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$599,900

203 2998 SILVER SPRINGS BOULEVARD

Coquitlam · MLS® R3172537

2 bed · 2 bath · 860 sq ft · 1 parking

Condo · Single Family · built 2003 · 2 days on market

Listed by Alyssa Bilous, First Stay Realty Inc.

Fully renovated 2 BED + 2 BATH condo in sought-after Silver Springs at the foot of Westwood Plateau. Open concept layout with new flooring, granite counters, gas range, S/S appliances, stone fireplace, designer paint, new mouldings/doors, custom lighting & blinds. Well-maintained complex with HUGE contingency fund. Enjoy Cascade Club amenities including outdoor pool, hot tub, gym, theatre, BBQ & lounges. Prime location minutes to Coquitlam Centre, Lafarge Lake, schools, rec centre, Douglas College & Evergreen SkyTrain. MUST SEE!

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 860 sq ft
Parking: 1
Year built: 2003
Property tax: $2,261 / yr
Strata fee: $496 / mo ($0.58 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 2
MLS®: R3172537

Below typical for the area (-11%)

2026 assessment: $613,000 · asking is -2.1%
Price per sq ft: $698 vs $787 median for condos in Coquitlam for sale (515)

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.

Central location
Private setting
Treed
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Washer & Dryer

On market 2 days

Listed now: 44 days; median for 515 condos for sale; this one 2 days

Condos 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 Maps can be out of date or miss a lot line; confirm with the municipality.

$3,298/mo

Mortgage $2,614 · Tax $188 · Strata $496

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

estimated payment

$2,614/ monthly

loan $479,920

25-year amortization

down payment20% · $119,98020%+ 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: $304,192
property transfer tax: $9,998; BC general rate
cash to close: $129,978; down + PTT
total paid: $784,112

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: $2,175/mo
After all costs: −$1,332/mo
Cap rate: 2.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,614 · tax $188 · strata $496 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-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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