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$829,000

13 10550 248 STREET

Maple Ridge · MLS® R3097359

All units at 10550 248 St →

4 bed · 4 bath · 1,854 sq ft · 2 parking

Townhouse · Single Family · built 2015 · 214 days on market

Listed by David Sella, Royal LePage Elite West

Realtor's description

Welcome to The Terraces in Thornhill, Maple Ridge. This three-level end-unit townhome offers approximately 1,854 sq. ft. of well-designed living space with a bright, open-concept main floor ideal for everyday living and entertaining. The modern kitchen features quartz countertops, stainless steel appliances, and quality cabinetry, complemented by laminate flooring, crown moulding, and an electric fireplace. Enjoy a sundeck and patio plus artificial turf in the front yard. Added features include retractable screen doors, ceiling-mounted storage in the insulated double garage, and a built-in alarm system. Stay comfortable year-round with air conditioning. Close to parks, trails, lakes, schools, shopping, and commuter routes.

Property details

Type: Townhouse, Single Family
Bedrooms: 4
Bathrooms: 4
Living area: 1,854 sq ft
Parking: 2
Year built: 2015
Property tax: $4,549 / yr
Strata fee: $427 / mo ($0.23 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 214
MLS®: R3097359

Features

Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All
Central Vacuum

Floor plans

Found among the listing photos.

Price check

Typical for the area (-3.7%)

2026 assessment: $887,000 · asking is -6.5%
Price per sq ft: $447 vs $465 median for townhouses in Maple Ridge for sale (116)

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 214 days · no price changes so far

The market here

Listed now: 43 days; median for 118 townhouses for sale; this one 214 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$887,000	$4,023
2025	$915,000	$3,833

Estimated tax up 5.0% from 2025 to 2026.

The listing shows $4,549 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

$4,418/mo

Mortgage $3,612 · Tax $379 · Strata $427

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

estimated payment

$3,612/ monthly

loan $663,200

25-year amortization

down payment20% · $165,80020%+ 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: $420,362
property transfer tax: $14,580; BC general rate
cash to close: $180,380; down + PTT
total paid: $1,083,562

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

Rent: $2,026/mo
After all costs: −$2,729/mo
Cap rate: 1.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,612 · tax $379 · strata $427 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom in Maple Ridge (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