2803 2388 Madison Avenue

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

rent

$2,390/mo

after all costs

−$1,582/mo

cap rate

2.6%

yearly net rent ÷ price

Costs: mortgage $3,076 · tax $213 · strata $456 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in North Burnaby, Burnaby: CMHC's average there ($2,110) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Rapid transit: Gilmore SkyTrain station, 500 m (about 7 min walk); Brentwood Town Centre SkyTrain station, 600 m (about 10 min walk).

Estimated tax up 0.5% from 2025 to 2026.

The listing shows $2,561 a year in property tax.

Estimate: the BC Assessment value times Burnaby's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

listed now

58 days

median for 961 condos for sale; this one 11 days

Condos in Burnaby. Sale prices register 1 to 3 months after a sale closes.

the building's lot: 7,523 m² (80,977 sq ft) · PID 030-969-212. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Rapid transit: Gilmore SkyTrain station, 500 m (about 7 min walk); Brentwood Town Centre SkyTrain station, 600 m (about 10 min walk).