503 2088 MADISON AVENUE
Burnaby, BC V5C6T5
$685,000
Amenities
Also listed: Laundry - In Suite
Property Details
Property & Lot
- Sub-type
- Apartment
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $449/mo
- Annual property tax
- $2,261.88 (2025)
Interior
- Heating
- Electric, Natural gas
- Fireplace
- Yes (1)
Parking
- Total spaces
- 1
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®
- R3146342
- Listed
- July 14, 2026
- Time on market
- On the market for 48 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Oakwyn Realty Northwest · Data source: CREA DDF.
Description
PRICED TO SELL! Beautifully updated and offering exceptional value, this 2-bedroom, 2-bathroom home at Fresco features a functional layout with separated bedrooms for added privacy, freshly painted interiors, renovated bathrooms, hardwood flooring in the main living area, and newer appliances. The bright, open-concept living space extends to a covered balcony, perfect for year-round enjoyment. Located just steps from Brentwood Town Centre, SkyTrain, Whole Foods, Starbucks, shops, restaurants, and everyday amenities, you'll love the unbeatable convenience. Competitively priced to reflect outstanding value, this move-in-ready home is perfect for first-time buyers, downsizers, or investors, with the opportunity to personalize over time. Book your private showing today! (id:63159)
Values & Trends
This listing
$686/sqft
Building average
$785/sqft
1 active listing(s)
Burnaby average
$865/sqft
1019 active listing(s)
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
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
Nearest station: Vancouver
17°C
Clear
Humidity 100%
Wind WNW 13 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
78
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
| School | Type | Distance |
|---|---|---|
| Outlook Secondary Program | Elementary | 580 m |
| Kitchener Elementary | Elementary | 931 m |
| Brentwood Park Elementary | Elementary | 1.3 km |
| Alpha Secondary | Secondary | 1.3 km |
| Holy Cross Elementary School(Independent) | Elementary | 1.4 km |
| Thunderbird šxʷəxʷaʔəs Elementary | Elementary | 1.7 km |
| Fawkes Academy(Independent) | K-12 | 1.7 km |
| Whytecliff Agile Learning Centre-Burnaby(Independent) | Secondary | 1.7 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
| Stop | Type | Distance |
|---|---|---|
| Eastbound Lougheed Hwy @ Madison Ave | — | 53 m |
| Westbound Lougheed Hwy @ Madison Ave | — | 103 m |
| Eastbound Lougheed Hwy @ Gilmore Ave | — | 370 m |
| Brentwood Station @ Bay 7 | — | 372 m |
| Gilmore Station @ Platform 2 | — | 383 m |
Nearby Places
Restaurants (5+)
- Sushi Garden · 4269 Lougheed Highway116 m
- Joey · 1899 Rosser Avenue159 m
- Hungry Tiger Grill Kitchen · 1901 Rosser Avenue182 m
- Kokoro Tokyo Mazesoba · 1901 Rosser Avenue188 m
- Cactus Club Cafe · 4219B Lougheed Highway192 m
Cafes (5+)
- La Fleur d’Oranger Patisserie · 4325 Dawson Street147 m
- Cuppajoe Coffee Roasters · Rosser Avenue202 m
- Starbucks · 4415 Skyline Drive263 m
- Xing Fu Tang · 4208 Dawson Street277 m
- Tim Hortons · 4191 Lougheed Highway286 m
Grocery (3)
- Save-On-Foods112 m
- Whole Foods Market · 4420 Lougheed Highway244 m
- 大統華 T&T Supermarket · 4112 Lougheed Highway335 m
Parks (4)
- Jim Lorimer Park · 2338 Gilmore Avenue484 m
- Unnamed634 m
- Willingdon Heights Park714 m
- Unnamed737 m
Shopping (5+)
- Winners · 1899 Rosser Avenue133 m
- Madison Centre · 4399 Lougheed Highway150 m
- The Amazing Brentwood Shopping Centre · 4567 Lougheed Highway637 m
- Brentwood Town Centre654 m
- Unnamed680 m
Gyms (5+)
- Spinco154 m
- 30 Minute Hit · 1801 Rosser Avenue272 m
- Club 16 Trevor Linden Fitness · Lougheed Highway284 m
- Happy Gilmore Golf Lounge · 4172 Lougheed Highway321 m
- Oxygen Yoga & Fitness · 4142 Dawson Street370 m
Pharmacies (4)
- Dawson Pharmacy · 4218 Dawson Street262 m
- Brentwood Pharmacy · 4451 Lougheed Highway279 m
- Shoppers Drug Mart · 4460 Lougheed Highway295 m
- London Drugs · 1920 Willingdon Avenue476 m
Banks & ATMs (5+)
- Gulf and Fraser · 4465 Skyline Drive312 m
- TD · 1933 Willingdon Avenue381 m
- RBC Royal Bank · 4501 Lougheed Highway431 m
- TD · 4525 Willingdon Avenue436 m
- BDC479 m
Nearby places data: © OpenStreetMap contributors.
School district: Burnaby (SD41)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.4% ($43,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.