Open houseCondo
$768,000
3109 2181 MADISON AVENUE
Burnaby1 day on market
MLS® R3173793
1 / 14
2 bed · 2 bath · 1,046 sq ft · 1 parking
Townhouse · Single Family · built 2006 · 53 days on market
Listed by Clive Mak, Selmak Realty Limited
Realtor's description
Located at a quiet neighbourhood in the Metrotown area is this 1049 sq ft, 2 beds 1.5 bath, South facing unit. Open floor plan on the main floor with a spacious balcony for BBQ. Build in Air Conditioning to keep the unit cool during the hot summer weather. Walking distances to schools and Royal Oak Skytrain Station. Short drive to Bonsor community centre, Metrotown Mall and lots of restaurants. Move in ready. Don't miss the opportunity
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,046 sq ft
- Parking
- 1
- Year built
- 2006
- Property tax
- $2,488 / yr
- Strata fee
- $460 / mo ($0.44 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 53
- MLS®
- R3156293
Features
- Central location
- Private setting
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$4,149/mo
Mortgage $3,481 · Tax $207 · Strata $460
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
- $2,325/mo
- After all costs
- −$2,185/mo
- Cap rate
- 1.9%
- yearly net rent ÷ price
Costs: mortgage $3,481 · tax $207 · strata $460 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Central Park/Metrotown, 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 Clinton Elementaryhomes in this catchment
500 m away · 5858 Clinton St, Burnaby · 604-296-9009
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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