2 bed · 2 bath · 922 sq ft · 1 parking
Condo · Single Family · built 1986 · 94 days on market
Listed by Henry Wu, Selmak Realty Limited
Realtor's description
Large airy 922 SF, layout with open kitchen and living room. 2 bdrms, 2 full bathrms. New renovations with premium flooring, kitchen counter, bathroom cabinet and fixtures. This unit has an unobstructed south facing view of Fraser Valley and Mount Baker from both bedrooms and living room. Conveniently located one block from Skytrain and Lougheed Town Centre. One parking and one locker. Price over $93,000 below the assessment. All meas. are approx. Buyer to verify.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 922 sq ft
- Parking
- 1
- Year built
- 1986
- Property tax
- $1,822 / yr
- Strata fee
- $468 / mo ($0.51 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 94
- MLS®
- R3143752
Features
- Elevator
- Pets Allowed With Restrictions
- Rentals 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
- $1,824/mo
- After all costs
- −$1,155/mo
- Cap rate
- 2.5%
- yearly net rent ÷ price
Costs: mortgage $2,178 · tax $152 · strata $468 · 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
Schools
Catchment schools, Burnaby School District 41
- Elementary Cameron Elementaryhomes in this catchment
300 m away · 9540 Erickson Dr, Burnaby · 604-296-9005
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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