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$625,000

216 5355 LANE STREET

Burnaby · MLS® R3159605

2 bed · 2 bath · 743 sq ft · 1 parking

Condo · Single Family · built 2019 · 40 days on market

Listed by Jackie Devonshire, Oakwyn Realty Ltd.

Bright and serene 2 bedroom 2 bathroom home Conveniently located between the two largest parks in Burnaby, and within walking distance to Metrotown, Royal Oak Station, La Foret Cafe, Doggy Daycares. The home features North facing mountain views and is privately situated on the quiet side of the building, with no neighbors directly across from you. Open chefs kitchen featuring stainless steel appliances, quartz countertops, and plenty of storage. Laminate flooring throughout. The building hosts a party room, extra large storage lockers, and EV charging for only $30/month. as well as a pet groomer, pharmacy, TCM practitioner, nail spa and more. Open Sun. Aug 30th 2:30-4pm

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 743 sq ft
Parking: 1
Year built: 2019
Property tax: $2,086 / yr
Strata fee: $459 / mo ($0.62 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 40
MLS®: R3159605

Typical for the area (-3.3%)

Price per sq ft: $841 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
Private setting
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions

On market 40 days

Listed now: 55 days; median for 992 condos for sale; this one 40 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 Maps can be out of date or miss a lot line; confirm with the municipality.

$3,356/mo

Mortgage $2,723 · Tax $174 · Strata $459

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

estimated payment

$2,723/ monthly

loan $500,000

25-year amortization

down payment20% · $125,00020%+ 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: $316,920
property transfer tax: $10,500; BC general rate
cash to close: $135,500; down + PTT
total paid: $816,920

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: −$1,252/mo
Cap rate: 2.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,723 · tax $174 · strata $459 · 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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