Condo
$448,800
501 6055 NELSON AVENUE
Burnabylisted today
1 bd1 ba805 sq ft
MLS® R31736651 / 23
$599,000
401 4830 BENNETT STREET
Burnaby · MLS® R3168592
2 bed · 2 bath · 1,067 sq ft · 1 parking
Condo · Single Family · built 1992 · 15 days on market
Listed by Benson Lee, Nu Stream Realty Inc.
Realtor's description
Rarely available, spacious corner home at The Balmoral in the heart of Metrotown, with only 4 units per floor. This bright 2 bed, 2 bath home in a well-maintained concrete building features two large balconies, 9-ft ceilings, a cozy gas fireplace, and fresh paint throughout.Enjoy unbeatable walkability to shopping, dining, transit, recreation, and daily essentials. Includes 1 parking and 1 storage locker. A move-in-ready home in a highly sought-after location - book your private showing today! The first showing will take place during the open house on Sunday, September 27, from 1:00 to 4:00 p.m. Offers, if any, must be emailed to bensonleehome@gmail.com by 6:00 p.m. on October 6, 2026. This property is co-listed with a team. Please attach Schedule A to all offers.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,067 sq ft
- Parking
- 1
- Year built
- 1992
- Property tax
- $2,184 / yr
- Strata fee
- $506 / mo ($0.47 / sq ft)
- Strata rules
- Pets not Allowed, Rentals Allowed With Restrictions
- Days on market
- 15
- MLS®
- R3168592
Features
- Central location
- Elevator
- Wheelchair access
- Pets not Allowed
- Rentals Allowed With Restrictions
- All
Monthly cost
$3,297/mo
Mortgage $2,610 · Tax $182 · Strata $506
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
- −$1,193/mo
- Cap rate
- 2.8%
- yearly net rent ÷ price
Costs: mortgage $2,610 · tax $182 · strata $506 · 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
BurnabyGoogle Maps ↗
Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.
