Montecito, Burnaby Houses with Basement for Sale
Burnaby houses with basements are among the most in-demand in Metro Vancouver — positioned midway between Vancouver and the Tri-Cities, they offer SkyTrain-accessible living alongside the income potential of a lower-level suite in a market where property values continue to climb. There are currently 17 houses with basement for sale in Montecito, Burnaby. Prices range from $1,599,900 to $4,500,000. Browse all MLS® listings below, complete with sold history, floor plans, and daily updates. Burnaby's older neighbourhoods — Burnaby Heights, Capitol Hill, Oakalla, and South Burnaby — are dense with 1950s–1970s bungalows and two-storeys with full basements, the majority already adapted into suites. Burnaby City has an active secondary suite registration program. A 1-bedroom basement suite in Burnaby typically rents for $1,400–$1,900/month; 2-bedroom suites achieve $1,800–$2,400/month — one of the stronger suite rental markets in Metro Vancouver.
Market summary
The houses market in Montecito, Burnaby is currently a Buyer's Market with a 11.8% sales ratio — 2 homes sold against 17 active listings in the past 30 days. The median asking price is $2,100,000 ($827/sqft). Properties are selling slowly, averaging 55 days on the market.
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| Price Range | Active | Sold (30d) | Sales Ratio | Activity |
|---|---|---|---|---|
| $1.5M–$1.75M | 2 | 0 | 0% | |
| $1.75M–$2M | 5 | 1 | 20% | |
| $2M–$2.5M | 4 | 0 | 0% | |
| $2.5M–$3M | 2 | 0 | 0% | |
| Over $3M Most Active | 4 | 1 | 25% |
Sales ratio = homes sold in last 30 days ÷ active inventory. Over 20% = Seller's Market.
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