy low-maintenance outdoor space with a lush mature garden. Nestled on an expansive lot with expansion potential. Conveniently located near Simon Fraser University and public transit makes the commute to Vancouver or Coquitlam a breeze. BONUS extra public parking nearby. This home is a rare find!

ViewWaterfrontFireplace

Property Details

MLS #

R3073475

Status

Active

Type

Residential

Sub-type

Single Family Residence

Style

Basement Entry, Rancher/Bungalow w/Bsmt., Split Entry

Ownership

Freehold NonStrata

Zoning

R1

Bedrooms

5

Full Baths

3

Half Baths

0

Kitchens

2

Fireplaces

1

Living Area

2,131 sqft

Main Floor

1,063 sqft

Basement

1,068 sqft fin.

Lot Size

8,116 sqft

Lot Dimensions

125 x 65

Frontage

125

Year Built

1950

Age

76 years

Roof

Metal

Construction

Frame Wood, Mixed (Exterior), Stucco

Structure

Residential Detached

Parking Stalls

3

Parking Type

Carport Multiple, Guest, Lane Access

Original Price

$1,788,880

Taxes

$5,347.85/yr

Listed

2025-12-08

MLS Area

Westridge BN

City

Burnaby

Postal Code

V5A 1C4

Features & Finishes

Heating

Forced Air

Flooring

Hardwood · Mixed · Tile · Vinyl

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove

Laundry

In Unit

Fireplace

Wood Burning

Exterior Features

Garden

Building & Community

Transit

FEW BLOCKS

View

SEASONAL WATER / MOUNTAIN VIEW

Lot Features

Lane Access, Recreation Nearby

Fencing

Fenced

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer, Storm Sewer

Utilities

Electricity Connected, Natural Gas Connected, Water Connected

Disclosures

Property Disclosure

Yes

5.5

Fair Market

Deal Score out of 10

Priced at or near market value in current conditions.

Value vs market7% above market $/sqft
Days on market147 days — significantly stale, strong negotiation position
Price historyNo price reduction — seller firm on price
Market conditionsMarket avg 97% — some negotiation room
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$1,707,641

4.5% below asking price

Negotiation Range

$1,662,919$1,734,474

$71,555 spread

$1,662,919$1,788,880 ask

Based on 35 recent sales, a starting offer around $1,707,641 (4.5% below ask) is reasonable. Your negotiation range is $1,662,919 – $1,734,474.

What's factored in

Market baseline35 recent Burnaby sales closed at median 97.3% of list price
Extended market time147 days listed — well above market avg of 148 days, increased negotiation leverage

Based on 35 residential sales in Burnaby (last 60 days) · Updated May 4

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