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$1,385,000

1120 WALLACE COURT

Coquitlam · MLS® R3164460

4 bed · 3 bath · 2,277 sq ft · 5,500 sq ft lot · 3 parking

House · Single Family · built 1983 · 24 days on market

Listed by David Reimers, Royal LePage West Real Estate Services

Realtor's description

CUL-DE-SAC LOCATION, LARGE BACKYARD AND TIER 1 TRANSIT-ORIENTED AREA. A great opportunity for buyers looking to get into a detached home in Coquitlam with significant upside potential. The main level offers 3 bedrooms and 2 bathrooms, while downstairs has a spacious 1-bedroom suite offering valuable mortgage help or extended family space. Well-maintained with tasteful updates, a large driveway and a private fenced backyard with plenty of room to enjoy. Located within Coquitlam´s Tier 1 Transit-Oriented Area, the property also offers excellent long-term redevelopment potential. Walk to SkyTrain, Coquitlam Centre, shopping, restaurants and transit. A solid home today with plenty of options for the future. Open House: Sat Oct 3 from 1-3pm

Property details

Type: House, Single Family
Bedrooms: 4
Bathrooms: 3
Living area: 2,277 sq ft
Lot: 5,500 sq ft
Parking: 3
Year built: 1983
Property tax: $4,991 / yr
Days on market: 24
MLS®: R3164460

Features

Central location
Cul-de-sac
Treed
All

Floor plans

Found among the listing photos.

Price check

Typical for the area (+3.3%)

2026 assessment: $1,400,000 · asking is -1.1%
Price per sq ft: $608 vs $589 median for houses in Coquitlam for sale (441)

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 24 days · no price changes so far

The market here

Listed now: 57 days; median for 456 houses for sale; this one 24 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,400,000	$5,393

The listing shows $4,991 a year in property tax.

Estimate: the BC Assessment value times Coquitlam's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$6,450/mo

Mortgage $6,034 · Tax $416

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

estimated payment

$6,034/ monthly

loan $1,108,000

25-year amortization

down payment20% · $277,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $702,294
property transfer tax: $25,700; BC general rate
cash to close: $302,700; down + PTT
total paid: $1,810,294

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

Suite rent: $1,708/mo
Your cost after the suite: $5,054/mo; vs $6,625 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $6,034 · tax $416 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) 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

Location

Lot outline: 501 m² (5,393 sq ft) · PID 003-629-848. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

CoquitlamGoogle Maps ↗

Location

CoquitlamGoogle Maps ↗

Development nearby

Development permit for a 51 storey, 513 unit building
390 m away · 2022 · under review · (20-045) - 2960, 2968 Christmas Way, 2950 Lougheed Hwy. 2954, 2965, 2966 Pheasant St
Construct a 51-storey tower with 513 residential units on a three-storey commercial podium.

Applications filed with the city, active or decided in the last 3 years, measured from the listing's map pin. An application isn't an approval; the city's page has the current details. Source: City of Coquitlam development applications.

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