Condo
$799,000
31% less per sq ft2203 6240 MCKAY AVENUE
Burnaby66 days on market
MLS® R3152542
1 / 30
$678,000
7 7321 MONTECITO DRIVE
Burnaby · MLS® R3174346
2 bed · 2 bath · 1,245 sq ft · 1 parking
Townhouse · Single Family · built 1973 · listed today
Listed by Enan Xiang, RE/MAX Masters Realty
Realtor's description
Beautifully Renovated 2Bed/2Bath Townhome in Villa Montecito! Nestled in the quiet and highly desirable Montecito neighbourhood of North Burnaby. The unit features an open-concept layout with generous living and dining areas, a functional kitchen, a well-appointed primary bedroom, in-suite laundry, and additional storage space. Step outside to your oversized private patio overlooking a lush greenbelt and mature trees-an ideal setting for relaxation and outdoor entertaining. The conveniently located parking stall is just steps from the unit. Enjoy an unbeatable location within walking distance to Montecito Elementary School, next to Burnaby Mountain Golf Course, minutes from Sperling-Burnaby Lake SkyTrain Station, and with easy access to SFU and major commuter routes.
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,245 sq ft
- Parking
- 1
- Year built
- 1973
- Property tax
- $2,328 / yr
- Strata fee
- $511 / mo ($0.41 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 0
- MLS®
- R3174346
Features
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
Floor plans
Found among the listing photos.
Monthly cost
$3,659/mo
Mortgage $2,954 · Tax $194 · Strata $511
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
- $2,110/mo
- After all costs
- −$1,893/mo
- Cap rate
- 1.9%
- yearly net rent ÷ price
Costs: mortgage $2,954 · tax $194 · strata $511 · insurance ~$175 · 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
Location
BurnabyGoogle Maps ↗
Schools
Catchment schools, Burnaby School District 41
- Elementary Montecito Elementaryhomes in this catchment
100 m away · 2176 Duthie Ave, Burnaby · 604-296-9023
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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