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$695,000

3806 2388 MADISON AVENUE

Burnaby · MLS® R3160878

2 bed · 2 bath · 805 sq ft · 1 parking

Condo · Single Family · built 2019 · 35 days on market

Listed by Tony Tran, Grand Central Realty

Home with spectacular mountain view. Beautiful 2 beds, 2 baths with North West view. Open concept, kitchen cabinets with a large island that provide tons of storage. Very right living room that access to the large balcony. Bedrooms are away from each other to provide more privacy. Need new paint job and shampoo carpet in both bedrooms. This building included one of the best amenities with bike boom, club house, exercise center, guest suite, outdoor pool, sauna/steam room, swirl pool and hot tub, roof top garden. Mins away from restaurants, shop, liquor store, Skytrain, banks, Brentwood Town Centre. 20 mins Downtown. School catchment are Alpha Secondary with French Immersion, Armstrong Elementary school with French Immersion . 1 Parking L1-#279. 1 LOCKER P3 R306 #62.

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 805 sq ft
Parking: 1
Year built: 2019
Property tax: $2,504 / yr
Strata fee: $433 / mo ($0.54 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 35
MLS®: R3160878

Typical for the area (-0.6%)

2026 assessment: $765,000 · asking is -9.2%
Price per sq ft: $863 vs $868 median for condos in Burnaby for sale (987)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Central location
Pets Allowed With Restrictions
All

On market 35 days

Listed now: 54 days; median for 987 condos for sale; this one 35 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

$3,669/mo

Mortgage $3,028 · Tax $209 · Strata $433

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$3,028/ monthly

loan $556,000

25-year amortization

down payment20% · $139,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $352,415
property transfer tax: $11,900; BC general rate
cash to close: $150,900; down + PTT
total paid: $908,415

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Rent: $2,110/mo
After all costs: −$1,763/mo
Cap rate: 2.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,028 · tax $209 · strata $433 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in North 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

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