Welcome to “The City of Lougheed” Tower 2 by SHAPE Properties - this spacious north-west facing 2-bedroom, 2-bathroom unit has incredible views of the mountains, Brentwood and Downtown Vancouver from it’s expansive 285SF WRAP-AROUND private balcony. Open and spacious floorplan features stainless steel appliances throughout, build in refrigerator and RARE side-by-side laundry with tons of storage space. Enjoy unparalleled convenience with Walmart and PriceSmart nearby, alongside a vibrant shopping center, countless dining options, and access to three SkyTrain lines. Neighborhood One offers over 22,000 square feet of premium amenities, including a luxurious sky garden, putting green, fitness center, dog wash station, guest suites, and more.
Property details
2
Beds
2 full
Baths
843 ft²
Floor area
2023
Year built
1
Storey
1
Parking
$511/mo
Strata fee
$2,525/yr
Gross tax
Location & structure
Apartment/Condo
Type
None
Basement
Yes
Garage
No
Carport
Burnaby North
Area
Sullivan Heights
Sub-area
Basement
None
Structure
Multi Family
Property highlights
Balcony
Gym
Pool
Concierge
In-suite laundry
Golf course
Building amenities
Meeting/Party Room
Gas included
Features & inclusions
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Heating
Heat Pump
Cooling
Central Air, Air Conditioning
Parking
Garage Single, Front Access, Lane Access, Concrete, Paver Block
Lot
Central Location, Near Golf Course, Recreation Nearby
Interior features
Elevator, Guest Suite, Storage
Laundry
In Unit
Community
Shopping Nearby
Additional details
Common interest
Condominium
Levels
One
Main floor (ground)
843 ft²
Tax year
2025
Listed by Oakwyn Realty Ltd.. Data from BCRES. Last updated Jun 30, 2026, 1:01 PM.
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.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $147,600 down (20%) on $738,000, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Inventory mix
What this area trades in
Within 3 km of this listing · 865 listings
Condo / Apartment
507
58.6%
Detached
212
24.5%
Townhouse
91
10.5%
Duplex
30
3.5%
Half-duplex
15
1.7%
Other
10
1.2%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Burnaby · 2,190 dwellings
High-rise apartment1,860 · 84.9%
Low-rise apartment330 · 15.1%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59153381· Burnaby· Transit 95/100 (252m to rapid)· 0.43 km²
Median rent here
$1,512
Owner shelter cost
$1,260
Renters
57.1%
30%+ on shelter
39.8%
Population (2021)
4,022
Median age
40.8
Avg household size
1.8
Avg household income
$69,500
Renters
57.1%
Owners
43.1%
Immigrants
49.9%
Post-secondary
61.6%
Avg home value
$466,000
Single status
33.3%
Not in labour force
38.3%
Households with kids
21.0%
Median rent
$1,512
Owner shelter cost
$1,260
30%+ on shelter
39.8%
Breakdown
Under $5,000
85
3.9%
$5,000 to $9,999
25
1.1%
$10,000 to $14,999
45
2.1%
$15,000 to $19,999
60
2.7%
$20,000 to $24,999
200
9.1%
$25,000 to $29,999
90
4.1%
$30,000 to $34,999
105
4.8%
$35,000 to $39,999
125
5.7%
$40,000 to $44,999
90
4.1%
$45,000 to $49,999
105
4.8%
$50,000 to $59,999
160
7.3%
$60,000 to $69,999
180
8.2%
$70,000 to $79,999
170
7.7%
$80,000 to $89,999
125
5.7%
$90,000 to $99,999
130
5.9%
$100,000 to $124,999
230
10.5%
$125,000 to $149,999
135
6.2%
$150,000 to $199,999
95
4.3%
$200,000 and over
40
1.8%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59153381).
Market story
Rent in Burnaby
Census 2021 avg $1,512/mo here · Vancouver 2BR rent trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
Vancouver CMA rental snapshot · 2025
Purpose-built vacancy
3.7%
Avg 2BR rent
$2,363
+2.2% YoY
Condo vacancy
1.5%
Avg 2BR condo rent
$2,900
Source: CMHC Rental Market Report (2025)
CMHCVancouver outlook
From the CMHC Spring 2026 Housing Supply Report · Mar 2026
