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$749,900

1705 6240 MCKAY AVENUE

Burnaby · MLS® R3165215

2 bed · 2 bath · 1,170 sq ft · 1 parking

Condo · Single Family · built 1991 · 23 days on market

Listed by Corey Zach, Sutton Group-West Coast Realty

Bright & spacious 2 BED + 2 BATH home in the heart of Metrotown with panoramic mountain & city views. Expansive windows bring in abundant natural light. Flexible SOLARIUM is ideal as a home office/den or could be used as a 3RD BEDROOM. Spacious living area for comfortable living & entertaining. Enjoy Resort Style amenities including indoor swimming pool, hot tub, sauna, fitness centre & landscaped garden terrace. Extensive building updates include RE-PIPING (2016), NEW LOBBY & NEW ELEVATORS. LOW MAINTENANCE FEES. Includes secured parking & locker. Steps to Metrotown, Crystal Mall, Bonsor, Central Park, Library, SkyTrain & transit. Pets & rentals allowed. Fantastic opportunity in a prime location! OPEN HOUSE - SAT 26TH 3:00-5:00PM

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,170 sq ft
Parking: 1
Year built: 1991
Property tax: $2,275 / yr
Strata fee: $286 / mo ($0.24 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 23
MLS®: R3165215

Buying in a building from 1982 to 2000: what to read first

Below typical for the area (-26%)

2026 assessment: $807,000 · asking is -7.1%
Price per sq ft: $641 vs $869 median for condos in Burnaby for sale (992)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Central location
Elevator
Pets Allowed With Restrictions
All

On market 23 days

Listed now: 55 days; median for 992 condos for sale; this one 23 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

$3,743/mo

Mortgage $3,267 · Tax $190 · Strata $286

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$3,267/ monthly

loan $599,920

25-year amortization

down payment20% · $149,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $380,253
property transfer tax: $12,998; BC general rate
cash to close: $162,978; down + PTT
total paid: $980,173

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Rent: $2,325/mo
After all costs: −$1,639/mo
Cap rate: 2.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,267 · tax $190 · strata $286 · 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

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