We all know that the Burnaby real estate market is on fire right now.
Buyers are lining up to bid on properties and they are flying out just as fast as agents can list them.
That has driven prices up as buyers get into bidding wars.
So take with a grain of salt this end-of-the-month roundup of Burnaby’s bargain listings by roomvu - properties listed well below government assessed value and fresh on the market. For more bargains and listings, check out the Real Estate Weekly.
“It’s the cream of the crop of home deals,” says a news release.
How it works is the BC government analyzes and gives a price based on each property’s factors like size, layout, shape, age, neighbourhood, the condition of the property and more. When listing prices appear lower than as compared to government value, these value-for-money homes set off alarm bells, demanding to be seen and bought.
The problem, of course, is if you get people bidding then it drives up the price and the bargain could disappear. Anyways, here are some of the best bargains according to this metric.
102 7000 21ST AVENUE: $399K (16% below assessed value)
This is a 1 bedrooms, 1 bathroom Condo is listed for sale by agent Gordon Wang of Pacific Evergreen Realty Ltd. They are asking $399000 while the assessed value for this property is $476000.
This property features:
Quiet, bright 1 bdrm + den in great Highgate Mall location. Nice open plan with 9 ft ceilings, maple kitchen and bar counter in kitchen, gas stove, fireplace in living room; Laminate floor in living room, patio & storage locker.Parking stall #59, Locker #34. Pet allowed with restrictions, two small pets, dogs or cats, are allowed, rental allowed with restrictions. Please check Bylaw in Documents for the detail restrictions.
7368 BARNET ROAD: $1.9M (8% below assessed value)
This is a 5 bedrooms, 7 bathroom House is listed for sale by agent Tracy Niu PREC* of Nu Stream Realty Inc. They are asking $1990000 while the assessed value for this property is $2152000.
This property features:
This contemporary & unique designed smart house offers luxury living in the desirable Westridge area! It features elevator, chief's kitchen w/Jenn-Air panel appliances, hardwood floor, Italian tiles, four ensuite bedrooms, spa-like master bathroom, grand deck off of the living room, cedar & stone exterior finish, media room & one bedroom legal suite below. This property was well built with two tone stucco and glass railings. Air conditioning system, radiant heat w/ forced air and central vacuum system, stereo system are included. Professional landscaped yard & ample parking spaces in front & back.
4892 HAZEL STREET: $699K (7% below assessed value)
This is a 2 bedrooms, 3 bathroom Townhouse is listed for sale by agent Randal Cheng PREC* of Grand Central Realty. They are asking $699000 while the assessed value for this property is $755000.
This property features:
A beautiful Burnaby townhome, 2 bedroom, 2 bathroom, and 2 parking! Spacious open concept floor plan with lots of amazing natural light coming through the unit. Stunning light grey floors in the living room, gas fireplace. Great sized master bedroom with its own walk in closet and ensuite. Kitchen is equipped with stainless appliances and hardware.
2001 2378 ALPHA AVENUE: $778K (7% below assessed value)
This is a 2 bedrooms, 2 bathroom Condo is listed for sale by agent Daniel Zhou PREC* of Pacific Evergreen Realty Ltd. They are asking $778000 while the assessed value for this property is $838000.
This property features:
Milano, Developed by award-winning Solterra — winner of over 70 development and builder awards. Contemporary, LEED Silver equivalent sustainability standards building in Vibrant Brentwood neighbourhood is a superb central location, with great access to a wide array of restaurants, boutiques, services, parks, schools, major transportation routes and transit; all within easy walking distance or minutes by car. Amenities include: Concierge service, Guest suite, Hot tub and steam room, fitness room, entertainment lounge and outdoor courtyard with Firepit.
