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$1,275,000

128 1340 OLMSTED STREET

Coquitlam · MLS® R3171550

4 bed · 4 bath · 2,273 sq ft · 2 parking

Townhouse · Single Family · built 2024 · 5 days on market

Listed by Hana Lee, Sutton Group - 1st West Realty

Like New Without GST! This stunning 2-year-old END UNIT by Mosaic is ideally located in one of Burke Mt´s most family friendly location, right next to Riley Park and within walking distance to Coast Salish Elementary, future rec centre, new secondary school, and new Athletic Park. A bus stop is also just 2 minutes away for added convenience. Enjoy 10´ ceilings and oversized windows. A huge unfinished storage room provides incredible BONUS space for skis, camping gear and more. The versatile upper-level loft is perfect for a home office or hobby space, with 3 bedrooms upstairs plus a walk-out lower level featuring a 4th bedroom and family room. Designed for families looking for space to grow and enjoy for years to come.**OPEN HOUSE 3-5pm Sat,Oct 10

Type: Townhouse, Single Family
Bedrooms: 4
Bathrooms: 4
Living area: 2,273 sq ft
Parking: 2
Year built: 2024
Property tax: $5,153 / yr
Strata fee: $403 / mo ($0.18 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 5
MLS®: R3171550

Below typical for the area (-9.9%)

2026 assessment: $1,388,000 · asking is -8.1%
Price per sq ft: $561 vs $623 median for townhouses in Coquitlam for sale (160)
Last sold: $1,459,395 · Mar 17, 2024

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.

Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Found among the listing photos.

On market 5 days

Listed now: 35 days; median for 160 townhouses for sale; this one 5 days

Townhouses 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.

$6,387/mo

Mortgage $5,555 · Tax $429 · Strata $403

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

estimated payment

$5,555/ monthly

loan $1,020,000

25-year amortization

down payment20% · $255,00020%+ 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: $646,516
property transfer tax: $23,500; BC general rate
cash to close: $278,500; down + PTT
total paid: $1,666,516

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: $2,627/mo
After all costs: −$4,145/mo
Cap rate: 1.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $5,555 · tax $429 · strata $403 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ 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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