Deer Lake townhome listings

Townhomes for Sale in Deer Lake, Burnaby, BC

1 active townhome for sale in Deer Lake on MultiLiving. Median ask: $1,119,900.

Listings shown reflect MLS® data as of August 19, 2026.

Active listings

Median ask

$1,119,900

Lowest ask

$1,119,900

Highest ask

$1,119,900

Living in Deer Lake

Deer Lake covers the central Burnaby area around Deer Lake Park, taking in the Buckingham pocket and the Burnaby Hospital catchment south toward BCIT. The park itself — Deer Lake and its surrounding trail system — anchors the neighbourhood; the Shadbolt Centre for the Arts and the Burnaby Art Gallery sit on the lake's north shore, giving the area a cultural presence rare in suburban Burnaby. Streets are quiet, tree-lined, and predominantly single-family with steady new multiplex conversion on corner and double lots. Schools include Buckingham Elementary and Burnaby Central Secondary, with BCIT close enough to be a factor for households tied to the campus.

Established families who want park-adjacent living without leaving an urban area, professionals tied to Burnaby Hospital or BCIT who want a short commute, and downsizers from larger Burnaby lots who want to stay in central Burnaby with walking access to the park.

Deer Lake is a stable, lower-volume ground-oriented market — turnover is slow and new-build inventory is limited compared to higher-supply areas like Forest Glen or Edmonds. The limited supply and park-adjacent premium keep pricing above the central Burnaby average for comparable formats, which also means resale conditions tend to be competitive when a well-located unit does come up.

Written by MultiLiving Editorial, sourced from REBGV/FVREB transaction data, BC Housing permit records, and local neighbourhood knowledge. Listed by Grand Central Realty, BC Financial Services Authority licence X035686.

Why buy a townhome in Deer Lake

Deer Lake townhomes give buyers parkside living without leaving an urban area. The Shadbolt Centre, Burnaby Art Gallery, and the lake itself create one of the strongest park-adjacent residential settings in the Lower Mainland. Most townhomes run 1,300 to 1,700 sf with traditional finishes matching the established neighbourhood character. Buyers are established families, professionals tied to Burnaby Hospital or BCIT, and downsizers from larger Burnaby lots.

What to watch for when buying a townhome in Deer Lake

Deer Lake has slow turnover and small strata counts; read the depreciation report and past council minutes carefully. Some Deer Lake townhomes are in older stratas (1990s product) that have completed envelope work; verify the remediation history and warranty status.

Compare with nearby neighbourhoods

Buyers shopping townhomes in Deer Lake often also look at these adjacent neighbourhoods. The townhome price band and inventory mix differ noticeably between them — worth a side-by-side comparison.

Neighbourhood	View townhomes for sale
Deer Lake this page	1 active · median $1,119,900
Metrotown	See townhomes in Metrotown →
Forest Glen	See townhomes in Forest Glen →
Sperling-Duthie	See townhomes in Sperling-Duthie →

See all townhomes for sale in Burnaby →

Other home types in Deer Lake

Duplexes for sale in Deer Lake Triplexes for sale in Deer Lake Fourplexes for sale in Deer Lake Multiplexes for sale in Deer Lake

Buyer questions about townhomes in Deer Lake

There are 1 active MLS® townhomes listed for sale in Deer Lake, Burnaby on MultiLiving right now. The list updates daily as agents add or remove listings from the MLS® feed, so the count and every price you see reflect what's currently on the market, not a cached snapshot. You can sort by price, filter by bedroom count, or save the search to receive email alerts whenever a new townhome appears in Deer Lake. Some townhomes in this area are sold pre-construction before hitting MLS® — MultiLiving lists those pre-sale options too, so you see inventory other listing sites miss. MultiLiving's own agent team also tracks new-build multiplex projects across Burnaby directly with local developers, which is how some townhomes appear here before they reach the general public MLS® search.

The median asking price for townhomes currently listed in Deer Lake, Burnaby is $1,119,900. Most townhomes in Deer Lake, Burnaby are brand new construction, so prices reflect current land and building costs in Burnaby. Final sale prices on new builds are often within 2–5% of the asking price. Owner-occupied buyers can use CMHC-insured mortgages with as little as 5% down on the first $500,000 of the price (10% on the portion above, on homes up to $1.5M), and lenders can count 50% of projected rental income from the other units toward your qualifying income — which meaningfully lowers the effective cost of entry.

A townhome in Deer Lake is a ground-oriented home with its own front door, private outdoor space, and typically two or three storeys above grade. Compared to a condo, you get more living space, no shared building corridors, and land ownership directly under your unit — no strata tower management. Compared to a detached house in Burnaby, you get a lower purchase price because the land cost is shared across the townhome's units. Under BC Bill 44 (2024), most lots in Deer Lake now allow townhome-scale development, which is expanding the supply of brand new ground-oriented homes.

Most townhomes listed in Deer Lake, Burnaby are brand new construction or recently completed under BC's Bill 44 small-scale multi-unit housing rules (in force June 2024). New builds typically come with a 2-5-10 BC Home Warranty, and first-time buyers purchasing new construction qualify for 30-year amortization on CMHC-insured mortgages (versus 25 years for resales). Resale townhomes also appear when listed — look for "year built" on individual listings to distinguish new from resale, and ask your agent to pull the strata documents and depreciation report on any resale over five years old.

Save this search from any listing card on this page — MultiLiving will email you whenever a new townhome appears in Deer Lake or any matching neighbourhood you have saved. No cost and no obligation to buy through MultiLiving. You can also register your interest in pre-sale townhomes specifically: MultiLiving's agent team has early access to some new townhome projects in Burnaby before they launch publicly, and registered buyers are contacted first. Typically pre-sale buyers get a 3 to 6 month advantage over buyers waiting for the home to reach the public MLS® listing. There's no minimum commitment to register, and you can unsubscribe from alerts at any time.