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For Sale · Burnaby

$2,699,000

5987 MALVERN AVENUE, Burnaby

Tour this home

Bedrooms

Bathrooms

2,598

Size

1957

Year built

About This Home

The details.

YOUR NEXT BEST INVESTMENT! This rarely available parcel is located in Buckingham Heights - the most sought-after neighbourhood in Burnaby. This rancher with basement home sits on an expansive 11,090 sq.ft. lot with 75 feet of frontage, zoned Small-Scale Multi-Unit Housing for exceptional development potential - subdivide into TWO single-famly homes, build up to 8 units, construct your dream home, or add a secondary...

Summarizing the highlights...

MLS® R3148541Listing courtesy of Real Broker B.C. Ltd.View on map Street view

Property Details

Facts & features.

Property type: Single Family
Ownership: Freehold
Year built: 1957
Size: 2,598 sqft
Lot size: 11,090 square feet
Storeys: 1
Parking: 4 spaces
MLS number: R3148541
Data source: Greater Vancouver REALTORS®

Market intelligence

Statistics and history.

Days on market

Typical in Burnaby: 9 days

Burnaby median asking

$838K

1,029 active listings

Price per sqft

$1,039

Based on 2,598 sqft interior

How fast is this listing moving?

FastSlow

Market demandBalanced

QuietHot

112 new this week of 1,029 active listings in Burnaby, blended with typical days on market.

Where this price sits in Burnaby

$458KThis listing$2.5M

Computed live from active MLS listings we track. Sold-price history and multi-year assessment history switch on when sold-data access arrives.

Coming Soon

Listing & sold history.

These sections unlock with our sold-data feed. They are reserved here so you know exactly what is on the way.

Sold history for this homeComing soon

Listing history (every time it hit the market)Coming soon

Days-on-market trend for this areaComing soon

Nearby sold comparisonsComing soon

July Value

What this home is worth.

Calculating a July Value estimate...

Location

Where it sits.

Open in full map search

Run The Numbers

Mortgage and cash flow

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization25 yr

Monthly mortgage payment

$12,622

$2,159,200 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$12,622

Cash flow

-$12,622

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Burnaby right now

1,029

Active listings

112

New this week

$838,000

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Burnaby.

Household and demographic stats for Burnaby, from the Statistics Canada 2021 Census.

249,125
Population (2021): 40.4
Median age: 101,135
Households: 2.4
Avg household size: 60.5%
Home ownership: $83,000
Median household income

Burnaby neighbourhood guide Full census profile Burnaby market trends

The immediate block around this home (right here): about 598 residents in 195 homes, 2,766 people/km² (urban).

Source: Statistics Canada 2021 Census, Burnaby, City (CY); block-level figures from dissemination area 59152905.

Schools

Nearby schools

K-12 schools closest to this home, with straight-line distances.

7.3of 10
Buckingham Elementary
500 m
public · elementary
Rank 341 of 1,272 in BC (2025/2026) · FSA literacy + numeracy
Performance history
- 2025/2026 · elementary · Score 7.3 · Rank 341/1,272
- 2024/2025 · elementary · Score 8.6 · Rank 183/1,269
- 2023/2024 · elementary · Score 6.8 · Rank 406/1,267
8.1of 10
Brantford Elementary
790 m
public · elementary
Rank 246 of 1,272 in BC (2025/2026) · FSA literacy + numeracy
Performance history
- 2025/2026 · elementary · Score 8.1 · Rank 246/1,272
- 2024/2025 · elementary · Score 8.8 · Rank 154/1,269
- 2023/2024 · elementary · Score 6.8 · Rank 401/1,267

Similar homes

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Rental Market

Rentals nearby

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.