11382 240 Street

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$1,099,999

11382 240 Street

Maple Ridge · MLS® R3177355

536

3,539 sq ft · 6,005 sq ft lot · House · Single Family · built 2006 · 5 days on market

listed by Connor Redmond, RE/MAX LIFESTYLES REALTY

realtor's description

COTTONWOOD | 3539 SQFT | SELF CONTAINED LEGAL SUITE | Presenting this 2 storey, 5 bed, 3 bath, 3539 sqft home centrally located in Cottonwood. LAYOUT; Room for the whole family and then some! In the main residence, 3 generous sized bedrooms upstairs, 2 full bathrooms, separate kitchen, formal dining and living area. Downstairs, 1 bedroom off the foyer and large laundry room. Self contained suite, 9' ceilings, open concept, 1 bedroom and 1 full sized bathroom. FEATURES; Original roof, furnace, hardwood floors, stainless steel appliances, double garage and large driveway for RV or trailer parking on back side of home with lane way access. LOCATION; Minutes from all convenience stores, walking trails, pubs, restaurants and all levels of schooling (Garibaldi Secondary School Catchment.)

property details

type: House, Single Family
bedrooms: 5
bathrooms: 3
living area: 3,539 sq ft
lot: 6,005 sq ft
parking: 6
year built: 2006
property tax: $8,379 / yr
days on market: 5
MLS®: R3177355

features

Central location
All

monthly cost

$5,491/mo

Mortgage $4,793 · Tax $698

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

estimated payment

$4,793/ monthly

loan $879,999

25-year amortization

down payment20% · $220,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 26, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $557,778
property transfer tax: $20,000; BC general rate
cash to close: $240,000; down + PTT
total paid: $1,437,777

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

suite rent: $1,640/mo
your cost after the suite: $4,157/mo; vs $5,666 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $4,793 · tax $698 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 1-bedroom in Maple Ridge: CMHC's average there ($1,426) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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