A luxury penthouse at Gilmore Place in Burnaby has sold for $2.65 million in roughly a month—even as broader market conditions remain subdued. The home, located at 5104 – 2186 Gilmore Ave. in Gilmore Place Tower 1 by Onni Group, closed after approximately four weeks on the market. The relatively quick turnaround stands out at a time when many listings are sitting longer and buyers are exercising greater caution. “Serious buyers are still very active, especially in the luxury segment,” says listing agent Michael Dritsas of Stonehaus Realty Corp. “What’s changed isn’t demand, it’s urgency. Buyers today are more selective and analytical, which reinforces how critical strategic pricing, marketing, and proper exposure are in this environment. The market isn’t stalled, it’s simply more disciplined.” The property Type: Apartment/Condo (Penthouse) Neighbourhood: Brentwood Park, Burnaby Building: Gilmore Place Tower 1 (Onni Group) Beds: 3 Baths: 3 Interior size: 1,675 sq. ft. Outdoor space: 2,200+ sq. ft. across three private terraces Year built: 2024 Parking: Garage; Triple, Garage; Underground Taxes: $6,391.12 Maintenance fees: $1,283.31 Listed price: $2,799,000 Sold price: $2,650,000 Listing agent: Michael Dritsas, Stonehaus Realty Corp. The residence features soaring 14-foot ceilings, two bedrooms plus a den, integrated appliances, quartzite stone countertops and LED-lit cabinetry. Spa-inspired bathrooms include marble tiling, a frameless glass steam shower, soaker tub and heated floors. Outdoor living is a defining element of the property: more than 2,200 square feet of terrace space spread across three private decks, complete with a hot tub, BBQ and kitchenette. Panoramic views stretch from downtown Vancouver to the Lions Gate Bridge. Residents at Gilmore Place have access to an extensive list of amenities, including indoor and outdoor pools, a golf simulator, bowling lanes, theatre and fitness centre. The sale The sale was not an isolated transaction. Within weeks of the first closing, Dritsas sold another penthouse on the same floor, further signalling sustained confidence among high-end buyers. “Luxury buyers aren’t reacting to headlines, they’re making calculated decisions based on long-term value and scarcity. When positioned correctly, premium properties can outperform broader market sentiment,” he says. Dritsas has since brought another unit in the building—Unit 5106—to market, describing it as the highest-valued condo currently listed on the MLS in Burnaby.