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

Villa Montecito — 7361 MONTECITO DRIVE, Montecito, Burnaby, BC

Wood-frame strata townhomes in Burnaby's Montecito neighbourhood, established 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 Villa Montecito

2 units have sold at Villa 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 Villa 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 Villa Montecito at 7361 MONTECITO DRIVE, ranging from $698K to $749K. Recent sold units have averaged $784K, selling in about 27 days on average (≈$694,250/sq ft). Villa Montecito is a frame - wood building built in 1974 located in Montecito.

Building Details

Address7361 MONTECITO DRIVE, Burnaby
Year Built1974
ConstructionFRAME - WOOD
Strata PlanNWS136

About This Building

Villa Montecito is a wood-frame strata complex located at 7361 Montecito Drive in the Montecito neighbourhood of Burnaby, BC. Built in 1974, this established residential community is registered under Strata Plan NWS136 and offers a range of suites suited to owner-occupiers and investors alike. The building's construction is wood frame, typical of well-maintained Lower Mainland strata properties from that era. Residents have access to a clubhouse, outdoor pool, and in-suite laundry — a practical combination for everyday living. Monthly strata fees cover caretaker services, gardening, management, and use of the recreation facility, keeping common areas well-maintained without owners having to self-organise those services. There are no bylaw restrictions noted on record, which may appeal to a broader range of buyers. Villa Montecito sits within a quiet, established residential pocket of Burnaby, making it a practical choice for those seeking a settled neighbourhood with good access to the broader Metro Vancouver region.

Location & Neighbourhood

The Montecito neighbourhood sits in North Burnaby, close to Lochdale Community School and Burnaby Mountain Secondary, making it a practical area for families. Nearby Kensington Park and the larger network of Burnaby parks offer green space within easy reach, and the area connects well to Hastings Street for everyday shopping and transit routes toward both Vancouver and SFU on Burnaby Mountain. Bus service along the corridor provides reasonable access to SkyTrain connections for commuters heading into Metro Vancouver.

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
NO RESTRICTIONS
Short-Term RentalsCheck Bylaws
Confirm with strata before listing short-term.

Amenities

✓CLUB HOUSE
✓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

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 7361 MONTECITO DRIVE?
Villa Montecito is the strata complex located at 7361 MONTECITO DRIVE, Montecito, Burnaby, BC. Built in 1974.
When was Villa Montecito built?
Villa Montecito at 7361 MONTECITO DRIVE was built in 1974. It is a frame - wood construction building.
What amenities does Villa Montecito have?
Villa Montecito amenities include: CLUB HOUSE, IN SUITE LAUNDRY, POOL, OUTDOOR.
What has sold at 7361 MONTECITO DRIVE recently?
In the past 6 months, 2 units have sold at Villa Montecito, with an average sale price of $783,833.
What is the average sold price at Villa Montecito?
Recent units at Villa 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 Villa Montecito?
Villa 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 Villa Montecito?
Recent units at Villa 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 Villa Montecito?+
Villa Montecito is a residential strata complex at 7361 Montecito Drive in the Montecito neighbourhood of Burnaby, BC. Built in 1974 and registered under Strata Plan NWS136, it is a wood-frame development offering multi-bedroom suites in an established North Burnaby setting.
Where is Villa Montecito located?+
Villa Montecito is located at 7361 Montecito Drive in the Montecito neighbourhood of North Burnaby, BC. It sits within the broader Metro Vancouver region, with convenient access to transit routes, parks, and local schools.
When was Villa Montecito built?+
Villa Montecito was built in 1974 using wood-frame construction, which is common among strata complexes developed across the Lower Mainland during that period.
What amenities does Villa Montecito have?+
Villa Montecito offers a clubhouse, an outdoor pool, and in-suite laundry. These amenities are included as part of the strata community, with the recreation facility covered under the monthly strata fees.
What do the strata fees cover at Villa Montecito?+
Monthly strata fees at Villa Montecito include caretaker services, gardening, strata management, and access to the recreation facility. This means owners do not need to independently arrange maintenance of common areas or grounds.
Is Villa Montecito pet-friendly?+
The strata bylaws for Villa Montecito list no restrictions, which suggests the complex does not impose specific prohibitions on pets. Prospective buyers should confirm current pet policy directly with the strata manager or by reviewing the most recent bylaw documents.
What suites are currently available at Villa Montecito?+
As of the most recent data, there are 3 active listings at Villa Montecito, comprising two 2-bedroom suites and one 3-bedroom suite. Availability changes regularly, so it's worth checking current MLS listings for the latest options.
What is the price range for suites at Villa Montecito?+
Active listings at Villa Montecito are currently priced from $698,000 to $749,000 CAD. Pricing varies depending on suite size and other factors, and the market can shift, so current listings should be verified directly.
What is the average sold price at Villa Montecito?+
Over the past 12 months, 6 suites sold at Villa Montecito at an average price of $783,833 CAD, with an average of 27 days on market. The average price per square foot over that period was $694,250 — though individual sales vary by suite size and condition.

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Location

📍7361 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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📍 7361 MONTECITO DRIVE
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