Welcome to Azure 2 by Ledingham McAllister at Southgate City! This well-appointed 1-bedroom home offers 672 sq. ft. of bright, functional living space with an open-concept layout, oversized kitchen island, quartz countertops, full-size stainless steel appliances, and a versatile den/dining area, perfect for a home office. Enjoy year-round comfort with A/C and a spacious balcony. Includes 1 parking stall and 1 storage locker. Residents enjoy premium amenities including a concierge, fitness centre, guest suite, and recreation facilities. Ideally located steps to Edmonds SkyTrain, shopping, restaurants, parks, and everyday conveniences. Built by a respected developer and still under warranty. Exceptionally well-priced for concrete.**FIRST OPEN HOUSE, JULY 11 - 12, SATURDAY - SUNDAY @ 2-4 PM**
Property details
1
Beds
1 full
Baths
672 ft²
Floor area
672 ft²
Lot size
2024
Year built
1
Storey
1
Parking
$315/mo
Strata fee
$1,813/yr
Gross tax
Location & structure
Apartment/Condo
Type
None
Basement
Yes
Garage
No
Carport
Burnaby East
Area
Edmonds BE
Sub-area
Other
Style
Basement
None
Structure
Multi Family
Property highlights
Balcony
Gym
Concierge
In-suite laundry
Guest suite
Storage locker
Building amenities
Caretaker
Gas included
Hot water incl.
Features & inclusions
Heating
Heat Pump
Cooling
Central Air
Parking
Garage Under Building
Lot
Central Location, Recreation Nearby
Interior features
Elevator, Guest Suite, Storage
Laundry
In Unit
Community
Shopping Nearby
Additional details
Common interest
Condominium
Main floor (ground)
672 ft²
Tax year
2025
Listed by eXp Realty. Data from BCRES. Last updated Jul 9, 2026, 2:39 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 $99,800 down (20%) on $499,000, 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.
Inventory mix
What this area trades in
Within 3 km of this listing · 932 listings
Condo / Apartment
489
52.5%
Detached
227
24.4%
Townhouse
132
14.2%
Duplex
33
3.5%
Half-duplex
31
3.3%
Other
20
2.1%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
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
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Burnaby · 665 dwellings
Low-rise apartment410 · 61.7%
Row house90 · 13.5%
Single-detached50 · 7.5%
Apartment in duplex50 · 7.5%
High-rise apartment40 · 6.0%
Semi-detached25 · 3.8%
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 #59151254· Burnaby· Transit 88/100 (597m to rapid)· 0.77 km²
Median rent here
$1,280
Owner shelter cost
$2,020
Renters
42.5%
30%+ on shelter
25.4%
Population (2021)
1,797
Median age
36.0
Avg household size
2.7
Avg household income
$100,800
Renters
42.5%
Owners
58.2%
Immigrants
58.6%
Post-secondary
62.3%
Avg home value
$804,000
Single status
30.8%
Not in labour force
39.0%
Households with kids
37.6%
Median rent
$1,280
Owner shelter cost
$2,020
30%+ on shelter
25.4%
Breakdown
Under $5,000
5
0.7%
$10,000 to $14,999
10
1.5%
$15,000 to $19,999
20
3.0%
$20,000 to $24,999
10
1.5%
$25,000 to $29,999
20
3.0%
$30,000 to $34,999
35
5.2%
$35,000 to $39,999
35
5.2%
$40,000 to $44,999
30
4.5%
$45,000 to $49,999
20
3.0%
$50,000 to $59,999
55
8.2%
$60,000 to $69,999
40
6.0%
$70,000 to $79,999
55
8.2%
$80,000 to $89,999
35
5.2%
$90,000 to $99,999
35
5.2%
$100,000 to $124,999
75
11.2%
$125,000 to $149,999
60
9.0%
$150,000 to $199,999
80
11.9%
$200,000 and over
50
7.5%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59151254).
Market story
Rent in Burnaby
Census 2021 avg $1,280/mo here · Vancouver 1BR rent (est) 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
