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$799,000

501 6220 MCKAY AVENUE

Burnaby · MLS® R3156786

2 bed · 2 bath · 1,307 sq ft · 2 parking

Condo · Single Family · built 1991 · 52 days on market

Listed by Michael Du, LeHomes Realty Premier

Realtor's description

GREAT LOCATION IN HEART OF METROTOWN PLUS BONUS 2 PARKING SPOTS. FULLY RENOVATED IN APRIL 2018: NEW HARDWOOD FLOOR, NEW KITCHEN AND BATHROOM, NEW PAINTING. GRANDE CORNICHE II. LARGE CORNER UNIT WITH 2 BEDROOMS PLUS DEN. INCLUDES 4 PIECE EN-SUITE, IN SUITE LAUNDRY, WOOD FLOORS IN THE MAIN LIVING AREA, 2 PARKING SPOTS SIDE BY SIDE PLUS STORAGE LOCKER. LOTS OF SHOPPING AT YOUR DOOR STEP, BURNABY LIBRARY, CENTRAL PARK, METROTOWN AND CRYSTAL MALL, BONSOR COMMUNITY CENTER, SKYTRAIN, BUS HUB. VERY CENTRALLY LOCATED. MUST SEE.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,307 sq ft
Parking: 2
Year built: 1991
Property tax: $2,393 / yr
Strata fee: $453 / mo ($0.35 / sq ft)
Strata rules: Pets not Allowed, Rentals Allowed With Restrictions
Days on market: 52
MLS®: R3156786

Buying in a building from 1982 to 2000: what to read first

Features

Central location
Pets not Allowed
Rentals Allowed With Restrictions
All

Price check

Below typical for the area (-30%)

2026 assessment: $788,000 · asking is +1.4%
Price per sq ft: $611 vs $870 median for condos in Burnaby for sale (975)

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.

Property insights

On market 52 days · no price changes so far

The market here

Listed now: 51 days; median for 1047 condos for sale; this one 52 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$788,000	$2,588

The listing shows $2,393 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

$4,133/mo

Mortgage $3,481 · Tax $199 · Strata $453

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

estimated payment

$3,481/ monthly

loan $639,200

25-year amortization

down payment20% · $159,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $405,150
property transfer tax: $13,980; BC general rate
cash to close: $173,780; down + PTT
total paid: $1,044,350

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.

If you rented it out

Rent: $2,325/mo
After all costs: −$2,029/mo
Cap rate: 2.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,481 · tax $199 · strata $453 · 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

The building's lot: 2,958 m² (31,840 sq ft) · PID 017-329-221. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

BurnabyGoogle Maps ↗

Location

BurnabyGoogle Maps ↗

Schools

Catchment schools, Burnaby School District 41

Elementary Maywood Community Elementaryhomes in this catchment
600 m away · 4567 Imperial St, Burnaby · 604-296-9022

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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