40 7520 18TH STREET
Burnaby · MLS® R3148517
2 bed · 2 bath · 1,055 sq ft · 1 parking
Townhouse · Single Family · built 1992 · 78 days on market
Listed by Linda Qin, Macdonald Realty Westmar
Realtor's description
Welcome to this beautifully renovated upper-level townhouse in the heart of Burnaby´s sought-after Edmonds neighborhood. This bright 2-bedroom, 2 full-bath home offers an ideal layout with east-facing exposure, abundant natural light, and a peaceful outlook overlooking a park. The owners completed a major renovation in 2025, thoughtfully upgrading the home for modern comfort and style-completely move-in ready. Enjoy the perfect balance of convenience and tranquility: just steps to elementary and high schools, and within walking distance to Edmonds SkyTrain Station, Highgate Mall, library, and bus routes-yet tucked away in a quiet, green setting. One parking and is ideal for families, professionals, downsizers in a prime Burnaby location. open-3:45-5pm on Sat.
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,055 sq ft
- Parking
- 1
- Year built
- 1992
- Property tax
- $1,550 / yr
- Strata fee
- $429 / mo ($0.41 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 78
- MLS®
- R3148517
Features
- Pets Allowed With Restrictions
- All
- Oven - Built-In
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
- $1,824/mo
- After all costs
- −$2,053/mo
- Cap rate
- 1.6%
- yearly net rent ÷ price
Costs: mortgage $2,998 · tax $129 · strata $429 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-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
Schools
Catchment schools, Burnaby School District 41
- Elementary Stride Avenue Community Elementaryhomes in this catchment
200 m away · 7014 Stride Ave, Burnaby · 604-296-9032
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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