1 bed · 1 bath · 453 sq ft · 1 parking
Condo · Single Family · built 2013 · 31 days on market
Listed by Wilbur Zhong, Multiple Realty Ltd.
Realtor's description
Studio unit with the open floor plan that flows from the gourmet kitchen to the dining room and to the living room. Very convenient location! Step to Nester's Market, walking distance to restaurants, campus, transit, trails & more. One parking & One storage locker. Great price for investment or for self occupied.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 453 sq ft
- Parking
- 1
- Year built
- 2013
- Property tax
- $1,206 / yr
- Strata fee
- $321 / mo ($0.71 / sq ft)
- Strata rules
- Pets not Allowed
- Days on market
- 31
- MLS®
- R3162287
Features
- Elevator
- Pets not Allowed
- All
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
- −$417/mo
- Cap rate
- 3.8%
- yearly net rent ÷ price
Costs: mortgage $1,534 · tax $101 · strata $321 · 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 University Highlands Elementaryhomes in this catchment
200 m away · 9388 Tower Rd, Burnaby · 604-296-9036
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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