Realtor.ca: Two-bed townhouse, Burnaby, British Columbia

Property type and structure

This is a two level, strata titled townhouse of 936 square feet, built in 1994, with 2 bathrooms and one parking spot. Being strata titled means the buyer owns the unit but shares ownership of common property with the strata corporation, and is bound by its bylaws and financial position. The listing describes it as a 2 bedroom home, though bedroom count is not present as a structured field.

Running costs and fees

The monthly maintenance fee is $333.75, a real recurring cost on top of the mortgage. Before proceeding, the buyer should get the strata corporation's own disclosure certificate (the specific name for this document varies by province), which sets out the corporation's finances, insurance position, and any pending or past special assessments. Request the depreciation report or reserve fund study, recent meeting minutes, and the current operating budget too, since an underfunded reserve makes a future special assessment more likely. Also ask what the strata's insurance deductibles are, since a large deductible on a building-wide claim can be passed down to individual owners. A lender can also decline financing based on the strata's financial position alone, so this is worth confirming early, before falling in love with the unit. Annual property tax is disclosed at $2,127.02.

Features and surroundings

The listing notes a central location with recreation and shopping nearby, and mentions a trash compactor as a feature. The description adds that doctors, dentists, shopping, public transportation, and schools are within walking distance, and that Hastings Street with its food and beverage options is about a block away. These are the seller's characterizations and worth confirming in person.

What the description reveals

The description emphasizes recent renovations (flooring, paint, plumbing and electrical fixtures, kitchen cabinets and countertop) and that the home has been owner occupied and well kept. This suggests cosmetic and some functional updates have been made, though the extent and quality of the plumbing and electrical work should be confirmed by a professional inspection rather than taken at face value. The description does not mention the building's overall condition, roof, or any shared building systems, which the strata documents and an inspection should cover. Given the 1994 build year, this falls outside the era typically associated with knob-and-tube wiring or galvanized plumbing, so no specific era-related system risk applies here.

Price and market context

The listing has only been on REALTOR.ca for 8 hours, so there is no time-on-market signal yet to suggest the price is negotiable or ambitious. The asking price of $699,900 should be weighed against recent comparable sales in the area, which this listing alone cannot establish.