406 5535 HASTINGS STREET
Burnaby · MLS® R3131676
1 bed · 1 bath · 585 sq ft · 1 parking
Condo · Single Family · built 2024 · 126 days on market
Listed by Han Lee, JULY Realty
Realtor's description
BRAND NEW! Rare Air Conditioned Corner Unit PENTHOUSE 1 Bed Home! Absolutely Best One Bed Unit in the Whole Complex with STUNNING City & Mountain VIEW! Move in Ready, Very Functional Open concept, 1 King Sized Bedroom +1 Full Bath Luxury condo located in the Prestigious Capitol Hill in North Burnaby. Modern & Contemporary design with quality finishing throughout the whole unit with Quality Bloomberg Stainless Steel appliance packages. Walking distance to Capitol Hill Elementary, Burnaby North Secondary schools & Kensington Park. 2-min drive to Kensington Square Shopping Centre & 5 minute proximity to SFU is a Big Bonus. This residence offers both accessibility and cultural vibrancy. 1 Locker and 1 Parking ALL included. BONUS: Additional Parking may available. This is a Must See!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 585 sq ft
- Parking
- 1
- Year built
- 2024
- Property tax
- $1,692 / yr
- Strata fee
- $303 / mo ($0.52 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 126
- MLS®
- R3131676
Features
- Central location
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- Washer
- Refrigerator
- Dishwasher
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
- $1,710/mo
- After all costs
- −$1,598/mo
- Cap rate
- 2.1%
- yearly net rent ÷ price
Costs: mortgage $2,693 · tax $141 · strata $303 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-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
Location
Schools
Catchment schools, Burnaby School District 41
- Elementary Capitol Hill Elementaryhomes in this catchment
300 m away · 350s Holdom Ave, Burnaby · 604-296-9006
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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