Condo
$648,000
4809 4670 Assembly Way
Burnaby17 days on market
listed by Oakwyn Realty Ltd.
MLS® R3173680
604 8761 University Crescent
221
940 sq ft · Condo · Single Family · built 2022 · 192 days on market
listed by Gindy Gill, 292817
realtor's description
Welcome to this beautifully maintained 2 bed, 2 bath corner unit in the heart of the vibrant SFU community in North Burnaby! Enjoy spectacular panoramic views of the city skyline and surrounding mountains from your bright, open-concept living space with large windows and abundant natural light. Features a modern kitchen with designer flooring, sleek cabinetry, and functional layout perfect for both everyday living and entertaining. Home has been meticulously cared for, never rented and offering true pride of ownership. Located in an unbeatable neighborhood with transit, daycare, elementary school, shops, and scenic hiking trails just steps away. Includes 1 parking stall and 1 storage locker for added convenience.
property details
- type
- Condo, Single Family
- bedrooms
- 2
- bathrooms
- 2
- living area
- 940 sq ft
- parking
- 1
- year built
- 2022
- property tax
- $2,554 / yr
- strata fee
- $499 / mo ($0.53 / sq ft)
- strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- days on market
- 192
- MLS®
- R3111660
features
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
- Refrigerator
- Dishwasher
monthly cost
$3,669/mo
Mortgage $2,958 · Tax $213 · Strata $499
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
- $2,390/mo
- after all costs
- −$1,505/mo
- cap rate
- 2.6%
- yearly net rent ÷ price
Costs: mortgage $2,958 · tax $213 · strata $499 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in North Burnaby, Burnaby: CMHC's average there ($2,110) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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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