Metrotown · 4670 Assembly Way / Metrotown
1 Bedroom Condo for Rent in Metrotown
$2,380 / month
A 600 ft² one-bedroom condo on the 40th floor in Metrotown, asking $2,380 a month. The listing mentions treetop views, in-suite laundry and parking included.
At $2,380 for 600 square feet, the asking rent works out to $3.97 per square foot.
That is $280 above the middle of the 79 comparable rentals we are tracking in Metrotown, where most ask between $1,800 and $2,300.
The details
Highlights
Roughly where it is
Approximate — listings rarely give an exact address, so treat this as the block, not the door.
Renting in Metrotown
Metrotown is the closest thing Burnaby has to a downtown. Roughly thirty residential towers are packed into about a kilometre around the region's second-largest mall and its SkyTrain station.
How this compares
What we’d expect it to ask
$2,213 / month
8 times in ten the answer lands between $1,795 and $2,660. That is the width of what we actually know, measured against listings this model had never seen — not a margin we chose.
Asking $2,380 is 7.5% above it — inside the ±9.7% this model cannot tell apart, so it is priced about where we’d expect.
What moves that number
Each line is the difference this one thing makes, holding everything else where it is. They do not add up to the rent.
Location
5 min on foot to Metrotown (Expo Line), about 31 min to Waterfront.
How the score breaks down
Scored from the map pin alone — rapid transit, town centres and parks, in straight lines. It knows nothing about the street, the hill, the building or the neighbours, and buses and the SeaBus are not in it, so places served by those score lower here than they deserve.
Against the ones next to it
$2,380 is $280 above the middle of the 79 one-bedrooms we are tracking in Metrotown right now ($2,100). Most of them ask between $1,800 and $2,300.
A straight count of asking prices in the area, with nothing adjusted for — unlike the estimate above, it does not care that this one is bigger or closer to a station.
What the estimate cannot see
Laundry, parking, air conditioning, the bathroom count and whether the home sits below ground are priced in wherever the advertisement states them. The floor, the view, the light, the condition and the noise are not, and nothing we hold measures them: two identical floor plans, one renovated and one not, get the same estimate from us.
Where an advertisement says nothing, we price it as unsaid rather than as absent. A short ad is not a worse home, and scoring it as one would price the landlord’s writing instead of the flat.
Estimated from the listings on this site, not a market survey, and from asking rents — what a home is advertised at, not what it lets for.
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Before you pay anything, read how to spot a rental scam. We record what an advertisement says; we cannot verify who posted it.
Worth reading before you view it
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