Property Type: Condo / ApartmentOwnership: Strata

412 2188 MADISON AVENUE

Burnaby, BC V5C0J8

$1,099,000

3 bed2 bath1 parking1,318 sqftBuilt 2018
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Amenities

Gym

Also listed: Guest Suite, Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$649/mo
Annual property tax
$3,142.83 (2025)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None
Appliances
All

Exterior & Lot

View
View
Lot features
Central location

Building

Parcel ID (PID)
030-497-264

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®
R3158251
Listed
August 24, 2026
Time on market
On the market for 7 days
Tax assessment year
2025
Data last synced
August 30, 2026

Listing provided by: Sutton Centre Realty · Data source: CREA DDF.

Description

Biggest unit in the building! This rarely available, south-facing 3 BED + 2 BATH corner residence offers an exceptional 1300+ SQFT of interior living space plus an impressive 398 SQFT of outdoor space across 3 private balconies, each with a gas connection. The thoughtfully designed layout features an open-concept living & dining area, gourmet kitchen with large island, quartz countertops & soft-close cabinetry. Enjoy durable laminate flooring, spacious bedrooms, spa-inspired bathrooms (you have to see the master ensuite in person) & tall ceilings. Amenities include fitness centre, lounge, garden terrace & guest suite. Just steps from SkyTrain, shopping, dining, entertainment & trendy boutiques, this is the perfect blend of privacy, comfort & urban convenience. (id:63159)

Values & Trends

This listing

$834/sqft

Building average

$908/sqft

1 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

70

8/9 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
Outlook Secondary ProgramElementary567 m
Kitchener ElementaryElementary1.0 km
Brentwood Park ElementaryElementary1.3 km
Alpha SecondarySecondary1.4 km
Holy Cross Elementary School(Independent)Elementary1.4 km
Whytecliff Agile Learning Centre-Burnaby(Independent)Secondary1.6 km
Thunderbird šxʷəxʷaʔəs ElementaryElementary1.6 km
Vancouver Christian(Independent)K-121.8 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 Lougheed Hwy @ Madison Ave183 m
Westbound Lougheed Hwy @ Madison Ave216 m
Gilmore Station @ Platform 2360 m
Gilmore Station @ Platform 1365 m
Southbound Willingdon Ave @ Dawson St386 m

Nearby Places

Restaurants (5+)

  • Joy Sushi · 4248 Dawson Street158 m
  • Sushi Garden · 4269 Lougheed Highway243 m
  • Ricky's Grill · 4415 Skyline Drive249 m
  • Claudio's Ristorante · 4402 Skyline Drive268 m
  • Joey · 1899 Rosser Avenue269 m

Cafes (5+)

  • La Fleur d’Oranger Patisserie · 4325 Dawson Street38 m
  • Xing Fu Tang · 4208 Dawson Street210 m
  • Starbucks · 4415 Skyline Drive296 m
  • Cuppajoe Coffee Roasters · Rosser Avenue314 m
  • Sun Tea · 4112 Lougheed Highway326 m

Grocery (3)

  • Save-On-Foods245 m
  • Whole Foods Market · 4420 Lougheed Highway301 m
  • 大統華 T&T Supermarket · 4112 Lougheed Highway316 m

Parks (3)

  • Jim Lorimer Park · 2338 Gilmore Avenue393 m
  • Unnamed501 m
  • Unnamed612 m

Shopping (5+)

  • Winners · 1899 Rosser Avenue257 m
  • Madison Centre · 4399 Lougheed Highway275 m
  • The Amazing Brentwood Shopping Centre · 4567 Lougheed Highway706 m
  • Brentwood Town Centre723 m
  • Unnamed768 m

Gyms (5+)

  • Spinco268 m
  • Oxygen Yoga & Fitness · 4142 Dawson Street321 m
  • Happy Gilmore Golf Lounge · 4172 Lougheed Highway343 m
  • Club 16 Trevor Linden Fitness · Lougheed Highway358 m
  • F45 Training · 2229 Willingdon Avenue370 m

Pharmacies (4)

  • Dawson Pharmacy · 4218 Dawson Street191 m
  • Shoppers Drug Mart · 4460 Lougheed Highway342 m
  • Brentwood Pharmacy · 4451 Lougheed Highway353 m
  • London Drugs · 1920 Willingdon Avenue546 m

Banks & ATMs (5+)

  • Gulf and Fraser · 4465 Skyline Drive340 m
  • TD · 1933 Willingdon Avenue456 m
  • BDC481 m
  • RBC Royal Bank · 4501 Lougheed Highway489 m
  • TD · 4525 Willingdon Avenue502 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Other Listings in This Building

Other units currently listed in the same building. 412 2188 MADISON AVENUE

View building profile →
Built 2018

Mortgage & Ownership Cost Calculator

Minimum required: 7.7% ($84,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$879,200.00
Periodic payment — Principal & Interest (monthly)$5,672.30
Additional monthly expenses (strata, tax, utilities, etc.)$976.97
Total monthly cost$6,649.27
Interest paid over 5-yr term$251,981.25
Balance at end of term$790,843.24

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$84,900
Stress test qualifying rate8.09%
Payment you must qualify for$7,798.07

Cash Needed at Closing

Minimum down payment$84,900
Estimated BC PTT$19,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$106,380

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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