Open houseCondo
$768,000
3109 2181 MADISON AVENUE
Burnaby1 day on market
MLS® R3173793
1 / 40
3 bed · 2 bath · 937 sq ft · 1 parking
Condo · Single Family · built 2021 · 10 days on market
Listed by Eric Lee, Sutton Group-West Coast Realty
Open house · Saturday, October 10, 2pm–4pm
Realtor's description
POLARIS at Metrotown! This stunning 3 Bed + 2 Bath corner unit offers modern luxury living in the heart of Burnaby. Featuring air conditioning, 9´ ceilings, wide plank engineered hardwood flooring, and a private balcony. The gourmet kitchen includes Italian-crafted Stosa cabinetry, premium Miele appliances, quartz countertops, and a full-height backsplash. Exceptional amenities include a 10,000 sq.ft. landscaped courtyard, fitness centre, guest suite, games & meeting rooms, golf simulator, party lounge with outdoor BBQ terrace, and 24-hour concierge. Steps to shopping, dining, and SkyTrain. Includes 1 parking stall and 1 storage locker. EV charger installation available. Open House: Oct 10 & 11, 2-4 PM.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 937 sq ft
- Parking
- 1
- Year built
- 2021
- Property tax
- $3,054 / yr
- Strata fee
- $540 / mo ($0.58 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 10
- MLS®
- R3170807
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Monthly cost
$4,537/mo
Mortgage $3,743 · Tax $255 · Strata $540
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
- $2,586/mo
- After all costs
- −$2,193/mo
- Cap rate
- 2.2%
- yearly net rent ÷ price
Costs: mortgage $3,743 · tax $255 · strata $540 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 3+ 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
BurnabyGoogle Maps ↗
Schools
Catchment schools, Burnaby School District 41
- Elementary Maywood Community Elementaryhomes in this catchment
500 m away · 4567 Imperial St, Burnaby · 604-296-9022
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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