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$688,000

204 555 Austin Avenue

Coquitlam · MLS® R3157283

All units at 555 Austin Ave →

2 bed · 2 bath · 1,233 sq ft · 1 parking

Condo · Single Family · built 1990 · 52 days on market

Listed by Wesley Yu, Sutton Group-West Coast Realty

Realtor's description

Welcome to Brookmere Towers! This spacious 1,233 SF corner home offers an exceptional opportunity for buyers seeking a large 2 Bed + Den and 2 Bath condo in a prime Coquitlam location. The versatile den could potentially be converted into a 3rd bedroom. Enjoy bright South-East exposure, a private balcony, and a functional layout ready for your personal touch. The well-maintained building is set within a well-managed strata and features great amenities including a swimming pool, hot tub, sauna, and fitness room. Unbeatable location within walking distance to Lougheed Town Centre, SkyTrain, shopping, restaurants, and everyday conveniences. Includes 1 parking stall and 1 storage locker. A great opportunity to own a large home in a fantastic location! Open House: Saturday Oct 3rd 2:00-3:00pm

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,233 sq ft
Parking: 1
Year built: 1990
Property tax: $2,791 / yr
Strata fee: $539 / mo ($0.44 / sq ft)
Strata rules: Pets Allowed
Days on market: 52
MLS®: R3157283

Buying in a building from 1982 to 2000: what to read first

Features

Central location
Elevator
Pets Allowed
All

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-29%)

2026 assessment: $706,000 · asking is -2.5%
Price per sq ft: $558 vs $786 median for condos in Coquitlam for sale (510)

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 52 days · no price changes so far

The market here

Listed now: 40 days; median for 545 condos for sale; this one 52 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$706,000	$2,720

The listing shows $2,791 a year in property tax.

Estimate: the BC Assessment value times 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

$3,769/mo

Mortgage $2,998 · Tax $233 · Strata $539

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

estimated payment

$2,998/ monthly

loan $550,400

25-year amortization

down payment20% · $137,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 10, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $348,865
property transfer tax: $11,760; BC general rate
cash to close: $149,360; down + PTT
total paid: $899,265

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: −$1,803/mo
Cap rate: 2.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,998 · tax $233 · strata $539 · 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

Location

The building's lot: 11,183 m² (120,373 sq ft) · PID 014-701-855. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

CoquitlamGoogle Maps ↗

Location

CoquitlamGoogle Maps ↗

Development nearby

Rezoning for a 50 storey building
180 m away · 2023 · conditionally approved · 516, 520, 524, 528, 532, 538, 548, 558, 562, 566 Brookmere Avenue
Master Development Plan with a mix of uses including, market strata residential, market rental residential, affordable housing, office, and commercial, contained in 7 point and podium towers ranging from 28-50 storeys.
Rezoning for a 6 storey, 326 unit building
250 m away · 2024 · under review · 548-574 Cochrane Ave, 549-571 Brookmere Ave & 550 Denton St
Construct two 6-storey market residential buildings with a total of 326 units.
Development permit for a 6 storey, 116 unit building
210 m away · 2024 · approved · 602 Sydney Avenue
Construct a six-story senior rental housing apartment building with underground parking, comprising 116 units.
Rezoning for 25 homes
350 m away · 2023 · conditionally approved · 573, 601, 605 Madore Ave
Construct 25 townhouse units (16 of which have lock-off suites).
Rezoning for 20 homes
260 m away · 2023 · under review · 604, 606, 608 Sydney Ave
Construct 20 townhouse units with one level of underground parking.

Applications filed with the city, active or decided in the last 3 years, measured from the listing's map pin. An application isn't an approval; the city's page has the current details. Source: City of Coquitlam development applications.

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