1705 6240 McKay Avenue

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

rent

$2,630/mo

after all costs

−$1,140/mo

cap rate

3.3%

yearly net rent ÷ price

Costs: mortgage $3,049 · tax $190 · strata $286 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Central Park/Metrotown, Burnaby: CMHC's average there ($2,325) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% 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.

Catchment schools, Burnaby School District 41

• Elementary Maywood Community Elementaryhomes in this catchment

  600 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.