Open houseCondo
$768,000
3109 2181 MADISON AVENUE
Burnaby1 day on market
MLS® R3173793
1 / 20
2 bed · 2 bath · 882 sq ft · 1 parking
Condo · Single Family · built 2024 · 115 days on market
Listed by Hansu Lee, Sutton Group - 1st West Realty
Realtor's description
Welcome to Azure 2 by Ledingham McAllister-a stunning southeast corner unit in the heart of the Edmonds neighborhood. Located within the premier Southgate Master-Planned Community, this 2-bedroom, 2-bathroom home offers breathtaking, 270-degree unobstructed views. The modern interior features a premium stainless-steel appliance package with a gas cooktop and a convenient front-loading washer and dryer. Perfectly situated, it is just a 10-minute walk to the Edmonds SkyTrain station and within easy walking distance to a variety of local restaurants, shops, and everyday services
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 882 sq ft
- Parking
- 1
- Year built
- 2024
- Property tax
- $2,774 / yr
- Strata fee
- $447 / mo ($0.51 / sq ft)
- Days on market
- 115
- MLS®
- R3136593
Monthly cost
$4,290/mo
Mortgage $3,612 · Tax $231 · Strata $447
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
- −$2,647/mo
- Cap rate
- 1.4%
- yearly net rent ÷ price
Costs: mortgage $3,612 · tax $231 · strata $447 · 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 Stride Avenue Community Elementaryhomes in this catchment
400 m away · 7014 Stride Ave, Burnaby · 604-296-9032
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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