Condo
$565,000
2607 2181 MADISON AVENUE
Burnaby1 day on market
MLS® R3173954
1 / 40
2 bed · 2 bath · 969 sq ft · 1 parking
Condo · Single Family · built 1994 · 1 day on market
Listed by Wilson Su, Oakwyn Realty Ltd.
Realtor's description
Northeast corner home on the 16th floor of Strathmore Towers. 969 sq ft, with the two bedrooms set on opposite sides of the plan and each served by its own four-piece bath. Floor-to-ceiling windows wrap the living room to mountain and city views, gas fireplace, balcony off the living room and bedroom. A curved bay window frames the dining area beside the kitchen. Wide-plank flooring throughout, in-suite laundry, one secured parking and a storage locker. The monthly fee covers hot water, caretaker, gardening, garbage and management, plus outdoor pool, whirlpool, sauna, tennis court, exercise centre and bike room. The current special levy will be paid in full by the seller on completion. Minutes to Lougheed Town Centre SkyTrain, The City of Lougheed shops, dining and Cameron Library.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 969 sq ft
- Parking
- 1
- Year built
- 1994
- Property tax
- $1,952 / yr
- Strata fee
- $435 / mo ($0.45 / sq ft)
- Strata rules
- Adult Oriented, Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 1
- MLS®
- R3174046
Features
- Central location
- Private setting
- Elevator
- Adult Oriented
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
Monthly cost
$3,033/mo
Mortgage $2,436 · Tax $163 · Strata $435
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
- $1,824/mo
- After all costs
- −$1,390/mo
- Cap rate
- 2.2%
- yearly net rent ÷ price
Costs: mortgage $2,436 · tax $163 · strata $435 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Southeast 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
Location
BurnabyGoogle Maps ↗
Schools
Catchment schools, Burnaby School District 41
- Elementary Cameron Elementaryhomes in this catchment
500 m away · 9540 Erickson Dr, Burnaby · 604-296-9005
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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