2 bed · 2 bath · 975 sq ft
Condo · Single Family · built 1990 · 65 days on market
Listed by Stella Yiu, Sutton Group-West Coast Realty
Realtor's description
Well maintained apartment located at Burnaby Metrotown area, corner of Royal Oak Avenue and Victory Street. Unbeatable location, one block to Royal Oak Skytrain. 975 s.f. NE corner unit, quiet unit facing inside. 2 bedrooms and 2 bathrooms has large balcony, this unit has its own hot water tank, price included one parking stall and one storage locker. School catchment: Nelson Elementary and Burnaby South Secondary. Close to Metrotown Centre, restaurants, neighbourhood shopping. All measurements are approx. buyer to verify if deem important. Immediate Possession.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 975 sq ft
- Parking
- 0
- Year built
- 1990
- Property tax
- $1,937 / yr
- Strata fee
- $385 / mo ($0.40 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 65
- MLS®
- R3152746
Features
- Central location
- Private setting
- Elevator
- Pets Allowed With Restrictions
- All
Monthly cost
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
- $2,325/mo
- After all costs
- −$970/mo
- Cap rate
- 3.2%
- yearly net rent ÷ price
Costs: mortgage $2,527 · tax $161 · strata $385 · 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
Location
Schools
Catchment schools, Burnaby School District 41
- Elementary Nelson Elementaryhomes in this catchment
600 m away · 4850 Irmin St, Burnaby · 604-296-9025
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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