Condo
$565,000
2607 2181 MADISON AVENUE
Burnaby1 day on market
MLS® R3173954
1 / 27
$578,800
801 4165 MAYWOOD STREET
Burnaby · MLS® R3173720
2 bed · 1 bath · 999 sq ft · 1 parking
Condo · Single Family · built 1982 · 1 day on market
Listed by Daniel Choi, Oakwyn Realty Ltd.
Open house · Saturday, October 10, 10am–11am
Realtor's description
This rare, spacious 2-bed home offers nearly 1,000 SF of living, a massive private balcony, and stunning open views day and night. Currently in original, clean condition, this property presents an incredible opportunity and upside potential for those who have the vision to transform it into your dream sanctuary. Enjoy ultimate parkside tranquillity right next to Central Park, paired with unbeatable urban convenience. You are just a short walk to Patterson SkyTrain Station, Metrotown, Crystal Mall, the library, and vibrant local restaurants and shops. The well-maintained building features low strata fees and major updates already completed-with the previous owners contributing nearly $90K toward capital improvements-including new windows, balconies, a podium membrane, refreshed landscaping, and a brand-new tennis court. Complete with 1 pkg stall and 1 storage locker, this home delivers the ultimate blend of nature, location, and potential. Open House: Oct 10-11 | Sat 1-3 PM & Sun 2-4 PM
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 999 sq ft
- Parking
- 1
- Year built
- 1982
- Property tax
- $1,931 / yr
- Strata fee
- $454 / mo ($0.45 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 1
- MLS®
- R3173720
Features
- Central location
- Cul-de-sac
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
Monthly cost
$3,136/mo
Mortgage $2,522 · Tax $161 · Strata $454
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
- −$1,032/mo
- Cap rate
- 3.1%
- yearly net rent ÷ price
Costs: mortgage $2,522 · tax $161 · strata $454 · insurance ~$35 · 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 Chaffey-Burke Elementaryhomes in this catchment
1.1 km away · 4404 Sardis St, Burnaby · 604-296-9008
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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