4xxx 4890 Lougheed Highway, Burnaby

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$7,000

4xxx 4890 Lougheed Highway

Brentwood Park, Burnaby, BC, V5C 0N2

3 | 3 | 2 | 2,000 sq.ft. |

- Type: 3 Bedrooms, 3 Bathrooms, 2 Interior Levels + Rooftop Patio - Location: 4890 Lougheed Hwy, Burnaby - Level: 44th Floor Penthouse with 360-Degree Panoramic Views - Area: 2,000 sq ft - Rent: $7,000/month - Lease Term: Minimum one year, available for Aug 1st - Requirements: No smoking, no marijuana, no pets. Tenant responsible for electricity, internet, and tenant insurance.- High-end appliances, premium cabinetry, hardwood flooring - Electric blinds - Central air conditioning - 2 side-by-side parking spots - Private storage unit - Bicycle storage room - Building amenities include: concierge service, fitness center, activity room, study room, garden

Property Info

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MLS®: R3021018

Listing Courtesy of RE/MAX Crest Realty

Total Bedrooms 3

Total Bathrooms 3

Floor Space 2000 sq.ft.

Date Listed XXXX-XX-XX

Property Type Condo

Listed Price $7,000

Strata Fee $0.00

Interior Features

More Details

Floor Space Finished 0.00 sq.ft.

Rules No

Out Door Area XXXXXXXXXX

Parking Total 2

Summary

Location and General Information

MLS Area Major: Burnaby North
Street Name: Lougheed
City: Burnaby
State Or Province: BC
Postal Code: V5C 0N2
Property Type: Residential Lease
Property Sub Type: Apartment/Condo

Interior and Exterior Features

Interior Features

Interior Features: Storage, Elevator

Exterior Features

Exterior Features: Balcony, Garden

Property

Utilities

Property and Assessments

Building Area Total: 2000
Living Area: 2000

Lot Information

Sold History

MAP & Nearby Facilities

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City Introduction

Overview of Burnaby, BC, Canada

Population

Burnaby is the third-largest city in British Columbia, with a population of approximately 274,000 (2024). The population density is 2,750.7 people per square kilometer. Burnaby is a multicultural city, with about 64% of residents belonging to visible minorities, including a significant Chinese community (34%). Additionally, around 56% of residents speak a primary language other than English, reflecting its cultural diversity.

Economy

Key Industries: High-tech, film production, retail, and education. Burnaby is home to several high-tech parks and film studios, making it a key economic hub in Western Canada.
Commercial Centers: Metrotown is the second-largest shopping center in Western Canada, attracting both consumers and investors.
Educational Resources: Burnaby hosts Simon Fraser University (SFU) and the British Columbia Institute of Technology (BCIT), providing a highly skilled workforce and fostering innovation.

Living Features

Natural Environment: Burnaby boasts abundant natural landscapes, including Burnaby Lake, Deer Lake, and numerous community parks, ideal for outdoor activities.
Transportation: Burnaby is well-connected to downtown Vancouver via SkyTrain and bus systems, with a commute time of about 30 minutes.
Multiculturalism: The city's diverse communities and cultural events make it an inclusive and vibrant place to live.

Real Estate Investment

Prices: Burnaby's housing prices are relatively moderate compared to Vancouver, with detached homes averaging $1.5 million CAD and condos around $700,000 CAD (2024).

Opportunities:

Stable rental market: Burnaby's universities and job opportunities attract a steady stream of renters, ensuring high rental yields.
Long-term growth potential: Proximity to downtown Vancouver and ongoing infrastructure projects (e.g., SkyTrain expansion) support sustained property value growth.

Risks:

Foreign buyer taxes (20%) and vacancy taxes may increase investment costs.
Rapid price increases in some areas require careful timing for investments.

Verdict

Burnaby is ideal for those seeking a high quality of life and long-term investment. Popular residential areas include Deer Lake and Metrotown, while properties near SkyTrain stations are attractive for investors.

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