309 7368 ROYAL OAK AVENUE
Burnaby · MLS® R3116737
2 bed · 2 bath · 1,045 sq ft · 1 parking
Condo · Single Family · built 1989 · 162 days on market
Listed by Eric Zamora, Rennie & Associates Realty Ltd.
Realtor's description
TOP FLOOR! Welcome to this spacious 2 Bed, 2 Bath home offering 1,045 square ft of bright, functional living in the heart of Metrotown. Featuring open concept, large living and dining area, laminate flooring, NEW stove, NEW fridge, recent dishwasher, very generous sized bedrooms on opposite sides of the home, and full laundry laundry room with in-suite storage/pantry. Relax or entertain on your private sunny balcony. The primary bedroom easily fits a king bed and includes a walk-in closet and ensuite. Just steps to Royal Oak SkyTrain, Metrotown, T&T, Bonsor, parks, and schools. 1 parking & 1 storage included. MUST SEE VIRTUAL TOUR!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,045 sq ft
- Parking
- 1
- Year built
- 1989
- Property tax
- $1,850 / yr
- Strata fee
- $488 / mo ($0.47 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 162
- MLS®
- R3116737
Features
- Central location
- 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
- $2,325/mo
- After all costs
- −$1,261/mo
- Cap rate
- 2.8%
- yearly net rent ÷ price
Costs: mortgage $2,723 · tax $154 · strata $488 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-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
Schools
Catchment schools, Burnaby School District 41
- Elementary Nelson Elementaryhomes in this catchment
500 m away · 4850 Irmin St, Burnaby · 604-296-9025
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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