Property Type: Condo / ApartmentOwnership: Strata

502 1888 GILMORE AVENUE

Burnaby, BC V5C0L2

$479,000

1 bed1 bath1 parking484 sqftBuilt 2020
Get Directions

Amenities

Gym

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$323/mo
Annual property tax
$1,502.83 (2025)

Interior

Heating
Heat Pump, Forced air
Cooling / A/C
Air Conditioned
Fireplace
None

Exterior & Lot

Pool
Outdoor pool

Parking

Total spaces
1 — uncovered indicated
Features
Visitor Parking

Restrictions & Policies

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®
R3105877
Listed
April 1, 2026
Time on market
On the market for 152 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Royal LePage Westside · Data source: CREA DDF.

Description

This stylish unit has high ceilings, air conditioning and gets lots of natural light. Sleek kitchen has stone counters, fridge, gas range, oven, dishwasher, and microwave. Bedroom has walk-in closet. Suite has in-suite laundry and a small outdoor area. Building has extensive common area and amenities including roof top deck with pool, and large recreation center. The location is a short walk to sky train, Winners, Save-On Foods. Brentwood Mall and provides easy access to BCIT and SFU. Cats and dogs are accepted with some restrictions. This unit has a good Tenant in place that might be appealling to an investor. (id:63159)

Values & Trends

This listing

$990/sqft

Building average

$996/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

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 ProgramElementary348 m
Kitchener ElementaryElementary601 m
Thunderbird šxʷəxʷaʔəs ElementaryElementary1.4 km
Alpha SecondarySecondary1.4 km
Fawkes Academy(Independent)K-121.5 km
Brentwood Park ElementaryElementary1.5 km
Holy Cross Elementary School(Independent)Elementary1.7 km
St. John's Academy(Independent)Secondary1.7 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
Southbound Gilmore Ave @ 2nd Ave57 m
Northbound Gilmore Ave @ Halifax St115 m
Eastbound Lougheed Hwy @ Gilmore Ave185 m
Westbound Lougheed Hwy @ Gilmore Ave192 m
Northbound Gilmore Ave @ 1st Ave225 m

Nearby Places

Restaurants (5+)

  • White Spot · 4129 Lougheed Highway144 m
  • Big Way Hot Pot · 4172 Lougheed Highway202 m
  • Big Way Hot Pot · 4172 Lougheed Highway207 m
  • Sabai Thai · 4172 Lougheed Highway209 m
  • Cactus Club Cafe · 4219B Lougheed Highway232 m

Cafes (5+)

  • Tim Hortons · 4191 Lougheed Highway159 m
  • Trees Organic Coffee · 4112 Lougheed Highway286 m
  • Sun Tea · 4112 Lougheed Highway287 m
  • Suzette's · 3993 Henning Drive352 m
  • Xing Fu Tang · 4208 Dawson Street406 m

Grocery (3)

  • 大統華 T&T Supermarket · 4112 Lougheed Highway295 m
  • Save-On-Foods409 m
  • Whole Foods Market · 4420 Lougheed Highway637 m

Parks (2)

  • Willingdon Heights Park439 m
  • Jim Lorimer Park · 2338 Gilmore Avenue541 m

Shopping (2)

  • Madison Centre · 4399 Lougheed Highway461 m
  • Winners · 1899 Rosser Avenue461 m

Gyms (5+)

  • Club 16 Trevor Linden Fitness · Lougheed Highway140 m
  • Happy Gilmore Golf Lounge · 4172 Lougheed Highway198 m
  • Club Pilates · 4112 Lougheed Highway211 m
  • Oxygen Yoga & Fitness · 4142 Dawson Street376 m
  • Spinco495 m

Pharmacies (3)

  • Dawson Pharmacy · 4218 Dawson Street414 m
  • Brentwood Pharmacy · 4451 Lougheed Highway647 m
  • Shoppers Drug Mart · 4460 Lougheed Highway690 m

Banks & ATMs (5+)

  • BDC248 m
  • Gulf and Fraser · 4465 Skyline Drive719 m
  • TD · 1933 Willingdon Avenue729 m
  • TD · 4525 Willingdon Avenue789 m
  • RBC Royal Bank · 4501 Lougheed Highway799 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$383,200.00
Periodic payment — Principal & Interest (monthly)$2,472.28
Additional monthly expenses (strata, tax, utilities, etc.)$471.86
Total monthly cost$2,944.13
Interest paid over 5-yr term$109,826.22
Balance at end of term$344,689.64

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,950
Stress test qualifying rate8.09%
Payment you must qualify for$3,499.18

Cash Needed at Closing

Minimum down payment$23,950
Estimated BC PTT$7,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$33,030

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