News

Burnaby home to nine of region's Top 10 assessments

Of the almost 170,000 properties in B.C. Assessment's North Fraser region, Burnaby is home to nine of the top 10 most expensive addresses, according to the 2013 property assessments.

The North Fraser assessment roll covers properties with a total value of more than $130 billion and includes those in Burnaby, New Westminster, the Tri-Cities, the villages of Belcarra and Anmore and Lower Mainland rural areas.

Of the nine Burnaby properties, all are single-family homes and eight are in the Buckingham Heights neighbourhood, including the most expensive at 7629 Burris St., assessed at $9.76 million.

The 14,456-square-foot mansion on a 1.38-acre lot was built in 1995 and formerly owned by Raymond Loewen of the now-bankrupt Loewen Group funeral services company. Originally listed for $16.9 million, by 2011 it was reduced to $14.8 million. It recently sold in the fall for a reported $9.95 million, significantly less than its $12.99 million asking price.

For that, the buyers got a two-storey house with five bedrooms, eight bathrooms, a racquetball court, seven fireplaces, a conservatory, library, elevator, an oak-clad circular office, an outdoor tennis court, a four-car garage and swimming pool, among other luxury features, according to a Globe and Mail feature on the sale.

Of course, apart from the purchase price, such high-end properties come with costs—the 2010 property taxes on 7629 Burris were $34,422.

Property assessments in B.C. reflect market value as of July 1, 2012.

Other Buckingham Heights properties in the top 10 were: 7633 Wheater Crt. ($3.29 million), 5855 Braemar Ave. ($3.34 million), 7638 Wheater Crt. ($3.35 million), 5370 Buckingham Ave. ($3.35 million), 7608 Clayton Ave. ($3.56 million), 5777 Buckingham Ave. ($3.56 million) and 7437 Burris St. ($4.29 million).

Elsewhere in Burnaby the only address to make the region's top 10 list was 7558 Government Road at $3.67 million.

At No. 9 on the list is the only non-Burnaby property, 2966 Sunridge Crt. in the Westwood Plateau neighbourhood of Coquitlam, assessed at $3.32 million.

wchow@burnabynewsleader.com

twitter.com/WandaChow

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