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$494,900

108 12148 224 STREET

Maple Ridge · MLS® R3172408

2 bed · 2 bath · 1,141 sq ft · 1 parking

Condo · Single Family · built 1999 · 2 days on market

Listed by Lisa Telep, Macdonald Realty

Realtor's description

Welcome to easy, elevator-free living in this 55+ ground-level condo! Offering 1,141 sq. ft. of bright, spacious living, this home features soaring ceilings, oversized windows, and a sunroom off the living room leading to your private north-facing balcony, perfect for morning coffee or relaxing. Both bedrooms are generously sized with large closets, while the primary bedroom includes a private ensuite and balcony access. Enjoy plenty of storage, built-in shelving, and a full-size washer/dryer. The on-site senior centre offers meals, hair salon, bridge, bingo, dancing, crafts, and a coffee shop. Walk to the library, shopping, and transit. Nothing to do but move in and enjoy!

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,141 sq ft
Parking: 1
Year built: 1999
Property tax: $3,127 / yr
Strata fee: $445 / mo ($0.39 / sq ft)
Strata rules: Adult Oriented, Pets Allowed With Restrictions
Days on market: 2
MLS®: R3172408

Buying in a building from 1982 to 2000: what to read first

Features

Central location
Elevator
Wheelchair access
Adult Oriented
Pets Allowed With Restrictions

Price check

Below typical for the area (-24%)

2026 assessment: $522,000 · asking is -5.2%
Price per sq ft: $434 vs $567 median for condos in Maple Ridge for sale (152)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 2 days · no price changes so far

The market here

Listed now: 54 days; median for 152 condos for sale; this one 2 days

Condos in Maple Ridge. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$2,862/mo

Mortgage $2,156 · Tax $261 · Strata $445

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$2,156/ monthly

loan $395,920

25-year amortization

down payment20% · $98,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $250,950
property transfer tax: $7,898; BC general rate
cash to close: $106,878; down + PTT
total paid: $646,870

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Rent: $1,653/mo
After all costs: −$1,376/mo
Cap rate: 1.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,156 · tax $261 · strata $445 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in Maple Ridge (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca