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)
| 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 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).
| 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 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
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
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
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