In a city where every home (and even a dilapidated garage) appears to sell for above $1 million, you can still find affordable housing for under $500k. Of course, you may need to compromise on square feet and you likely won’t have that “white picket fence” and a two-car garage. But, there are opportunities for young persons entering the market for the first time and retiring persons experiencing separation and divorce to downsize and start anew.
$499,000
A 686 sqft 1 bedroom condo located at Simon Fraser University. This top-floor one-bedroom, one-bathroom home features panoramic views with natural light throughout the day.
Located steps away from transit, schools, shopping and some of the most amazing outdoor recreation spaces in the lower mainland. Pets and rentals are allowed. The unit comes with 1 parking stall and 1 storage locker. The condo is located at 509-9877 University Crescent, Burnaby, B.C., V5A 0E5, Simon Fraser University.
$348,000
An 833 sqft 2 bedroom and 1 bath condo located in the Capitol Hill district near Kensington Park. The Maintenance Fee includes heat, hot water, and property taxes. The building features a garden, indoor pool, playground, restaurant, and shared laundry. The suite is located at 78-5932 Hastings Street, Burnaby, B.C., V5B 1R6
$338,000
The suite offers steel appliances, engineering hardwood floors, rich dark cabinets and stone countertops.
A 430 sqft 1 bedroom and 1 bath condo with a very large balcony at Simon Fraser University. This LEED-certified concrete building is a perfect investment opportunity for students and an investment opportunity. The home is located at 532-9009 Cornerstone Mews, Burnaby, B.C., V5A 0B9.
Summary
The listing shown today will not last forever. But, new listings will emerge at comparable price points. Taking the time to seek advice from your realtor, mortgage broker and notary can be your best option. Paul Williams is a Notary Public practicing in Burnaby near SFU.