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Most valuable house in Burnaby?

Indoor racquetball court, wine cellar and an English rose garden? Sure, why not, when you’re living in a nearly $12-million home. That’s just some of what you get in the most expensive home in Burnaby based on assessed value.
assessments
This elegant home at 7629 Burris St. is the most valuable property in Burnaby this year, according to B.C. Assessment. Its assessed value (as of July 1, 2016) came in at $11.8 million.

Indoor racquetball court, wine cellar and an English rose garden?

Sure, why not, when you’re living in a nearly $12-million home.

 That’s just some of what you get in the most expensive home in Burnaby based on assessed value.

The home, located at 7629 Burris St. in the Buckingham Heights neighbourhood, topped B.C. Assessment’s roll in Burnaby for 2017 at $11.8 million.

It was Burnaby’s most expensive home last year as well, with an assessed value of $10.5 million in 2016.

The 14,000-square-foot home with a 60,000-square-foot lot made the pages of the NOW back in 2012, too, when it went on sale for a cool $12.8 million.

While the home on Burris Street is No. 1 this year, it may not be able to hold on to the title for long.

The second most valuable home in the city is currently under construction and belongs to world-famous crooner and Burnaby native Michael Bublé. The home, located at 7868 Government St., had an assessed value of just over $10 million. But, with the home expected to be 27,000 square feet, including two cellar levels, that value will likely head further skyward once it’s complete. The home, or at least a wall out front of the home, made news in the fall after some residents were riled by the size of the wall.

While the Burris Street home only increased in value by a little more than 10 per cent, Bublé’s future home’s value increased at a similar rate with the average property owner. Last year, the assessed value for the property was $6.3 million. The overall average increase for properties in Burnaby in 2017 was 30.72 per cent.

Meanwhile, the value of the most expensive homes in the city drops off significantly after the second home.

In third, is a home located at 4916 Rowan Ave. for $5.75 million. When a NOW reporter was at the property to take a picture Wednesday, a woman who identified herself as the owner said the value was ridiculous and that it’s only based on the land being subdivided, which can’t happen.

In fourth, is another property on Burris valued at $5.6 million, and, rounding out the top five, was acreage at 4892 Marine Dr. in the Big Bend area worth $5.47 million.

Three of the top five most valuable homes, and six of the top 10 in Burnaby, are located in the Buckingham Heights neighbourhood. Nine of the top 10 most expensive homes were above the $5-million mark.

For a broader perspective, the most expensive home in the region was $75 million in Kits in Vancouver. The top 100 properties, which were either located in Vancouver or West Vancouver, were all $20 million or more.