
609 7138 COLLIER STREET
Burnaby · MLS® R3168203
2 bed · 2 bath · 1,068 sq ft · 1 parking
Condo · Single Family · built 2005 · 15 days on market
Listed by Melvin Chan, RE/MAX Crest Realty
Penthouse living at Stanford House in the heart of Highgate! This freshly repainted corner 2-bedroom home sits on the top floor, offering a bright and private setting with peaceful courtyard views. The functional layout is enhanced by multiple exposures, filling the home with natural light throughout. Enjoy comfortable living and dining spaces ideal for both relaxing and entertaining. Located in a well-maintained concrete building, you´re just steps to shopping, groceries, cafes, parks, and everyday essentials. Transit is easily accessible with quick connections along Kingsway and a short walk to Edmonds SkyTrain Station. A rare opportunity to own a penthouse corner unit in one of Burnaby´s most convenient and desirable communities.
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,068 sq ft
- Parking
- 1
- Year built
- 2005
- Property tax
- $2,405 / yr
- Strata fee
- $657 / mo ($0.62 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 15
- MLS®
- R3168203
- Central location
- Private setting
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
- Rent
- $1,824/mo
- After all costs
- −$2,386/mo
- Cap rate
- 1.3%
- yearly net rent ÷ price
Costs: mortgage $3,172 · tax $200 · strata $657 · 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
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