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$1,388,000

2009 305 MORRISSEY ROAD

Port Moody · MLS® R3120629

All units at 305 Morrissey Rd →

2 bed · 2 bath · 1,350 sq ft · 1 parking

Condo · Single Family · built 2022 · 156 days on market

Listed by Mohamed Sabry, Royal LePage West Real Estate Services

Realtor's description

Unobstructed inlet, mountain, and sunset views set the tone in this stunning 2-bed 2-bath+ Den/office/bedroom with closet, Flex room with French door, Laundry room with sink and folding space. Equipped with A/C, Highlights include a chef-inspired kitchen, marble counters /backsplash, gas cooktop, grand breakfast bar, and premium appliances. Dining and expansive living room perfect for entertaining. Primary suite features WIC and spa-like ensuite with heated floors, soaker tub, and frameless shower. Parking a storage. Steps to Skytrain, Resort-style amenities: Clubhouse, outdoor pool, hot tub, sauna, gym, steam room, golf sim, guest room.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,350 sq ft
Parking: 1
Year built: 2022
Property tax: $5,077 / yr
Strata fee: $564 / mo ($0.42 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 156
MLS®: R3120629

Features

Central location
Elevator
Pets Allowed With Restrictions
All
Dryer

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+29%)

2026 assessment: $1,177,000 · asking is +18%
Price per sq ft: $1,028 vs $796 median for condos in Port Moody for sale (127)

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 156 days · no price changes so far

The market here

Listed now: 30 days; median for 135 condos for sale; this one 156 days

Condos in Port Moody. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$1,177,000	$5,051

The listing shows $5,077 a year in property tax.

Estimate: the BC Assessment value times Port Moody'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

$7,034/mo

Mortgage $6,047 · Tax $423 · Strata $564

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

estimated payment

$6,047/ monthly

loan $1,110,400

25-year amortization

down payment20% · $277,60020%+ 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: $703,815
property transfer tax: $25,760; BC general rate
cash to close: $303,360; down + PTT
total paid: $1,814,215

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: $2,175/mo
After all costs: −$5,068/mo
Cap rate: 0.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $6,047 · tax $423 · strata $564 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in Port Moody (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