Open houseCondo
$450,000
22% under assessed209 7337 MACPHERSON AVENUE
Burnaby35 days on market
MLS® R3161583
1 / 25
1 bed · 1 bath · 456 sq ft · 1 parking
Condo · Single Family · built 2013 · 116 days on market
Listed by Karen Li, Macdonald Realty Westmar
Realtor's description
Ideal for First Time Buyers or Investors! Welcome to Highland House at SFU's UniverCity. This fully furnished east-facing Jr 1 bed, 1 bath concrete condo offers 456 square ft of functional living with city views from the 7/F. Enjoy an open layout with modern kitchen, in-suite laundry, and covered balcony. Comes with 1 parking & 1 storage locker. Quality built by Liberty Homes in a walk-to-campus community close to Nesters Market, transit, schools, childcare, and Burnaby Mountain trails. Rentals allowed with strong long-term demand.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 456 sq ft
- Parking
- 1
- Year built
- 2013
- Property tax
- $1,215 / yr
- Strata fee
- $321 / mo ($0.70 / sq ft)
- Strata rules
- Pets not Allowed, Rentals Allowed With Restrictions
- Days on market
- 116
- MLS®
- R3135933
Features
- Central location
- Private setting
- Elevator
- Pets not Allowed
- Rentals Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$2,044/mo
Mortgage $1,621 · Tax $101 · Strata $321
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
- $1,710/mo
- After all costs
- −$505/mo
- Cap rate
- 3.6%
- yearly net rent ÷ price
Costs: mortgage $1,621 · tax $101 · strata $321 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-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 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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