Montecito Villa
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Buildings›Montecito›Montecito Villa
Built 1974FRAME - WOOD3 Active

Montecito Villa — 7311 MONTECITO DRIVE, Montecito, Burnaby, BC

Wood-frame strata with pool in Burnaby's quiet Montecito neighbourhood since 1974
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 Villa

2 units have sold at Montecito Villa 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 Villa 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 Villa at 7311 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 Villa is a frame - wood building built in 1974 located in Montecito.

Building Details

Address7311 MONTECITO DRIVE, Burnaby
Year Built1974
ConstructionFRAME - WOOD
Strata PlanNWS136
Property MgmtBAYSIDE

About This Building

Montecito Villa is a wood-frame strata building located at 7311 Montecito Drive in the Montecito neighbourhood of Burnaby, BC. Built in 1974 and registered under Strata Plan NWS136, it is managed by Bayside Property Management. The building offers a practical mix of features for owner-occupiers and investors alike, including in-suite laundry and an outdoor pool — amenities that are not always standard in buildings of this era. Strata fees cover caretaker services, gardening, building management, and access to the recreation facility, which reduces the day-to-day responsibilities for residents. Rentals are permitted with restrictions, making Montecito Villa a consideration for buyers who may want flexibility with their investment. Pets are also allowed, though prospective buyers should review the current bylaws for specific restrictions. The building's established setting on Montecito Drive reflects the broader character of this residential Burnaby neighbourhood — mature landscaping, quiet streets, and convenient access to key amenities across the city.

Location & Neighbourhood

The Montecito neighbourhood sits in North Burnaby, close to Confederation Park and the Burnaby Mountain area, offering easy access to walking trails, sports fields, and green space. The area is served by bus routes connecting residents to SkyTrain stations including Holdom and Brentwood Town Centre on the Millennium Line, placing downtown Vancouver and other Metro Vancouver destinations within reach. Nearby amenities include shops and services along Hastings Street to the south and the Lougheed Highway corridor to the east.

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

RentalsAllowed
PETS ALLOWED,RENTALS ALLOWED W/RESTRICTIONS
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
✓GARDENING
✓MANAGEMENT
✓RECREATION FACILITY

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 7311 MONTECITO DRIVE?
Montecito Villa is the strata complex located at 7311 MONTECITO DRIVE, Montecito, Burnaby, BC. Built in 1974.
When was Montecito Villa built?
Montecito Villa at 7311 MONTECITO DRIVE was built in 1974. It is a frame - wood construction building.
Who manages Montecito Villa?
BAYSIDE manages the strata corporation at Montecito Villa.
What amenities does Montecito Villa have?
Montecito Villa amenities include: IN SUITE LAUNDRY, POOL, OUTDOOR.
What has sold at 7311 MONTECITO DRIVE recently?
In the past 6 months, 2 units have sold at Montecito Villa, with an average sale price of $783,833.
What is the average sold price at Montecito Villa?
Recent units at Montecito Villa 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 Villa?
Montecito Villa 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 Villa?
Recent units at Montecito Villa 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 Villa?+
Montecito Villa is a wood-frame strata condominium building located at 7311 Montecito Drive in the Montecito neighbourhood of Burnaby, BC. It was built in 1974 and is registered under Strata Plan NWS136. The building is managed by Bayside Property Management.
Where is Montecito Villa located?+
Montecito Villa is located at 7311 Montecito Drive in Burnaby, BC, within the Montecito neighbourhood of North Burnaby. The area is close to Confederation Park and well connected to the rest of Metro Vancouver by transit.
When was Montecito Villa built?+
Montecito Villa was built in 1974 using wood-frame construction. It is one of the established strata buildings in the Montecito neighbourhood of Burnaby.
What amenities does Montecito Villa have?+
Montecito Villa offers in-suite laundry and an outdoor pool. These amenities are included as part of the building's recreation facility, which is covered under the monthly strata fees.
What do the strata fees at Montecito Villa cover?+
The monthly strata fees at Montecito Villa include caretaker services, gardening, building management, and access to the recreation facility. Buyers should confirm the current fee amounts directly with the strata manager or through a Form B information certificate.
Is Montecito Villa pet-friendly?+
Yes, pets are allowed at Montecito Villa. Prospective buyers should review the current strata bylaws to confirm any specific restrictions on pet size, type, or number.
Are rentals allowed at Montecito Villa?+
Rentals are permitted at Montecito Villa, though restrictions apply. Buyers intending to rent their suite should review the current strata bylaws or request a Form B to understand the specific rental rules in place.
What suites are currently available at Montecito Villa?+
As of the most recent data, there are 3 active listings at Montecito Villa, including two 2-bedroom suites and one 3-bedroom suite. Availability changes regularly, so checking with a local REALTOR® or the MLS for current listings is recommended.
What is the price range at Montecito Villa?+
Active listings at Montecito Villa are currently priced from $698,000 to $749,000 CAD. Prices vary depending on suite size, storey, and condition.
What have suites sold for at Montecito Villa?+
Over the past 12 months, 6 suites sold at Montecito Villa with an average sold price of $783,833 CAD and an average price of $694,250 per square foot. Suites spent an average of 27 days on market during that period.

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Location

📍7311 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

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📍 7311 MONTECITO DRIVE
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7311 Montecito Drive, Burnaby — Montecito Villa | 2 Sold Prices