Condo
$459,000
34% less per sq ft705 6055 Nelson Avenue
Burnaby36 days on market
MLS® R3161785
1 / 17
1 bath · 421 sq ft · 1 parking
Condo · Single Family · built 2012 · 219 days on market
Listed by Jason Uppal, LeHomes Realty Premier
Realtor's description
Welcome to this well-designed studio at 7738 Edmonds Street, offering excellent functionality and exceptional usable space in a central Burnaby location. Thoughtfully laid out, this home features an open-concept living and sleeping area, a functional kitchen, and abundant in-suite storage, including two mirrored closets and a separate pantry, maximizing organization and everyday comfort. Conveniently located close to BCIT and Douglas College, along with grocery stores, restaurants, medical offices, and daily services. Enjoy nearby green space with Robert Burnaby Park just minutes away. An excellent opportunity for first-time buyers, students, or investors seeking a low-maintenance, well-connected home.
Property details
- Type
- Condo, Single Family
- Bathrooms
- 1
- Living area
- 421 sq ft
- Parking
- 1
- Year built
- 2012
- Property tax
- $1,145 / yr
- Strata fee
- $236 / mo ($0.56 / sq ft)
- Strata rules
- Pets not Allowed, Rentals Allowed With Restrictions
- Days on market
- 219
- MLS®
- R3096578
Features
- Central location
- Elevator
- Wheelchair access
- Pets not Allowed
- Rentals Allowed With Restrictions
- All
Monthly cost
$2,026/mo
Mortgage $1,695 · Tax $95 · Strata $236
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
- $1,429/mo
- After all costs
- −$746/mo
- Cap rate
- 2.9%
- yearly net rent ÷ price
Costs: mortgage $1,695 · tax $95 · strata $236 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a studio 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 Edmonds Community Elementaryhomes in this catchment
300 m away · 7651 18th Ave, Burnaby · 604-296-9012
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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