Condo
$565,000
2607 2181 MADISON AVENUE
Burnaby1 day on market
MLS® R3173954
1 / 2
2 bed · 2 bath · 731 sq ft · 1 parking
Condo · Single Family · built 2020 · 1 day on market
Listed by Nina Park, Sutton Group - 1st West Realty
Realtor's description
Discover this bright, east-facing 2-bedroom + study nook, 2-bathroom residence offering 731 sq. ft. of stylish and functional living space. Floor-to-ceiling windows invite abundant natural light, while the contemporary kitchen showcases Bosch appliances, quartz countertops, a marble backsplash, and a built-in dining table. Residents enjoy access to over 25,O00 sq. ft. of exceptional amenities, including a fitness centre, yoga and music rooms, guest suites, and 24-hour concierge service. Ideally situated within walking distance of SkyTrain, Brentwood Town Centre, and The Amazing Brentwood's 250+ shops and restaurants. One parking stall and one storage locker included.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 731 sq ft
- Parking
- 1
- Year built
- 2020
- Property tax
- $2,279 / yr
- Strata fee
- $440 / mo ($0.60 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 1
- MLS®
- R3173840
Features
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Monthly cost
$3,658/mo
Mortgage $3,028 · Tax $190 · Strata $440
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
- $2,110/mo
- After all costs
- −$1,752/mo
- Cap rate
- 2.2%
- yearly net rent ÷ price
Costs: mortgage $3,028 · tax $190 · strata $440 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in North 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 Brentwood Park Elementaryhomes in this catchment
700 m away · 1455 Delta Ave, Burnaby · 604-296-9003
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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