1505 9393 Tower Road

Burnaby · MLS® R3179979

all units at 9393 Tower Rd →

616 sq ft · Condo · Single Family · built 2016 · listed today

listed by Morning Yu, Laboutique Realty

realtor's description

Located in the heart of the vibrant UniverCity community, this home offers exceptional convenience, just steps from shops, transit, campus, and everyday amenities. Situated on the 15th floor, it boasts breathtaking 180-degree south-facing views. The interior features elegant finishes, including engineered hardwood flooring and stainless steel appliances. Includes one parking stall and one storage locker. An excellent opportunity for both homeowners and investors alike.

property details

type: Condo, Single Family
bathrooms: 1
living area: 616 sq ft
parking: 1
year built: 2016
property tax: $1,593 / yr
strata fee: $326 / mo ($0.53 / sq ft)
strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
days on market: 0
MLS®: R3179979

features

Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

the market here

listed now: 58 days; median for 960 condos for sale; this one listed today

Condos in Burnaby. Sale prices register 1 to 3 months after a sale closes.

monthly cost

$2,435/mo

Mortgage $1,976 · Tax $133 · Strata $326

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$1,976/ monthly

loan $359,200

25-year amortization

down payment20% · $89,80020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 30, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $233,633
property transfer tax: $6,980; BC general rate
cash to close: $96,780; down + PTT
total paid: $592,833

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent: $1,440/mo
after all costs: −$1,145/mo
cap rate: 2.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,976 · tax $133 · strata $326 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a studio in North Burnaby, Burnaby: CMHC's average there ($1,292) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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

the building's lot: 8,670 m² (93,323 sq ft) · PID 029-986-346. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

BurnabyGoogle Maps ↗

Rapid transit: Burquitlam SkyTrain station, 2.3 km (about 36 min walk).

schools

Catchment schools, Burnaby School District 41

Elementary University Highlands Elementaryhomes in this catchment
100 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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