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$504,888

203 1988 SUFFOLK AVENUE

Port Coquitlam · MLS® R3133539

1 bed · 1 bath · 734 sq ft · 2 parking

Condo · Single Family · built 2009 · 123 days on market

Listed by Rouzy Najafi, Real Broker

Realtor's description

Welcome to Magnolia Gardens! This bright, spacious one-bedroom corner unit shines with recent professional paint and updated laminate flooring in the bedroom. Tastefully modernized, the home features newer vertical S-shaped blinds, LED lighting, and upgraded appliances, including the refrigerator, washer, and dryer. Relax by the cozy fireplace or head outside to your massive 182 sq. ft. wrap-around covered deck-an ideal spot for entertaining year-round. Situated in the sought-after Glenwood area near Coquitlam Centre and transit, this home includes two parking spaces. FYI this Unit has TWO (2) covered parking spaces

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 734 sq ft
Parking: 2
Year built: 2009
Property tax: $1,833 / yr
Strata fee: $315 / mo ($0.43 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 123
MLS®: R3133539

Features

Elevator
Wheelchair access
Pets Allowed With Restrictions

Price check

Typical for the area (+3.3%)

2026 assessment: $498,000 · asking is +1.4%
Price per sq ft: $688 vs $666 median for condos in Port Coquitlam for sale (136)

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 123 days · no price changes so far

The market here

Listed now: 31 days; median for 140 condos for sale; this one 123 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$498,000	$1,880

The listing shows $1,833 a year in property tax.

Estimate: the BC Assessment value times Port Coquitlam'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

$2,667/mo

Mortgage $2,200 · Tax $153 · Strata $315

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

estimated payment

$2,200/ monthly

loan $403,910

25-year amortization

down payment20% · $100,97820%+ 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: $256,014
property transfer tax: $8,098; BC general rate
cash to close: $109,075; down + PTT
total paid: $659,925

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: $1,708/mo
After all costs: −$1,131/mo
Cap rate: 2.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,200 · tax $153 · strata $315 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-bedroom in Port 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