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$699,900

1101 551 AUSTIN AVENUE

Coquitlam · MLS® R3155176

2 bed · 2 bath · 1,136 sq ft · 1 parking

Condo · Single Family · built 1989 · 56 days on market

Listed by Susana Suet-Kai Chan, Pacific Evergreen Realty Ltd.

Bright and well kept home in Brookmere Towers with a practical layout and excellent natural light. South facing exposure offers an open city and mountain view, with a nearby community park adding a pleasant green space setting. Spacious living and dining area with large windows and a covered balcony for year round enjoyment. Functional kitchen with ample storage and upgraded appliances, along with comfortable bedrooms and in suite laundry. Building amenities include indoor pool, hot tub, sauna, and gym, plus secure entry and well managed common areas. Steps to Lougheed Town Centre, SkyTrain, shops, restaurants, and daily conveniences-ideal for buyers seeking value, transit access, and a central eighbourhood. OPEN HOUSE Oct (Sun) 2:00 - 4:00 PM

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,136 sq ft
Parking: 1
Year built: 1989
Property tax: $2,724 / yr
Strata fee: $496 / mo ($0.44 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 56
MLS®: R3155176

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

Below typical for the area (-22%)

Price per sq ft: $616 vs $786 median for condos in Coquitlam for sale (518)

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.

Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

On market 56 days

Listed now: 43 days; median for 518 condos for sale; this one 56 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

$3,772/mo

Mortgage $3,049 · Tax $227 · Strata $496

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

estimated payment

$3,049/ monthly

loan $559,920

25-year amortization

down payment20% · $139,98020%+ 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: $354,899
property transfer tax: $11,998; BC general rate
cash to close: $151,978; down + PTT
total paid: $914,819

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.

Rent: $2,175/mo
After all costs: −$1,806/mo
Cap rate: 2.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,049 · tax $227 · strata $496 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in Coquitlam (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

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