224 7055 WILMA STREET
224 7055 WILMA STREET · Burnaby, Highgate · Apartment · 2 bed · 1 bath · $489,000 · MLS R3101598
224 7055 WILMA STREET is located in Burnaby (Highgate). Property snapshot: Apartment, 2 bed, 1 bath, listed at $489,000, MLS R3101598. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: -. BurnabyHouse Deal Score: 50/100. Cat
Local Decision Guide
How should buyers evaluate 224 7055 WILMA STREET?
Start by reading this listing in its Burnaby Highgate context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.
What should be checked before writing an offer?
- Recent comparable sales, competing active listings, days on market, price changes and current market pace.
- Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
- For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?
To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.
Burnaby listings should also be screened against SSMUH and provincial small-scale multi-unit housing rules. R1, R4 and R5 zoning may affect multiplex analysis, but they are not automatic buildability guarantees; lot dimensions, area, servicing, trees, parking, permits and current city interpretation still matter.
Burnaby SSMUH / R1 / R4 / R5 quick checklist
- Confirm the zoning label: R1, R4, R5 or another district.
- Check lot size, frontage, lane/driveway access, trees, parking and servicing.
- Read SSMUH, provincial rules and Burnaby's current permit interpretation together.
What does this page not replace?
It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.
Listing FAQ
What is the current list price for 224 7055 WILMA STREET?
This page shows a list price of $489,000 with MLS R3101598.
What type of home is this Burnaby, Highgate listing?
The page shows Apartment, 2 bed, 1 bath at 224 7055 WILMA STREET. Buyers should still verify strata/land context, interior size, age and inspection findings.
How long has this listing been on the market?
Current records show about - days on market/site. Latest recorded list price 489000.00; 2 price change(s) on file.
Which catchment schools are associated with 224 7055 WILMA STREET?
Catchment schools include Taylor Park Elementary, Byrne Creek Community Secondary. Catchment boundaries can change, so buyers should verify with the school district or their realtor before writing an offer.
What does the Deal Score of 50/100 mean?
Deal Score is a BurnabyHouse screening score based on list price, assessment, DOM, strata fees, rent yield and area-average signals. It helps with first-pass screening and does not replace inspection, financing, legal or municipal due diligence.
What should buyers check first on this listing?
Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.
How should Burnaby listings be screened for SSMUH, R1, R4 and R5 risk?
Burnaby listings should be checked against SSMUH, provincial small-scale multi-unit housing policy, R1/R4/R5 zoning, lot size, frontage, servicing, trees, parking and permits. R1/R4/R5 are due-diligence signals, not automatic buildability.
Can AI analysis replace professional advice?
No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.
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Last Updated: Tue, 16 Jun 2026 04:59:40 PM PDT
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Listing Office: Sutton Group-West Coast Realty
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