How much is a duplex in Burnaby as of today, November 21, 2022?
Well, let's first look at what is a duplex. A duplex is two dewelling units attached together. They can be atttached; side-by-side, front-back, or even stacked top and bottom.
In Burnaby we typically see side-by-side duplexes, and also front-back arrangements in smaller duplexes. Each side having its own P.I.D., title, and different owners (unless you own both sides).
Let's check out the TOP 5 highest sold price duplexe in Burnaby from January 2022 to November 2022:
- 4988 INMAN AVENUE
- 5617 OAKGLEN DRIVE
- 5971 PORTLAND STREET
- 6455 WINCH STREET
- 5969 PORTLAND STREET
The above 5 duplexes have a combined average sale price of $2,135,000. They are mostly newly built homes except for 4988 INMAN AVE, which is 6 years young at the time of the sale. Do keep in mind these homes are most likely GST applicable so 5% will have to be added onto the sale price, and don't forget the Property Transfer Tax (PTT) as well.
Of course not all duplexes will cost over 2 million dollars, some will be more affordable, it all depends on the age, size and location.
If you are interested in searching for a duplex in Burnaby, here is a duplex search tool for you to quickly browse through the available listings.
Thoughout the years we have helped many clients with the selling and purhasing of duplexes in Burnaby. Let's grab a coffee if you are interested in buying or selling a duplex in Burnaby!