203 22562 121 Avenue

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$399,999

203 22562 121 Avenue

Maple Ridge · MLS® R3132281

all units at 22562 121 Ave →

111

653 sq ft · Condo · Single Family · built 2017 · 144 days on market

listed by Kenny Liau, LeHomes Realty Premier

realtor's description

Welcome to Edge 2 - your new home in the heart of Maple Ridge! Completely rebuilt in 2025, this bright and elegant one-bedroom, one den, and one-bathroom home offers modern living at its finest. Nestled in a vibrant neighborhood with excellent amenities, Edge 2 is designed for comfort and convenience. Step inside to discover a sleek, effortless lifestyle featuring brand-new stainless steel appliances and a fresh, contemporary feel throughout. Your next chapter starts here - welcome home.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 653 sq ft
parking: 1
year built: 2017
property tax: $1,863 / yr
strata fee: $335 / mo ($0.51 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 144
MLS®: R3132281

features

Central location
Elevator
Pets Allowed With Restrictions
All
Dishwasher

the market here

listed now: 54 days; median for 144 condos for sale; this one 144 days

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

property tax by year

year	assessed	est. tax
2026	$429,000	$1,946
2025	$327,700	$1,373

Estimated tax up 41.7% from 2025 to 2026.

The listing shows $1,863 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

$2,233/mo

Mortgage $1,743 · Tax $155 · Strata $335

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

estimated payment

$1,743/ monthly

loan $319,999

25-year amortization

down payment20% · $80,00020%+ 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: $202,828
property transfer tax: $6,000; BC general rate
cash to close: $86,000; down + PTT
total paid: $522,827

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

rent: $1,640/mo
after all costs: −$759/mo
cap rate: 3.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,743 · tax $155 · strata $335 · insurance ~$35 · vacancy 3% · upkeep 5%.

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