Property Type: Condo / ApartmentOwnership: Strata

406 5535 HASTINGS STREET

Burnaby, BC V5B1R2

$618,000

1 bed1 bath1 parking585 sqftBuilt 2024
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$303/mo
Annual property tax
$1,691.5 (2025)

Interior

Heating
Electric
Cooling / A/C
Air Conditioned
Fireplace
None

Exterior & Lot

View
View

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed with restrictions
Rentals
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®
R3131676
Listed
June 3, 2026
Time on market
On the market for 89 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: JULY Realty · Data source: CREA DDF.

Description

BRAND NEW! Rare Air Conditioned Corner Unit PENTHOUSE 1 Bed Home! Absolutely Best One Bed Unit in the Whole Complex with STUNNING City & Mountain VIEW! Move in Ready, Very Functional Open concept, 1 King Sized Bedroom +1 Full Bath Luxury condo located in the Prestigious Capitol Hill in North Burnaby. Modern & Contemporary design with quality finishing throughout the whole unit with Quality Bloomberg Stainless Steel appliance packages. Walking distance to Capitol Hill Elementary, Burnaby North Secondary schools & Kensington Park. 2-min drive to Kensington Square Shopping Centre & 5 minute proximity to SFU is a Big Bonus. This residence offers both accessibility and cultural vibrancy. 1 Locker and 1 Parking ALL included. BONUS: Additional Parking may available. This is a Must See! (id:63159)

Values & Trends

This listing

$1,056/sqft

Building average

$1,021/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

44

4/9 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
Capitol Hill ElementaryElementary254 m
Aubrey ElementaryElementary798 m
Burnaby North SecondarySecondary803 m
Confederation Park ElementaryElementary1.0 km
Holy Cross Elementary School(Independent)Elementary1.2 km
Brentwood Park ElementaryElementary1.3 km
Alpha SecondarySecondary1.4 km
Parkcrest 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
Eastbound Hastings St @ Howard Ave50 m
Westbound Hastings St @ Holdom Ave67 m
Westbound Hastings St @ Holdom Ave95 m
Westbound Hastings St @ Howard Ave130 m
Southbound Holdom Ave @ Hastings St138 m

Nearby Places

Restaurants (5+)

  • La Forchetta · 5601 Hastings Street43 m
  • Sushi Giwa · 5625 Hastings Street79 m
  • Olove Greek Kitchen · 5931 Hastings Street345 m
  • Nemo Sushi · 5935 Hastings Street361 m
  • Pho 101 · 5937 Hastings Street373 m

Cafes (2)

  • Kory's Coffee · 5608 Hastings Street73 m
  • Tim Hortons · 6123 Hastings Street569 m

Parks (5+)

  • Dynes Park117 m
  • George Green Park342 m
  • Kensington Park607 m
  • PARK_B649 m
  • PARK_A684 m

Gyms (3)

  • Beyond boxing · 5552 Ellesmere Avenue43 m
  • Capitol Hill Athletics · 5605 Hastings Street54 m
  • Advantage fitness · 5680 Hastings Street108 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 6.0% ($36,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$494,400.00
Periodic payment — Principal & Interest (monthly)$3,189.70
Additional monthly expenses (strata, tax, utilities, etc.)$473.01
Total monthly cost$3,662.71
Interest paid over 5-yr term$141,696.46
Balance at end of term$444,714.40

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$36,800
Stress test qualifying rate8.09%
Payment you must qualify for$4,469.22

Cash Needed at Closing

Minimum down payment$36,800
Estimated BC PTT$10,360
Legal / closing costs (typical estimate)$1,500
Total cash needed$48,660

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.

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