
3 bed · 2 bath · 932 sq ft · 1 parking
Condo · Single Family · built 2023 · 95 days on market
Listed by Michelle Chung, Sutton Group - 1st West Realty
Realtor's description
Welcome to City of Lougheed Tower 2, the latest vibrant development by Shape Properties! This stunning 3-bedroom, 2-bath corner SE unit features high-end Bosch appliances, full Italian cabinetry, and elegant quartz countertops throughout. Enjoy central air conditioning for year-round comfort, or host BBQs on the oversized balcony. With amenities such as a fitness center, entertainment lounge, and putting green, you'll have everything you need. Conveniently located near Lougheed Mall, Walmart, PriceSmart, and five banks (TD, BMO, CIBC, Scotiabank, RBC), as well as three skytrain lines. Best location with best potential value in Lougheed area. Openhouse AUG 16 (Sun) 2-4PM
Property details
- Type
- Condo, Single Family
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 932 sq ft
- Parking
- 1
- Year built
- 2023
- Property tax
- $2,764 / yr
- Strata fee
- $595 / mo ($0.64 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 95
- MLS®
- R3143251
Features
- Central location
- Treed
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- 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
- $1,824/mo
- After all costs
- −$2,951/mo
- Cap rate
- 1.1%
- yearly net rent ÷ price
Costs: mortgage $3,769 · tax $230 · strata $595 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Southeast 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 Cameron Elementaryhomes in this catchment
400 m away · 9540 Erickson Dr, Burnaby · 604-296-9005
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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