Condo
$565,000
2607 2181 MADISON AVENUE
Burnaby1 day on market
MLS® R3173954
1 / 35
2 bed · 2 bath · 972 sq ft · 2 parking
Townhouse · Single Family · built 2004 · 18 days on market
Listed by Chris Frederickson, Oakwyn Realty Ltd.
Realtor's description
Welcome to OAKWOOD - Located on a quiet street near Deer Lake Park, shopping, restaurants, Metrotown, SkyTrain & schools. Built by Intracorp, this beautifully renovated 2 bedroom, 2 bathroom townhome pairs high ceilings with open-concept living. The stylish kitchen features stainless steel appliances, complemented by laminate floors, updated bathrooms & LED smart lighting. Enjoy your private rooftop terrace to soak up the sunshine & take in mountain and city views, an inviting setting for morning coffee or evening gatherings. Move-in ready & complete with 2 secured underground parking stalls, Pet (2 cats/dogs) & Rental friendly this home offers everyday convenience with gas & hot water included in the strata fees.
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 972 sq ft
- Parking
- 2
- Year built
- 2004
- Property tax
- $2,474 / yr
- Strata fee
- $374 / mo ($0.38 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 18
- MLS®
- R3168074
Features
- Central location
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$3,891/mo
Mortgage $3,311 · Tax $206 · Strata $374
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
- $2,325/mo
- After all costs
- −$1,927/mo
- Cap rate
- 2.2%
- yearly net rent ÷ price
Costs: mortgage $3,311 · tax $206 · strata $374 · insurance ~$175 · 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
BurnabyGoogle Maps ↗
Schools
Catchment schools, Burnaby School District 41
- Elementary Marlborough Elementaryhomes in this catchment
800 m away · 6060 Marlborough Ave, Burnaby · 604-296-9021
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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