Sub-penthouse level 1 Bed + Flex at Cedar Creek Signature. Best value in this quality building by trusted developer Ledingham McAllister, in the heart of Edmonds, Burnaby. This bright and modern 627 sq.ft. home features a spacious open kitchen, dining area that seats 4! & living area, full-size S/S appliances, cheater ensuite, front-load washer/dryer, blinds, and an extra-large covered balcony perfect for BBQs or relaxing. Flex space is ideal for a home office or extra storage. Great amenities: gym, guest suite, playground, car wash, bike repair. Pet friendly (w/restrictions). Walk to SkyTrain (under 10 mins) , shops, parks & schools! Good school network, close to Lady of Mercy and St. Thomas Moore. Located next to the masterplanned community of "South Gate City". OH Mar1 (Sun)1:15-4:15pm
General Info
Price
$608,000
Total Bedrooms
1
Total Bathrooms
1
Half Bathrooms
0
Floor Area Total (sqft)
627
Lot Size
-
Lot Size Depth
Feet
Lot Size Frontage
-
Basement
None
Basement Features
-
Property Metrics
Year Built
2023
Age Of Building
3
Building Type
Apartment/Condo
Property Type
Residential
Stories
1
Appliances Included
Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Building Amenities
Bike Room, Exercise Centre, Caretaker, Maintenance Grounds, Hot Water, Management, Recreation Facilities
Building Features
-
Structures
Multi Family, Residential Attached
Additional Details
MLS® #
R3072979
Building Name
Cedar Creek Signature Collection
Area
Burnaby East
Neighbourhood
Edmonds BE
City
Burnaby
Postal Code
V3N 0H8
Price per Sqft
$970
Gross Taxes
$1,854.84
Ownership Type
Freehold Strata
Maintenance Fee
$297.24
Community Features
Shopping Nearby
Amenities Nearby
Bike Room, Exercise Centre, Caretaker, Maintenance Grounds, Hot Water, Management, Recreation Facilities
Heating & Cooling
Fireplace
0
Heating Type
Baseboard, Electric
Utilities
Utility Type
Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer
Public Sewer, Sanitary Sewer
Water (WaterSource)
Public
Parking
Parking Type
Underground, Lane Access, Concrete, Garage Door Opener
Total Parking Spaces
1
Rooms
Floor
Type
Dimensions
Main Level
Living Room
11' x 11' ft
Main Level
Dining Room
11'4 x 11'4 ft
Main Level
Kitchen
7'5 x 7'5 ft
Main Level
Primary Bedroom
9'11 x 9'11 ft
Main Level
Den
5'5 x 5'5 ft
Bathrooms
Floor
Ensuite
Pieces
Main Level
Yes
#4
Listed by: Royal Pacific Realty Corp.
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.
Neighborhood & Transit Info
Public Schools
Secondary
Byrne Creek Community School
0.67 km
Elementary
Stride Avenue Community School
0.49 km
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Elementary
Our Lady of Mercy School
0.94 km
Secondary
St.Thomas More Collegiate
0.79 km
Closest Transit
Bus Stop
Westbound 14 Ave @ 15 St
0.14 km
Skytrain
Skytrain @ Edmonds Stn
0.76 km
Crime Rate
Total Crime Rate
Below Average
Violent Crime Rate
Low
Property Crime Rate
Average
Demographics
Post-Secondary Education
Above Average
33.6%
No Certificate/Degree
Average
12.9%
Owner Occupied
Above Average
79.9%
Employment Rate
Above Average
67.8%
Noise/ Power Lines
Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely
Other
Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely
Local Info
Estimated Mortgage Calculator
/month
Principal & Interest
Property Taxes$155
Maintenance fee0
Financing 80% of the $608,000 asking price over 30 years at 4% results in approximately $2,774/month in total estimated carrying costs, $155 property tax, $297 maintenance fee.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:
Estimated Cashflow Calculator
/month
Mortgage Payment
Monthly Payment
Break Even Down Payment0%
This listing generates an estimated $2,272/month in rental income, leaving a -$551/month cashflow at current carrying costs. Investors targeting break-even would need roughly 39% down.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Home Price Evaluation Chart
This Home
$608,000
Burnaby
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Edmonds BE
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41 comparable Apartment/Condos are currently active in Edmonds BE, with a median asking price of $588,740. This property is listed 3.3% above the local average and 3.1% above the Burnaby average. This property is flagged as a Hot Deal (9.0% price reduction) based on its competitive pricing and market demand.
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
Property FAQs
What are the closest top-rated schools to 514 7588 16th Street, Burnaby, BC?
The closest top-rated schools are Byrne Creek Community School and Stride Avenue Community School.
Is 514 7588 16th Street, Burnaby, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 514 7588 16th Street, Burnaby, BC?
With a standard down payment, the estimated monthly mortgage is approximately $3,648.
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