2 bed · 2 bath · 1,175 sq ft · 1 parking
Condo · Single Family · built 1986 · 228 days on market
Listed by Kane Cheng, Sutton Group Seafair Realty
Realtor's description
The building features a very elegant lobby entrance, wide hallways, an indoor pool, hot tub, sauna, meeting room, insuite laundry & of course Underground secure parking. 4 units per floor. Rare Penthouse #1601 for sale with 2 balconies. Southeast facing offers immense amount of light; and a satisfying City view. Nicely renovated with granite countertop, newer cabinets, engineered wood in living & 2nd bedroom. Seldom will you find such elegance, character & charm. Prime SE corner with a bright, spacious floor plan. Feels more like a house with the entertainment size living room, gas fireplace (included gas 12-16 flrs), wall of windows & skylights. French doors lead to the den or 2nd bedroom. Too great to miss!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,175 sq ft
- Parking
- 1
- Year built
- 1986
- Property tax
- $2,120 / yr
- Strata fee
- $629 / mo ($0.53 / sq ft)
- Strata rules
- Pets not Allowed
- Days on market
- 228
- MLS®
- R3092384
Features
- Central location
- Cul-de-sac
- Elevator
- Wheelchair access
- Pets not Allowed
- All
Monthly cost
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
- −$2,012/mo
- Cap rate
- 2.1%
- yearly net rent ÷ price
Costs: mortgage $3,311 · tax $177 · strata $629 · 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
Schools
Catchment schools, Burnaby School District 41
- Elementary Chaffey-Burke Elementaryhomes in this catchment
1000 m away · 4404 Sardis St, Burnaby · 604-296-9008
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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