Open houseCondo19 photos
$689,000
1804 2186 GILMORE AVENUE
Burnaby79 days on market
2 bd2 ba750 sq ft
MLS® R31478781 / 25
$549,000
1103 8940 UNIVERSITY CRESCENT
Burnaby · MLS® R3160851
2 bed · 2 bath · 886 sq ft · 1 parking
Condo · Single Family · built 2021 · 35 days on market
Listed by Michael Dong, Oakwyn Realty Ltd.
Very unique 2-in-1 unit is located in The Terraces at the Peak by Intergulf. LOCKOFF unit w/two separate entries is a perfect investment opportunity or ideal for homeowners seeking a mortgage helper. The unit currently divided into two self-contained sections: one side features a 1-bedroom suite w/an open plan, a full kitchen w/granite counters, spacious living&dining areas; the other offers a studio suite w/a mini bar fridge&sink counter. SOUTH facing w/covered balcony, bedrooms are well sized. Strata fee included GAS&HEAT as hot water baseboard. Building amenities: a large shared patio w/BBQ, a state-of-the-art gym. All the conveniences are only a few steps from your door. Groceries, restaurants, coffee shops, banking&more. 1 LOCKER+1 BIKE LOCKER. Open House: Oct 10th, Sat 2-4PM
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 886 sq ft
- Parking
- 1
- Year built
- 2021
- Property tax
- $2,215 / yr
- Strata fee
- $620 / mo ($0.70 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 35
- MLS®
- R3160851
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
- Oven - Built-In
$3,196/mo
Mortgage $2,392 · Tax $185 · Strata $620
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
- Rent
- $2,110/mo
- After all costs
- −$1,290/mo
- Cap rate
- 2.4%
- yearly net rent ÷ price
Costs: mortgage $2,392 · tax $185 · strata $620 · 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
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