2 bed · 2 bath · 835 sq ft · 1 parking
Condo · Single Family · built 2023 · 297 days on market
Listed by Howie Qu, RE/MAX Masters Realty
Realtor's description
Welcome to this exceptional 2-bedroom, 2-bathroom corner residence on the 50th floor of Tower ONE at The City of Lougheed. Floor-to-ceiling windows frame breathtaking, unobstructed panoramic views, while a wrap-around balcony offers the perfect setting for relaxation or entertaining. Designed with sophistication, the home features air conditioning, premium appliances, Italian cabinetry, and a spacious kitchen with island. Generous bedrooms provide excellent closet space, and the building offers concierge service, five high-speed elevators, and a three-level Amenity Pavilion with gym, games, bocce courts, putting green, workstations, and more. Residents enjoy direct access to shopping, dining, parks, and three SkyTrain lines, combining luxury, convenience, and lifestyle in ONE. Units 5001 & 5002 can also be purchased together, creating a spacious 5-bedroom, 5-bathroom residence with over 2,000 sq.ft.. of living space. The connected balconies between the two homes, offering both privacy and convenience.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 835 sq ft
- Parking
- 1
- Year built
- 2023
- Property tax
- $2,758 / yr
- Strata fee
- $503 / mo ($0.60 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 297
- MLS®
- R3074095
Features
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
- Oven - Built-In
Floor plans
Found among the listing photos.
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
- −$2,745/mo
- Cap rate
- 1.3%
- yearly net rent ÷ price
Costs: mortgage $3,655 · tax $230 · strata $503 · insurance ~$35 · 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 Cameron Elementaryhomes in this catchment
400 m away · 9540 Erickson Dr, Burnaby · 604-296-9005
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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