153 Units2 StoreysBuilt 1973FRAME - WOOD3 Active
Montecito — 7331 MONTECITO DRIVE, Montecito, Burnaby, BC
A 153-suite, two-storey wood-frame strata in Burnaby's Montecito neighbourhood, built 1973.
Avg Sold Price
$784K
Avg $/sq ft
$694,250
Avg Days on Market
27d
Sold Price Trend
6 recorded sales, $790K (2025-11) → $1.07M (2026-07) +36.1%
Homes For Sale (3)
| Listed | Unit / Address | Beds | Baths | Price | Tier | $/sqft | Sqft | DOM | Strata Fee | Tax | Listed By |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 22, 26 | 7 7321 MONTECITO DRIVE | 2 | 2 | $698,000 | Lowest | $561 | 1,245 | 103d | $511/mo | $2,328/yr | RE/MAX Masters Realt… |
| Jul 6, 26 | 8 7363 MONTECITO DRIVE | 2 | 2 | $729,000 | $600 | 1,215 | 89d | $511/mo | $2,116/yr | RE/MAX Select Proper… | |
| Jul 9, 26 | 8 7371 MONTECITO DRIVE | 3 | 3 | $749,000 | Top-Tier | $533 | 1,405 | 86d | $511/mo | $2,325/yr | Oakwyn Realty Encore |
| Median (3 units) | $729,000 | $561 | 1,245 | 89d | $511/mo | $2,325/yr | |||||
Sold History at Montecito
2 units have sold at Montecito in the past 6 months, with an average sale price of $783,833 ($694,250/sq ft).
| Date | Unit / Address | Beds | Baths | vs Asking | Sold Price | $/sqft | Sqft | DOM | Strata Fee | Tax | Listed By |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 11, 26 | 7393 MONTECITO DRIVE | 4 | 3 | View → | View Sold Price → | — | 2,291 | 4d | $511/mo | $3,564/yr | RE/MAX All Points Re… |
| Apr 15, 26 | 8 7375 MONTECITO DRIVE | 3 | 3 | View → | View Sold Price → | — | 1,417 | 15d | $511/mo | $2,351/yr | RE/MAX All Points Re… |
| Mar 22, 26 | 5 7307 MONTECITO DRIVE | 2 | 2 | View → | View Sold Price → | — | 1,250 | 62d | $511/mo | $2,184/yr | eXp Realty of Canada… |
| Jan 2, 26 | 5 7327 MONTECITO DRIVE | 3 | 3 | View → | View Sold Price → | — | 1,425 | 10d | $511/mo | $2,306/yr | RE/MAX All Points Re… |
| Nov 24, 25 | 7 7305 MONTECITO DRIVE | 2 | 2 | View → | View Sold Price → | — | 1,256 | 19d | $511/mo | $2,143/yr | eXp Realty |
| Nov 7, 25 | 2 7307 MONTECITO DRIVE | 2 | 2 | View → | View Sold Price → | — | 1,264 | 53d | $511/mo | $2,196/yr | HouseSigma Inc. |
| Median (6 units) | — | — | — | 1,341 | 17d | $511/mo | $2,251/yr | ||||
Market Summary
There are currently 3 active homes for sale at Montecito at 7331 MONTECITO DRIVE, ranging from $698K to $749K. Recent sold units have averaged $784K, selling in about 27 days on average (≈$694,250/sq ft). Montecito is a frame - wood building of 153 units built in 1973 located in Montecito.
Building Details
About This Building
Montecito is a two-storey wood-frame strata development located at 7331 Montecito Drive in the Montecito neighbourhood of Burnaby, BC. Registered under Strata Plan NWS136 and managed by Bayside Property Management, the building was constructed in 1973 and contains 153 suites spread across its two storeys. As a low-rise community, Montecito offers a quieter, more residential feel compared to Burnaby's many high-rise developments. Residents have access to an outdoor pool, and each suite includes in-suite laundry — a practical convenience in an older building. Monthly strata fees cover caretaker services, garbage pickup, gardening, building management, recreation facility costs, and snow removal, giving owners a reasonably comprehensive maintenance package. The building welcomes both dogs and cats, and rentals are permitted under the current bylaws, making Montecito a flexible option for investors and pet-owning buyers alike. Its wood-frame construction and established landscaping give the complex a settled, neighbourhood feel.
Location & Neighbourhood
The Montecito neighbourhood sits in North Burnaby near the boundary with North Vancouver, offering relatively easy access to Highway 1 and the Trans-Canada corridor. Nearby amenities include Montecito Elementary School, Burnaby Mountain Golf Course, and the shops and services along Hastings Street to the south. The area is primarily residential and low-density, with several parks and green spaces within walking distance, though most daily errands are best completed by car or bus.
Building Market Stats
Avg Asking Price
$725K
Sold in 6 Months
2 units
Avg Sold Price
$784K
Avg $/SqFt
$694,250
Avg DOM
27 days
Sale-to-List
97.1%
Amenities & Bylaws
Strata Information
Financial Health
Strata Plan No.NWS136
Contingency Reserve FundContact agent for details
CRF Per UnitContact agent for details
Special LeviesInquire with strata
Depreciation ReportAvailable on request
Management & Meetings
Strata Management Co.BAYSIDE
AGM ScheduleAnnual — contact strata
Council MembersElected owners
Insurance CoverageFull building replacement
Bylaw Last UpdatedContact strata for date
Note: Strata documents including full meeting minutes, the depreciation report, and bylaws are available to serious buyers upon request. Saeed can obtain and review these as part of your due diligence.
Quick Answers
What building is at 7331 MONTECITO DRIVE?
Montecito is the strata complex located at 7331 MONTECITO DRIVE, Montecito, Burnaby, BC. Built in 1973. It has 153 residential units.
Are pets allowed at Montecito?
Yes. Dogs allowed · Cats allowed at Montecito.
How many units are in Montecito?
Montecito (7331 MONTECITO DRIVE) has 153 residential units built in 1973. Strata Plan NWS136.
When was Montecito built?
Montecito at 7331 MONTECITO DRIVE was built in 1973. It is a frame - wood construction building.
Who manages Montecito?
BAYSIDE manages the strata corporation at Montecito.
What amenities does Montecito have?
Montecito amenities include: IN SUITE LAUNDRY, POOL, OUTDOOR.
What has sold at 7331 MONTECITO DRIVE recently?
In the past 6 months, 2 units have sold at Montecito, with an average sale price of $783,833.
What is the average sold price at Montecito?
Recent units at Montecito have sold for an average of $783,833, typically in 27 days on market.
Who is the best realtor to sell my unit at Montecito?
Montecito units have recently sold for an average of $783,833 in about 27 days. Saeed Farahani is a Montecito specialist at Re/Max Crest Realty — contact Saeed for a free building valuation.
How long does it take to sell a unit at Montecito?
Recent units at Montecito have sold in an average of 27 days on market, with units typically selling at 97.1% of asking price.
Frequently Asked Questions
Other Buildings in This Complex
Part of the MONTECITO complex — buildings share common neighbourhood amenities.
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Location
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