153 Units3 StoreysBuilt 1974FRAME - WOOD3 Active
Villa Montecito — 7371 MONTECITO DRIVE, Montecito, Burnaby, BC
A 153-suite wood-frame strata in Burnaby's Montecito neighbourhood, built in 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 7371 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 of 153 units built in 1974 located in Montecito.
Building Details
About This Building
Villa Montecito is a three-storey wood-frame strata building located at 7371 Montecito Drive in the Montecito neighbourhood of Burnaby, BC. Built in 1974 under Strata Plan NWS136, the development comprises 153 suites spread across its low-rise footprint. The building offers a practical range of amenities for residents, including a clubhouse, outdoor pool, communal garden, and in-suite laundry. Strata fees cover caretaker services, garbage pickup, gardening, management, recreation facility access, and snow removal, making day-to-day upkeep straightforward for owners. Pets are permitted with restrictions, and rentals are also allowed subject to bylaws, giving the building reasonable flexibility for both owner-occupiers and investors. Villa Montecito's established construction and managed common areas reflect a mature strata community with a stable residential character typical of Burnaby's older, well-treed neighbourhoods.
Location & Neighbourhood
The Montecito neighbourhood sits in North Burnaby, bordered by Burnaby Mountain and close to the shops and services along Hastings Street and Lougheed Highway. Residents have convenient access to Simon Fraser University via transit, and the area is well-served by TransLink bus routes connecting to SkyTrain at Production Way–University and Holdom stations. Nearby Confederation Park offers sports fields, an outdoor pool, and walking trails, making the area a practical choice for families and outdoor enthusiasts.
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 7371 MONTECITO DRIVE?
Villa Montecito is the strata complex located at 7371 MONTECITO DRIVE, Montecito, Burnaby, BC. Built in 1974. It has 153 residential units.
How many units are in Villa Montecito?
Villa Montecito (7371 MONTECITO DRIVE) has 153 residential units built in 1974. Strata Plan NWS136.
When was Villa Montecito built?
Villa Montecito at 7371 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, GARDEN, IN SUITE LAUNDRY, POOL, OUTDOOR.
What has sold at 7371 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
Other Buildings in This Complex
Part of the VILLA MONTECITO complex — buildings share common neighbourhood amenities.
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