Buyer guide · Burnaby Hospital

Buying at 3980 Canada Way

77 units at 3980 Canada Way have sold since 2020 at a median of $782,000, achieving 101.9% of asking in about 23 days. Here is what that means for what you will pay — and what to read before you offer.

The numbers that set your offer
$782,000
Median sold
101.9%
Of asking price
23
Avg days on market
$649
Sold $/sq ft
$688/mo
Avg strata fee
3
Listed now

Sellers here are achieving list price or above, so plan on paying asking rather than negotiating a discount.

What you will pay, by size

Sold figures are what buyers actually paid across all 77 sales. Asking is what is listed today.

TypeSold avgSold rangeAsking now
1 bedroom · ~857 sq ft$569,500$459K – $800K—
2 bedroom · ~1257 sq ft$811,512$520K – $1.25M$850K – $868K (2)
3 bedroom · ~2077 sq ft$1,040,800$920K – $1.19M$1.29M – $1.29M (1)

What to read before you offer

Whether 3980 Canada Way is a good building to buy into is decided by its documents, not its listing photos. These are the ones that matter, and what each is for.

Strata minutes (2 years)
Where problems surface first — leaks, litigation, repeated repairs, and the arguments that precede a special levy.
Depreciation report
The 30-year forecast of major components and what they will cost. Tells you whether today’s fee is realistic or deferred.
Form B Information Certificate
Confirms the actual monthly fee, the contingency fund balance, any levies owing, parking and locker allocation, and rental or pet restrictions.
Engineering and remediation reports
Envelope, roof, plumbing and elevator work. An approved project not yet levied is a cost you inherit on completion.
Insurance summary
Deductibles on water damage have risen sharply across BC, and the strata can charge a deductible back to an owner.
Bylaws and rules
Rentals, pets, age restrictions, short-term use and renovation approvals. 3980 Canada Way’s specifics are on the building page.

Saeed Farahani obtains and reviews these with you as part of representing you on a purchase.

Common questions

Is 3980 Canada Way a good building to buy in?

No one can answer that honestly from the listing alone — it depends on what the documents say. The market record is a starting point: 77 units have sold here since 2020 at a median of $782,000, averaging 23 days on market and 101.9% of asking. What decides it is the strata minutes, the depreciation report and the Form B — whether work is approved but not yet levied, how healthy the contingency fund is, and whether the current fee reflects real costs. Saeed Farahani obtains and reviews those documents with you before you write an offer.

How much can I negotiate at 3980 Canada Way?

Not much. Units at 3980 Canada Way have sold at 101.9% of asking in about 23 days, which means sellers are generally achieving list price or above. Budget for paying asking rather than planning a discount, and be ready to move quickly.

What do units at 3980 Canada Way actually sell for?

77 sales since 2020, from $459,000 to $1,250,000, median $782,000. By size: 1-bed $569,500, 2-bed $811,512, 3-bed $1,040,800. That works out to about $649 per square foot. Asking prices on current listings are a separate question — what sold is what the market paid.

Why are the strata fees at 3980 Canada Way what they are?

Fees on current listings average $688 a month, ranging $617 to $748 by unit size, which is about $0.46 per square foot. Per square foot is the only fair comparison — a larger suite paying more is not the same as an expensive building. A fee that looks high often reflects a well-funded contingency, or amenities and utilities bundled into it; a fee that looks low can mean deferred maintenance and a levy ahead. The depreciation report and recent minutes are what distinguish the two, and Saeed will go through them with you.

What is for sale at 3980 Canada Way right now?

3 units are currently listed, asking $850,000 to $1,288,000 (about $656 per square foot). Current listings and photos are on the building page.

What amenities does 3980 Canada Way have?

Amenities, bylaws and strata details for 3980 Canada Way are set out in full on the building page, alongside current listings. This page covers the buying decision rather than repeating them.

Figures are drawn from recorded MLS® sales and current listings at 3980 Canada Way (NWS2153) from 2020 onward and describe the building, not any individual home. Nothing here is a substitute for reviewing the strata documents. See amenities, bylaws and current listings →

Saeed Farahani
Saeed Farahani
Re/Max Crest Realty
📍 3980 Canada Way
Ask about 3980 Canada Way

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Buying at 3980 Canada Way — What Units Really Sell For, Median $782K