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$425,000

402 5340 HASTINGS STREET

Burnaby · MLS® R3138013

2 bed · 1 bath · 865 sq ft · 2 parking

Condo · Single Family · built 1975 · 109 days on market

Listed by Andreas Willms, Real Broker B.C. Ltd.

Top-floor corner unit sharing only one wall! Spacious and functional layout with updated kitchen, bathroom, and flooring, plus a cozy wood-burning fireplace. Large 22'6 x 5'9 east-facing balcony. Walk to Capital Hill Elementary and Burnaby North Secondary, on the bus route, short drive to Holdom SkyTrain, and close to Kensington Mall. Heat and hot water included. Well-maintained complex with healthy CRF; repiped in 2003, roof replaced in 2011, exterior painted in 2016 per strata. Laundry on 1st and 4th floors. Includes 1 parking 1 rented parking for $20/mo and 1 locker. 1 cat or dog allowed, no size restrictions. Professionally measured 890 sq. ft .; strata plan 865 sq. ft.

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 865 sq ft
Parking: 2
Year built: 1975
Property tax: $1,725 / yr
Strata fee: $495 / mo ($0.57 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 109
MLS®: R3138013

Price per sq ft: $491 vs $869 median for condos in Burnaby for sale (992)

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
Elevator
Pets Allowed With Restrictions
All

On market 109 days

Listed now: 55 days; median for 992 condos for sale; this one 109 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 Maps can be out of date or miss a lot line; confirm with the municipality.

$2,490/mo

Mortgage $1,852 · Tax $144 · Strata $495

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

estimated payment

$1,852/ monthly

loan $340,000

25-year amortization

down payment20% · $85,00020%+ 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: $215,505
property transfer tax: $6,500; BC general rate
cash to close: $91,500; down + PTT
total paid: $555,505

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: −$584/mo
Cap rate: 3.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,852 · tax $144 · strata $495 · 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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