4308 4880 Lougheed Highway

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$558,000

4308 4880 Lougheed Highway

Burnaby · MLS® R3176954

all units at 4880 Lougheed Hwy →

111

561 sq ft · Condo · Single Family · built 2024 · 6 days on market

listed by Jerry Park, Sutton Group - Vancouver First Realty

realtor's description

Welcome to Concord Brentwood Hillside East! This bright and well-designed 1 bedroom + den home offers exceptional value and a versatile den ideal for a home office or extra storage. Enjoy premium resort-style amenities and unbeatable convenience, jsut a short walk to Brentwood Town Centre and SkyTrain, with Downtown Vancouver only 20 minutes away. A FANTASTIC OPPORTUNITY TO OWN in one of Brentwood's sought-after communities and make the most of urban living! Open house: Sun, Oct 25, 2-4pm

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 561 sq ft
parking: 1
year built: 2024
property tax: $2,001 / yr
strata fee: $328 / mo ($0.58 / sq ft)
strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
days on market: 6
MLS®: R3176954

features

Central location
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

the market here

listed now: 59 days; median for 974 condos for sale; this one 6 days

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

property tax by year

year	assessed	est. tax
2026	$609,000	$2,000
2025	$698,000	$2,078

Estimated tax down 3.8% from 2025 to 2026.

The listing shows $2,001 a year in property tax.

Estimate: the BC Assessment value times Burnaby's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

monthly cost

$2,926/mo

Mortgage $2,431 · Tax $167 · Strata $328

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

estimated payment

$2,431/ monthly

loan $446,400

25-year amortization

down payment20% · $111,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 26, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $282,946
property transfer tax: $9,160; BC general rate
cash to close: $120,760; down + PTT
total paid: $729,346

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent: $1,960/mo
after all costs: −$1,158/mo
cap rate: 2.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,431 · tax $167 · strata $328 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in North Burnaby, Burnaby: CMHC's average there ($1,710) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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