502 2345 Madison Ave, Burnaby BC - Apartment/Condo for Sale - MLS# R3111895

$540,000
Est. Mortgage $2,389/mo
1 Beds
1 Baths
643 sqft
840 $ /sqft
385 $ Maint. fee
2007 built
$540,000
Est. $2,389/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

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Property Details for 502 2345 Madison Avenue

Unobstructed south-facing city view! Bright, open unit in the well-managed OMA1 building — minutes to Gilmore SkyTrain, Save-On-Foods and local shops. Previously rented; recent updates include a newer fridge, kitchen faucet, fresh paint and a new entry door. Spacious master bedroom. Pay-to-use secured EV chargers in ground-floor visitor parking, plus additional open visitor stalls. Dog-walking trail directly in front of the building. Easy to show; quick Possession possible. Seller will consider all reasonable offer!

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Interior Features Elevator, Storage
Heating Type Baseboard, Electric
Laundry In Unit
# of Kitchens 1
Foundation Concrete Perimeter

Exterior Features

Exterior Features Balcony
Structures Multi Family, Residential Attached

Building Details

Price $540,000
Total Bedrooms 1
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 643
Year Built 2007
Age Of Building 19
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Bike Room, Exercise Centre, Sauna/Steam Room, Caretaker, Maintenance Grounds, Management, Snow Removal
Ownership Type Freehold Strata
Maintenance Fee $385
Amenities Nearby Bike Room, Exercise Centre, Sauna/Steam Room, Caretaker, Maintenance Grounds, Management, Snow Removal
Utility Type Electricity Connected, Water Connected
Utility Sewer Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Underground, Guest
Total Parking Spaces 1
Strata Restrictions Rentals Allwd w/Restrctns

Lot & Land

Lot Size Depth Feet
MLS® # R3111895
Area Burnaby North
Neighbourhood Brentwood Park
City Burnaby
Postal Code V5C 0B4
Gross Taxes $1,711
Zoning RM3

Property Timeline

Status Date Price
R3111895 / Active 04-15-2026 $540,000
R2990372 / Terminated 04-15-2025 $585,000
Rooms
Floor Type Dimensions
Main Level Kitchen 7'9 x 7'9 ft
Main Level Den 7'7 x 7'7 ft
Main Level Eating Area 10'1 x 10'1 ft
Main Level Living Room 10'4 x 10'4 ft
Main Level Foyer 5'5 x 5'5 ft
Main Level Primary Bedroom 11'8 x 11'8 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4

Listed by: Medallion International Realty Ltd.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Map & Neighbourhood

Public Schools

Elementary
Kitchener Elementary School
Average
1.1 km
6.8/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Vancouver Christian School
Above Average
1.55 km
9.1/10
Secondary
Whytecliff Agile Learning Centre-Burnaby
Above Average
1.35 km
10/10

Closest Transit

Bus Stop
Southbound Gilmore Ave @ Henning Dr
0.27 km
Skytrain
Skytrain @ Gilmore Stn
0.31 km

Crime Rate

Total Crime Rate
Below Average
Violent Crime Rate
Low
Property Crime Rate
Average

Demographics

Post-Secondary Education
Above Average
36.7%
No Certificate/Degree
Below Average
9.5%
Owner Occupied
Below Average
60%
Employment Rate
Below Average
49.7%

Noise/ Power Lines

Road/Hwy Noise
Unlikely
Railway/Sky train Noise
Possible
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Sell Speed & Competition

34 / 100
Overall sell-speed score
May take longer
D
Price competition grade
Avg comparable: $399,006
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Possible — near transit
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How BRENTWOOD PARK compares
This property
85 DOM
Listed
Brentwood Park avg
Burnaby avg

502 2345 Madison Avenue has a sell-speed score of 34/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 26.1% above comparable active properties in Brentwood Park. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V5C 0B4

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5C 0B4, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality B / Good

Annual avg PM2.5 5.3 µg/m³ — meets Canada's CAAQS (BC ENV 2024). Nearest station: North Vancouver Second Narrows, North Vancouver (~4.3 km). Annual avg AQHI 1.9 — Low Risk.

Heat Moderate

Burnaby currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~7 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30 °C baseline, ~32.4 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.

Precipitation Increasing

Annual precipitation ~1393 mm (1981–2010 baseline), projected ~1445 mm by the 2050s. Extreme 1-day rainfall: ~47.8 mm baseline, ~53.3 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~24 days baseline, ~25 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 502 2345 Madison Avenue

Pre-computed routes from 502 2345 Madison Ave, Burnaby, BC

By transit (Skytrain)

  • Downtown Vancouver via Gilmore → Waterfront
    23 min
  • Metrotown, Burnaby via Gilmore → Metrotown
    23 min
  • SFU Burnaby via Gilmore → Production Way
    16 min
  • Richmond Centre via Gilmore → Brighouse
    48 min
  • YVR Airport via Gilmore → YVR-Airport
    49 min

By car (off-peak)

  • Downtown Vancouver via HWY 1 / Grandview
    9 min
  • Metrotown, Burnaby via Lougheed Hwy
    5 min
  • SFU Burnaby via Gaglardi Way
    8 min
  • Richmond Centre via No. 3 Rd
    17 min
  • YVR Airport via Bridgeport / Sea Island
    17 min

Calculate your commute

502 2345 Madison Ave, Burnaby, BC is ideally located for commuters. The property is 0.3 km from Gilmore, with a 23 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Southbound Gilmore Ave @ Henning Dr (0.27 km). Walk Score Transit rating: Excellent Transit (78/100).

Walkability & Transit Near 502 2345 Madison Avenue

Walk Score Badge
Car-Dependent 83

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Some Transit 78

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
82

Bike Score - Very Bikeable

Biking is convenient for most trips

Mortgage Calculator for 502 2345 Madison Avenue

/month
Principal & Interest
Property Taxes $143
Maintenance fee 385
A 20% down payment of $108,000 on this $540,000 listing yields an estimated mortgage of $2,062/month (30-year fixed, 4%). Total estimated housing cost: $2,590/month, $143 property tax, $385 maintenance fee.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
With $1,968/month in estimated rental income against $2,644/month in mortgage payments, the monthly cashflow is -$676/month. A 47% down payment would reach break-even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Brentwood Park, Burnaby

Beds Home Types Square Feet Lot Size Year Built
This Home $540,000
Burnaby Loading...
Brentwood Park Loading...

Based on 40 comparable active apartments/condos in Brentwood Park, the average asking price is $584,321. This listing is priced 7.6% below the neighbourhood average.

Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 502 2345 Madison Avenue

Walk Score Badge
Car-Dependent 83

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Some Transit 78

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
82

Bike Score - Very Bikeable

Biking is convenient for most trips

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