Open houseCondo29 photos
$565,000
507 7579 16TH STREET
Burnabylisted today
1 bd1 ba640 sq ft
MLS® R31733241 / 31
$550,000
516 9250 UNIVERSITY HIGH STREET
Burnaby · MLS® R3156944
2 bed · 2 bath · 994 sq ft · 2 parking
Condo · Single Family · built 2012 · 50 days on market
Listed by Mark Gomes, Stilhavn Real Estate Services
Welcome to Nest by Mosaic on Burnaby Mountain, where nature and lifestyle meet. This 5th Floor, northwest-facing, 2 bedroom, 2 full bathroom, corner unit includes 2 balconies, one of which offers spectacular southern views encompassing the San Juan Islands. The open concept living area is highlighted by a striking brick-inspired feature wall, custom built-in cabinetry, quartz countertops, and stainless steel appliances, perfect for everyday living and entertaining. The primary bedroom includes a walk-in closet and spa-like ensuite. A major highlight is TWO EV readyParking Stalls, a rare and valuable offering on Burnaby Mountain. Quality finishes include 9´ ceilings and in-floor radiant heating. Surrounded by forested trails and just steps to Nester´s Market, cafés, schools, SFU amenities, and transit, this is an exceptional opportunity for both end-users and investors. Maintenance Fee includes Heat and Hot Water.
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 994 sq ft
- Parking
- 2
- Year built
- 2012
- Property tax
- $1,952 / yr
- Strata fee
- $669 / mo ($0.67 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 50
- MLS®
- R3156944
- Central location
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
$3,228/mo
Mortgage $2,396 · Tax $163 · Strata $669
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
- Rent
- $2,110/mo
- After all costs
- −$1,322/mo
- Cap rate
- 2.3%
- yearly net rent ÷ price
Costs: mortgage $2,396 · tax $163 · strata $669 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-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
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