Property Type: Condo / ApartmentOwnership: Strata

1606 7088 18TH AVENUE

Burnaby, BC V3N0A2

$499,000

1 bed1 bath1 parking622 sqftBuilt 2007
Get Directions

Amenities

Gym

Also listed: Recreation Centre, Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$329/mo
Annual property tax
$1,610.14 (2024)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Exterior & Lot

View
View

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3152101
Listed
August 4, 2026
Time on market
On the market for 27 days
Tax assessment year
2024
Data last synced
August 28, 2026

Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.

Description

Well-maintained 1 bed and 1 bath unit at Park360 by Cressey with stunning panoramic City and Mountain views from the 16th floor. Features 9´ ceilings, gas stove, granite counters, SS appliances, and floor-to-ceiling windows. Spacious layout with large balcony and walk-through closet to ensuite. Comes with 1 parking and 1 locker. Amenities: gym, hot tub, sauna, games room, and party room. Pet-friendly & rental-friendly. Just a 3-min walk to Edmonds SkyTrain, connecting you to Downtown Vancouver in 24 minutes. Highgate Village, with Save-On-Foods, Shoppers, and Club 16, is only a 10-min walk away. Parks and trails close by. (id:63159)

Values & Trends

This listing

$802/sqft

Building average

$806/sqft

4 active listing(s)

Burnaby average

$865/sqft

1019 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Apartment Market Stats — Burnaby

Monthly figures from the Fraser Valley Real Estate Board for Burnaby apartmentlistings — not specific to this property.

MLS® HPI Benchmark Price

$704,600

Jul 2026

Average Sale Price

$660,187

Jul 2026

Monthly Sales

170

Jul 2026

Active Listings

1,097

Jul 2026

Sales-to-Active Ratio

16.0%

Jul 2026

Median Days to Contract

30 days

Jul 2026

MLS® HPI Benchmark Price

$805,900
$700,500
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: Vancouver

Clear

15°C

Clear

Humidity 100%

Wind NW 5 km/h

Tonight

14°

Tuesday

20°

Tuesday night

15°

Wednesday

19°

Wednesday night

14°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

249,125

(2021 Census)

+7% since 2016

Density: 2,750.6/km²

Dwellings: 107,046

Median household income: $83,000

After-tax: $73,500

Immigrant population: 50.4%

Top countries of origin (% of total population)

  • China12.4% · 30,860
  • Philippines4.5% · 11,235
  • Hong Kong4.4% · 11,010
  • Taiwan3.1% · 7,750
  • India3% · 7,540
  • Korea, South2.6% · 6,380
  • Viet Nam1.4% · 3,380
  • Iran1.3% · 3,210

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

41

7/9 categories nearby

Transit

33

5 stop(s) within 800m

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Stride Avenue Community ElementaryElementary310 m
Taylor Park ElementaryElementary676 m
Byrne Creek Community SecondarySecondary708 m
St. Francis de Sales(Independent)Elementary1.1 km
Connaught Heights ElementaryElementary1.2 km
Lord Tweedsmuir ElementaryElementary1.4 km
St. Thomas More Collegiate(Independent)Secondary1.4 km
Brantford ElementaryElementary1.4 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

StopTypeDistance
Edmonds Station @ Bay 2170 m
Edmonds Station @ Bay 6177 m
Edmonds Station @ Bay 3184 m
Edmonds Station @ Bay 5191 m
Edmonds Station @ Bay 4198 m

Nearby Places

Restaurants (5+)

  • Watt's For Lunch Cafe · 6911 Southpoint Drive290 m
  • B&D Viet Cuisine · 7090 Kingsway552 m
  • Twinkle Thai563 m
  • Anatolia's Gate · 7084 Kingsway564 m
  • Nao Sushi · 7060 Kingsway565 m

Cafes (4)

  • Starbucks591 m
  • Tealips Cafe · 7139 Arcola Way688 m
  • Waves Coffee House · 101-7315 Edmonds Street689 m
  • Macao Imperial Tea · 7337 Edmonds Street775 m

Grocery (4)

  • Kim's Mart · 6837 Station Hill Drive314 m
  • Save-On-Foods · 7155 Kingsway615 m
  • Jumbo Super Market · 7119 Arcola Way689 m
  • Persia Food · 6791 Kingsway757 m

Parks (5+)

  • Stride Avenue Ravine Park113 m
  • Poplar Park200 m
  • Powerhouse Park370 m
  • City in the Park · Station Hill Drive415 m
  • Sample's Pathway489 m

Gyms (1)

  • Club 16 Fitness Club653 m

Pharmacies (2)

  • Shoppers Drug Mart613 m
  • Edmonds Pharmacy · 7315 Edmonds Street716 m

Banks & ATMs (5+)

  • CIBC547 m
  • Scotiabank · 7188 Kingsway552 m
  • TD591 m
  • BMO599 m
  • Unnamed601 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$399,200.00
Periodic payment — Principal & Interest (monthly)$2,575.50
Additional monthly expenses (strata, tax, utilities, etc.)$494.34
Total monthly cost$3,069.84
Interest paid over 5-yr term$114,411.87
Balance at end of term$359,081.69

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,950
Stress test qualifying rate8.09%
Payment you must qualify for$3,645.28

Cash Needed at Closing

Minimum down payment$24,950
Estimated BC PTT$7,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$34,430

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

Request more information