Condo
$549,900
2301 7388 KINGSWAY
Burnaby30 days on market
MLS® R3163099
1 / 18
1 bed · 1 bath · 567 sq ft · 1 parking
Condo · Single Family · built 2023 · 44 days on market
Listed by Daxal Kholwadwala, Sutton Centre Realty
Realtor's description
Welcome to this bright and thoughtfully designed 1-bedroom, 1-bathroom condo by Shape offering 567 sq. ft. of comfortable living space in a newer 2023-built community, comes with 1 parking & 1 storage. Enjoy an east-facing exposure with plenty of natural morning light and a convenient location just steps from the Skytrain, banks, grocery stores, and everyday amenities. The building offers an impressive range of amenities, making this an excellent opportunity for first-time buyers, investors, or anyone looking for convenient urban living. Don't miss this fantastic home in a highly connected and desirable location!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 567 sq ft
- Parking
- 1
- Year built
- 2023
- Property tax
- $1,739 / yr
- Strata fee
- $362 / mo ($0.64 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 44
- MLS®
- R3158974
Features
- Elevator
- Pets Allowed
- All
- Oven - Built-In
Floor plans
Found among the listing photos.
Monthly cost
$2,904/mo
Mortgage $2,396 · Tax $145 · Strata $362
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
- $1,564/mo
- After all costs
- −$1,500/mo
- Cap rate
- 2.0%
- yearly net rent ÷ price
Costs: mortgage $2,396 · tax $145 · strata $362 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-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 Cameron Elementaryhomes in this catchment
400 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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