Condo
$459,000
34% less per sq ft705 6055 Nelson Avenue
Burnaby36 days on market
MLS® R3161785
1 / 15
2 bed · 2 bath · 952 sq ft · 1 parking
Condo · Single Family · built 2021 · 18 days on market
Listed by Sergei Volpov, Royal Pacific Riverside Realty Ltd.
Realtor's description
Welcome to Terraces at the Peak, located at SFU University on Burnaby Mountain. This high quality, concrete building by Intergulf makes the perfect home. Short walk out to the bus loop, elementary school, childcare, Starbucks, shopping, parks and recreation and so much more. Enjoy beautiful north-west facing unit, which is privately located, suspended in the trees with some mountain view. The property offers the expansive floor plan with over 400sf of covered balcony, huge floor to ceiling windows, separated bedrooms, and a great kitchen with top of the line appliances and a super big kitchen island. Great amenities include forest gym, party room, playground, and outdoor bbq area. Pets & rentals are allowed. Comes with one parking stall. Allow 24 hours to arrange a viewing.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 952 sq ft
- Parking
- 1
- Year built
- 2021
- Property tax
- $2,435 / yr
- Strata fee
- $651 / mo ($0.68 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 18
- MLS®
- R3168311
Features
- Private setting
- Treed
- Pets Allowed
- All
Floor plans
Found among the listing photos.
Monthly cost
$3,511/mo
Mortgage $2,657 · Tax $203 · Strata $651
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,110/mo
- After all costs
- −$1,605/mo
- Cap rate
- 2.1%
- yearly net rent ÷ price
Costs: mortgage $2,657 · tax $203 · strata $651 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in North Burnaby, Burnaby (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
BC rules for landlords
- Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
- Rent increases are capped once a year at the province's set amount. gov.bc.ca
- The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
- Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca
Location
BurnabyGoogle Maps ↗
Schools
Catchment schools, Burnaby School District 41
- Elementary University Highlands Elementaryhomes in this catchment
200 m away · 9388 Tower Rd, Burnaby · 604-296-9036
From the Burnaby School District 41's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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