5407 Canada Way, Deer Lake, Burnaby

Key facts
Beds
9
Baths
4
Living area
3,124 sqft
Lot size
10,560 sqft
Frontage
View
Year built
1969
Property tax
$5,580/yr
MLS®
R3110691

Description

Prime Burnaby redevelopment opportunity on a rare 88 ft x 120 ft (10,560 sq ft) lot. Positioned on Canada Way, this property is zoned R1 SSMUH, allowing up to 6 units. A great prospect for builders and investors seeking scale and upside. Surrounded by key amenities, including steps away from transit, schools, major routes, and Deer Lake Park. Currently tenanted, providing reliable cash flow while you plan your project. A wide frontage parcel in a high-demand corridor with strong future potential. Secure your next high-value build site.

History

About Deer Lake, Burnaby — Houses Market

Over the past 12 months, 6 houses have sold in Deer Lake, Burnaby, with properties spending an average of 51 days on market. Sign in to view sold price data.

There are currently 13 other houses for sale in Deer Lake. Browse all Deer Lake houses for sale.

13
Active Listings
6
Sold (12 Mo)
51
Avg Days on Market

Amenities

Shopping Nearby

Features

Washer/Dryer Stove Window Coverings

Site Influences

Shopping Nearby Central Location Recreation Nearby

Property Information

MLS® # R3110691
Property Type House
Dwelling Type House/Single Family
Home Style Residential Detached
Kitchens 3
Year Built 1969
Parking Additional Parking,Open,Front Access
Tax $5,580 in 2025
Strata No NWP16697
Postal Code V5E 3N5
Address 5407 Canada Way
Subarea Deer Lake
City Burnaby
Listed By Macdonald Realty

Floor Area (sq. ft.)

Main Floor 1,255
Above 1,255
Below 1,869
Total 3,124

Location

Date Address Bed Bath Kitchen Asking Price Sold Price $/Sqft DOM Levels Built Living Area Lot Size
04/14/2026 This Property 9 4 3 Login to View Login to View Login to View 1 2 1969 3,124 sqft 10,560 sqft
08/29/2026

7488 Whelen Court

5 4 1 $3,298,000 $2,909,999 (-11.8%) Login to View 25 2 2013 4,057 sqft 13,158 sqft
07/23/2026

5416 Buckingham Avenue

5 3 1 $2,599,000 $2,600,000 (0.0%) Login to View 10 2 1959 3,174 sqft 13,090 sqft
07/08/2026

5512 Buckingham Avenue

4 4 1 $2,600,000 $3,000,005 (15.4%) Login to View 9 3 1966 2,886 sqft 15,458 sqft
04/13/2026

7356 Punnett Close

2 3 1 $3,198,000 $2,975,000 (-7.0%) Login to View 24 2 1990 3,012 sqft 13,762 sqft
Date Address Bed Bath Kitchen Asking Price $/Sqft DOM Levels Built Living Area Lot Size
1 day ago

5570 Hampstead Place

4 3 1 $2,888,000 Login to View 2 2 1985 3,542 sqft 8,476 sqft
3 weeks ago

7668 Wheater Court

4 4 1 $4,788,000 Login to View 24 1 2006 1,482 sqft 27,232 sqft
3 weeks ago

7581 Burris Street

4 3 1 $2,800,000 Login to View 29 2 1958 3,033 sqft 19,520 sqft
4 weeks ago

5890 Braemar Avenue

5 5 2 $2,580,000 Login to View 31 2 2005 3,721 sqft 25,418 sqft
4 weeks ago

7688 Wheater Court

6 8 2 $3,869,000 Login to View 31 2 2007 6,099 sqft 11,410 sqft
1 month ago

5876 Buckingham Avenue

8 8 3 $4,180,000 Login to View 46 2 2015 5,930 sqft 9,930 sqft
1 month ago

5885 Walker Avenue

7 4 2 $2,680,000 Login to View 54 2 1997 4,780 sqft 7,440 sqft
2 months ago

5809 Sperling Avenue

8 7 3 $3,298,888 Login to View 75 3 1992 6,403 sqft 11,701 sqft
3 months ago

5420 Elwyn Drive

6 6 3 $2,990,000 Login to View 101 3 1981 4,810 sqft 13,927 sqft
4 months ago

5987 Brantford Avenue

5 2 1 $1,650,000 Login to View 135 2 1935 2,100 sqft 7,614 sqft

House for Sale in Deer Lake, Burnaby

House in Deer Lake, Burnaby. This 9 bedroom, 4 bathroom house offers 3,124 sq ft of living space ($479/sq ft) and was built in 1969. The property sits on a 10,560 sq ft lot in the Deer Lake neighbourhood of Burnaby. Home style: Residential Detached. Basement: Finished,exterior Entry. Parking: Additional Parking,Open,Front Access. Outdoor: Shopping Nearby, Central Location, Recreation Nearby. Building amenities include Shopping Nearby. Property features include Washer/Dryer, Stove, Window Coverings. Annual property taxes: $5,580 (2025). Listed by Macdonald Realty — MLS® #R3110691.

Frequently Asked Questions About 5407 Canada Way

Common questions buyers ask about this listing:

What year was this home built in?

5407 Canada Way, Burnaby, V5E 3N5 was built in 1969.

How long has this property been listed for?

5407 Canada Way, Burnaby, V5E 3N5 was listed on 04/13/2026 by Macdonald Realty.

Is this property air conditioned?

5407 Canada Way, Burnaby, V5E 3N5 does not have an air conditioner.

How wide is the lot?

The lot is 88 feet wide.

Is there a basement in this home?

Finished,Exterior Entry.

How many bedrooms does this house have?

5407 Canada Way, Burnaby, V5E 3N5 is a 9 bedroom, 4 bathroom house with 3124 sq ft of living space.

What is the square footage of this house?

5407 Canada Way, Burnaby, V5E 3N5 has 3124 sq ft of living space.

What is the MLS® number for this house?

The MLS® number for 5407 Canada Way, Burnaby, V5E 3N5 is R3110691.

What neighbourhood is this house in?

5407 Canada Way, Burnaby, V5E 3N5 is located in the Deer Lake neighbourhood of Burnaby, BC.

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Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. - The advertising on this website is provided on behalf of BC Condos & Homes - Re/Max Crest Realty, 300 - 1195 W Broadway, Vancouver, BC

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