Condo
$565,000
2607 2181 MADISON AVENUE
Burnaby1 day on market
MLS® R3173954
1 / 13
2 bed · 2 bath · 949 sq ft · 2 parking
Condo · Single Family · built 1991 · 59 days on market
Listed by Kate Carandang, RE/MAX 2000 Realty
Realtor's description
Welcome to #109 at The Courtyard, ideally located in the heart of Metrotown! This bright and spacious 2-bedroom home offers comfortable living with the added benefit of a large private patio-perfect for relaxing, entertaining, or enjoying your morning coffee. The home comes with two parking stalls, #42 and #44, plus a storage locker for added convenience. Ideally situated close to Metrotown Shopping Centre, Crystal Mall, restaurants, transit, schools, parks, and a variety of everyday amenities. Enjoy the convenience of an excellent location with everything you need just minutes away. A great opportunity for first-time buyers, downsizers, or investors looking for a well-connected home in Burnaby.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 949 sq ft
- Parking
- 2
- Year built
- 1991
- Property tax
- $1,624 / yr
- Strata fee
- $408 / mo ($0.43 / sq ft)
- Strata rules
- Pets not Allowed, Rentals Allowed With Restrictions
- Days on market
- 59
- MLS®
- R3154490
Features
- Elevator
- Pets not Allowed
- Rentals Allowed With Restrictions
- All
Monthly cost
$3,371/mo
Mortgage $2,828 · Tax $135 · Strata $408
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
- $2,325/mo
- After all costs
- −$1,267/mo
- Cap rate
- 2.9%
- yearly net rent ÷ price
Costs: mortgage $2,828 · tax $135 · strata $408 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Central Park/Metrotown, 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 Nelson Elementaryhomes in this catchment
700 m away · 4850 Irmin St, Burnaby · 604-296-9025
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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