PH35 - 5355 Lane Street, Burnaby, V5H 0H1 — photo 1

$579,000

PH35 - 5355 Lane Street, Burnaby, V5H 0H1
Active
2 Bedrooms 1 Bathrooms 637 sqft Built 2020 Residential

About This Property

Penthouse with one parking and one locker living at its best! This top-floor home offers exceptional quiet and privacy while being just a 5-minute walk to Royal Oak SkyTrain Station. Featuring 9-ft high ceilings with great natural light and an efficient layout. The den is large enough to function as a true bedroom - it comfortably fits a single bed, desk, and wardrobe. Owner-occupied and meticulously maintained, the unit is in excellent condition. Surrounded by convenient amenities, shops, and restaurants, with great school and daycare options nearby. Perfect for first-time buyers, investors, or those seeking a stylish and well-kept home in a prime Burnaby location. OPEN HOUSE: April 26, 2026, SUN, 2-4 PM.

Storage Locker

Property Details

MLS #

R3067616

Status

Active

Type

Residential

Sub-type

Apartment/Condo

Ownership

Freehold Strata

Zoning

RES

Bedrooms

2

Full Baths

1

Half Baths

0

Kitchens

1

Living Area

637 sqft

Main Floor

637 sqft

Stories

4

Year Built

2020

Age

6 years

Roof

Asphalt

Construction

Frame Wood, Mixed (Exterior), Other (Exterior)

Structure

Multi Family, Residential Attached

Parking Stalls

1

Parking Type

Underground

Facing

South

Original Price

$599,000

Strata Fee

$336.04/mo

Taxes

$1,892.31/yr

Listed

2025-11-14

MLS Area

Metrotown

City

Burnaby

Postal Code

V5H 0H1

Features & Finishes

Heating

Baseboard

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove

Laundry

In Unit

Interior Features

Elevator · Storage

Exterior Features

Garden · Balcony

Building & Community

Total Units

217

Pets

Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions

Restrictions

Pets Allowed w/Rest.,Rentals Allwd w/Restrctns

Strata Mgmt Co.

FIRST SERVICE RESIDENTIAL

Strata Mgmt Phone

604-683-8900

Water Source

Public

Sewer

Public Sewer

Utilities

Community, Electricity Connected, Natural Gas Connected, Water Connected

Building Amenities

Recreation Facilities · Caretaker · Trash · Maintenance Grounds · Hot Water · Management · Sewer · Snow Removal

Disclosures

Property Disclosure

Yes

Coordinates: 49.222677, -122.986246 · Map data © Google

5.7

Fair Market

Deal Score out of 10

Priced at or near market value in current conditions.

Value vs market16% above market — check if justified
Days on market171 days — significantly stale, strong negotiation position
Price historyPrice dropped 3% from original ask — seller showing motivation
Market conditionsMarket avg 97% — some negotiation room
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$552,628

4.6% below asking price

Negotiation Range

$538,153$561,313

$23,160 spread

$538,153$579,000 ask

Based on 35 recent sales, a starting offer around $552,628 (4.6% below ask) is reasonable. Your negotiation range is $538,153 – $561,313.

What's factored in

Market baseline35 recent Burnaby sales closed at median 97.3% of list price
Price already reducedSeller dropped from 3% off original ask — indicates motivation
Extended market time171 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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