Open houseCondo
$768,000
3109 2181 MADISON AVENUE
Burnaby1 day on market
MLS® R3173793
1 / 26
2 bed · 1 bath · 940 sq ft · 1 parking
Condo · Single Family · built 1977 · 24 days on market
Listed by Matt Grenaghan, Macdonald Realty
Realtor's description
The kind of two bedroom nobody builds anymore. 940 square feet at The Beresford, renovated top to bottom: quartz counters and backsplash, modern cabinetry, designer accents, flat ceilings, pot lights on dimmers, vinyl plank floors throughout, remote blinds. The den is large enough to actually work in, with a built-in desk and storage everywhere. Every window faces south over the courtyard, gardens and pond on the quiet side of the complex. The building has kept pace with many major updates completed in recent years. Heat and hot water included, free laundry on every floor. Edmonds SkyTrain and Byrne Creek Ravine Park are steps away. Catchment: Taylor Park Elementary, Byrne Creek Secondary. Nothing left to do but move in. Open House Saturday, Oct 3rd 3:00-5:00 PM.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 940 sq ft
- Parking
- 1
- Year built
- 1977
- Property tax
- $1,695 / yr
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 24
- MLS®
- R3165743
Features
- Central location
- Private setting
- Elevator
- Pets Allowed With Restrictions
Monthly cost
$2,842/mo
Mortgage $2,701 · Tax $141
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
If you rented it out
- Rent
- $1,824/mo
- After all costs
- −$1,199/mo
- Cap rate
- 2.9%
- yearly net rent ÷ price
Costs: mortgage $2,701 · tax $141 · 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 Taylor Park Elementaryhomes in this catchment
1.0 km away · 7590 Mission Ave, Burnaby · 604-296-9034
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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