Condo
$459,000
34% less per sq ft705 6055 Nelson Avenue
Burnaby36 days on market
MLS® R3161785
1 / 28
2 bed · 2 bath · 925 sq ft · 1 parking
Condo · Single Family · built 2021 · 32 days on market
Listed by Irene Yang, Nu Stream Realty Inc.
Realtor's description
A rare opportunity to own an affordable home with built-in income potential! Priced more than $200,000 BELOW assessed value, this LOCK-OFF unique SOUTH-facing condo offers two separate living spaces, each with its own private entrance. The main residence features a spacious living room, full kitchen, large bedroom and generous balcony, while the studio-style suite offers a mini wet bar, full bathroom, ample storage and great rental potential-perfect for students or additional monthly cash flow. Bright, functional and incredibly versatile, with 1 parking stall. Maintenance fee including GAS & HEAT (hot water baseboard) An exceptional opportunity to live comfortably while helping offset your mortgage! OPEN HOUSE: Sep 12th (Sat 2-4pm).
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 925 sq ft
- Parking
- 1
- Year built
- 2021
- Property tax
- $2,310 / yr
- Strata fee
- $650 / mo ($0.70 / sq ft)
- Strata rules
- Rentals Allowed With Restrictions
- Days on market
- 32
- MLS®
- R3162913
Features
- Elevator
- Rentals Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$3,234/mo
Mortgage $2,392 · Tax $193 · Strata $650
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
- −$1,328/mo
- Cap rate
- 2.3%
- yearly net rent ÷ price
Costs: mortgage $2,392 · tax $193 · strata $650 · insurance ~$35 · 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 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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