Montecito
Montecito photo 2
Montecito photo 3
Montecito photo 4
Montecito photo 5
+7 more
Buildings›Montecito›Montecito
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)

ListedUnit / AddressBedsBathsPriceTier$/sqftSqftDOMStrata FeeTaxListed By
Jun 22, 267 7321 MONTECITO DRIVE22$698,000Lowest$5611,245103d$511/mo$2,328/yrRE/MAX Masters Realt…
Jul 6, 268 7363 MONTECITO DRIVE22$729,000$6001,21589d$511/mo$2,116/yrRE/MAX Select Proper…
Jul 9, 268 7371 MONTECITO DRIVE33$749,000Top-Tier$5331,40586d$511/mo$2,325/yrOakwyn Realty Encore
Median (3 units)$729,000$5611,24589d$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).

DateUnit / AddressBedsBathsvs AskingSold Price$/sqftSqftDOMStrata FeeTaxListed By
Jul 11, 267393 MONTECITO DRIVE43View →View Sold Price →—2,2914d$511/mo$3,564/yrRE/MAX All Points Re…
Apr 15, 268 7375 MONTECITO DRIVE33View →View Sold Price →—1,41715d$511/mo$2,351/yrRE/MAX All Points Re…
Mar 22, 265 7307 MONTECITO DRIVE22View →View Sold Price →—1,25062d$511/mo$2,184/yreXp Realty of Canada…
Jan 2, 265 7327 MONTECITO DRIVE33View →View Sold Price →—1,42510d$511/mo$2,306/yrRE/MAX All Points Re…
Nov 24, 257 7305 MONTECITO DRIVE22View →View Sold Price →—1,25619d$511/mo$2,143/yreXp Realty
Nov 7, 252 7307 MONTECITO DRIVE22View →View Sold Price →—1,26453d$511/mo$2,196/yrHouseSigma Inc.
Median (6 units)———1,34117d$511/mo$2,251/yr
What's your unit at Montecito worth?
2 units sold here in the past 6 months, averaging $783,833 in 27 days. Get a free, no-obligation valuation based on what's actually selling in this building.
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

Address7331 MONTECITO DRIVE, Burnaby
Total Units153
Units in Strata153
Storeys2
Year Built1973
ConstructionFRAME - WOOD
Strata PlanNWS136
Property MgmtBAYSIDE
Pet PolicyDogs allowed · Cats allowed

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

Bylaw Restrictions

PetsAllowed
Dogs allowed · Cats allowed
RentalsAllowed
PETS ALLOWED,RENTALS ALLOWED
Short-Term RentalsCheck Bylaws
Confirm with strata before listing short-term.

Amenities

✓IN SUITE LAUNDRY
✓POOL
✓OUTDOOR

Features

✓Huge storage area
✓Spacious layout
✓In suite laundry
✓Caretaker
✓Cabana
✓Covered ground level parking
✓Recreation facility
✓Outdoor pool
✓Club house
✓Gardening
✓Garbage pickup

Strata Fee Includes

✓CARETAKER
✓GARBAGE PICKUP
✓GARDENING
✓MANAGEMENT
✓OTHER
✓RECREATION FACILITY
✓SNOW REMOVAL

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

What is Montecito?+
Montecito is a 153-suite, two-storey wood-frame strata complex located at 7331 Montecito Drive in the Montecito neighbourhood of Burnaby, BC. Built in 1973 and registered under Strata Plan NWS136, it is a low-rise residential development managed by Bayside Property Management.
Where is Montecito located?+
Montecito is located at 7331 Montecito Drive in the Montecito neighbourhood of Burnaby, BC. The area is in North Burnaby, close to the Highway 1 interchange and within reach of Hastings Street's shops and services.
When was Montecito built?+
Montecito was built in 1973 using wood-frame construction. It is a well-established low-rise strata that has been part of the Montecito neighbourhood for over five decades.
How many suites does Montecito have?+
Montecito contains 153 suites across two storeys. The development is mid-sized for a low-rise strata in Burnaby.
What amenities does Montecito have?+
Montecito offers an outdoor swimming pool and in-suite laundry in each suite. These are the confirmed amenities for the building.
What do the maintenance fees at Montecito cover?+
Monthly strata fees at Montecito include caretaker services, garbage pickup, gardening, professional management, recreation facility costs, and snow removal. This is a fairly comprehensive package for a building of this age and type.
Is Montecito pet-friendly?+
Yes, Montecito's bylaws permit both dogs and cats. Pet-owning buyers or tenants should confirm any size or breed restrictions directly with the strata manager, Bayside Property Management.
Are rentals allowed at Montecito?+
Yes, rentals are permitted under Montecito's current strata bylaws. This makes it a viable option for investors as well as owner-occupiers.
What suites are currently available at Montecito?+
As of current MLS data, there are 3 active listings at Montecito: two 2-bedroom suites and one 3-bedroom suite. Availability changes frequently, so check with a local realtor for the most up-to-date information.
What is the average sold price at Montecito?+
Based on MLS data from the past 12 months, Montecito suites have sold at an average price of $783,833, with an average of 6 sales recorded and an average of 27 days on market. These figures reflect recent market conditions and may change over time.

Other Buildings in This Complex

Part of the MONTECITO complex — buildings share common neighbourhood amenities.
7369 Montecito Drive
7369 MONTECITO DRIVE
Built
1974
Active Now
3 homes
View Building
Montecito
7319 MONTECITO DRIVE
Built
1972
Units
153
Active Now
3 homes
View Building
Montecito
7353 MONTECITO DRIVE
Built
1973
Active Now
3 homes
View Building
Montecito Villa
7307 MONTECITO DRIVE
Built
1974
Active Now
3 homes
View Building
Montecito Villa
7311 MONTECITO DRIVE
Built
1974
Active Now
3 homes
View Building
Villa Montecito
7305 MONTECITO DRIVE
Built
1971
Units
153
Active Now
3 homes
View Building
Villa Montecito
7307 MONTECITO DRIVE
Built
1973
Active Now
3 homes
View Building
Villa Montecito
7311 MONTECITO
0
Active Now
3 homes
View Building

Mortgage Pre-Qualification

Buying in this building? Get pre-qualified in 4 quick steps.
Saeed Farahani
Saeed Farahani
Re/Max Crest Realty
778-883-3264
MORTGAGE HELP
Mortgage Pre-Qualification
Free · Confidential · Response within 6 hrs
About your purchase
Rough estimates are fine — we match you to the right lender.

Location

📍7331 MONTECITO DRIVE, Burnaby, Burnaby, Montecito, BCOpen in Google Maps →

What's Nearby

50/100
Walk Score
Somewhat Walkable
40/100
Transit Score
Some Transit
40/100
Bike Score
Some Biking

Scores are estimates based on local amenities and transit access. Actual walkability may vary.

🏫
Local Elementary School
Catchment school · < 1.5 km
🏫
Local Middle School
< 2 km
🏫
Local Secondary School
< 3 km
🏫
Nearby Private School
Independent option · < 5 km

Nearby Buildings

Building NameAddressStoreysBuiltActive
2316 Cliff Avenue2316 Cliff Avenue—20262 homes
Valhalla Court1802 DUTHIE AVE31993—
Coventry Gardens2801 ELLERSLIE AVE31990—
Creekside2676 TRETHEWAY DRIVE—19763 homes
7369 Montecito Drive7369 MONTECITO DRIVE—19743 homes
Montecito Villa7307 MONTECITO DRIVE119743 homes
Montecito Villa7311 MONTECITO DRIVE—19743 homes
Villa Montecito7313 MONTECITO DRIVE319743 homes
Villa Montecito7335 MONTECITO DRIVE—19743 homes
Villa Montecito7361 MONTECITO DRIVE—19743 homes
Villa Montecito7369 MONTECITO DRIVE—19743 homes
Villa Montecito7371 MONTECITO DRIVE319743 homes

More Buildings in Montecito

See all Montecito buildings →
Saeed Farahani
Saeed Farahani
Re/Max Crest Realty
📍 7331 MONTECITO DRIVE
Ask about Montecito
Thinking of selling?
Saeed is the top-rated REALTOR® in Montecito
Medallion Club · 5-star reviews · local expertise
See results & reviews →

Why work with Saeed

Real estate expertise you can count on — reach out any time.

Call 778-883-3264or send a message