12035 Glenhurst Street

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$1,188,000

12035 Glenhurst Street

Maple Ridge · MLS® R3145971

12,600 sq ft lot · Land · Vacant Land · 104 days on market

listed by Lana Wu, RE/MAX Colonial Pacific Realty

realtor's description

TWO LOTS - TWO DUPLEXES (FOUR UNITS)! Exceptional 12,200 SQFT development opportunity with PLA approval for TWO DUPLEX LOTS. Subdivision into two approximately 6,000 SQFT lots, complete with full engineering and finalized floor plans. Build two duplexes (four homes total), each approx. 2,096 SQFT over three levels, featuring 5 bedrooms, 4 bathrooms, a legal suite, and 2 parking spaces per home. Located in a quiet, highly desirable neighbourhood, steps to top schools, parks, shopping, and major commuter routes. A rare turn-key opportunity ideal for builders, investors, or multi-generational families. GREAT PRICE TO SELL - ACT FAST!

property details

type: Land, Vacant Land
lot: 12,600 sq ft
parking: 0
property tax: $6,159 / yr
days on market: 104
MLS®: R3145971

features

Central location

floor plans

found among the listing photos.

the market here

listed now: 136 days; median for 75 homes for sale; this one 104 days

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

property tax by year

year	assessed	est. tax
2026	$1,192,500	$5,409

The listing shows $6,159 a year in property tax.

Estimate: the BC Assessment value times Maple Ridge'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

$5,689/mo

Mortgage $5,176 · Tax $513

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

estimated payment

$5,176/ monthly

loan $950,400

25-year amortization

down payment20% · $237,60020%+ 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: $602,401
property transfer tax: $21,760; BC general rate
cash to close: $259,360; down + PTT
total paid: $1,552,801

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: $4,355/mo; vs $5,864 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $5,176 · tax $513 · 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