Condo
$354,900
20% under assessed8 6965 HASTINGS STREET
Burnaby38 days on market
MLS® R3160377
1 / 18
1 bed · 1 bath · 655 sq ft · 1 parking
Condo · Single Family · built 1976 · 155 days on market
Listed by Elaine Lo, Sutton Group-West Coast Realty
Realtor's description
Balmoral on the Park - Beautifully updated, tranquil 1 bedroom unit with partial views over Central Park. An excellent and spacious floor plan that can fit house sized furniture with a large balcony. Centrally and conveniently located within walking distance to Metrotown Mall, transit, shopping, restaurants and to Central Park. This is a comfortable 1 bedroom home. Features include a beautifully updated kitchen with plenty of built in cabinets/storage, stainless steel appliances, updated laminate flooring and a generous size bedroom. A well maintained building in a great neighborhood. Building is situated on a large property with beautiful gardens in a private park-like setting in the Metrotown neighborhood. Best priced updated 1 bedroom in Metrotown! Call to view.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 655 sq ft
- Parking
- 1
- Year built
- 1976
- Property tax
- $1,344 / yr
- Strata fee
- $423 / mo ($0.65 / sq ft)
- Strata rules
- Pets not Allowed, Pets Allowed With Restrictions
- Days on market
- 155
- MLS®
- R3121127
Features
- Central location
- Elevator
- Pets not Allowed
- Pets Allowed With Restrictions
- Refrigerator
- Stove
Floor plans
Found among the listing photos.
Monthly cost
$2,321/mo
Mortgage $1,786 · Tax $112 · Strata $423
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
- $1,813/mo
- After all costs
- −$688/mo
- Cap rate
- 3.2%
- yearly net rent ÷ price
Costs: mortgage $1,786 · tax $112 · strata $423 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-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 Maywood Community Elementaryhomes in this catchment
800 m away · 4567 Imperial St, Burnaby · 604-296-9022
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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