3 bed · 2 bath · 1,050 sq ft · 2 parking
Condo · Single Family · built 2019 · 26 days on market
Listed by Marcus Kim, Team 3000 Realty Ltd.
Realtor's description
Beautiful 3-bedroom, 2-bathroom corner unit at Simon by Otivo in the family-friendly Burquitlam neighbourhood. This modern and bright home is ideally located within walking distance to Lougheed Town Centre, Burquitlam Station, restaurants, parks, supermarkets, and the newly built 55,000 sq. ft. YMCA Burquitlam. Featuring a functional layout with no wasted space, this southwest-facing unit offers abundant natural light and open views from all three bedrooms. Includes 2 SIDE-BY-SIDE PARKING stalls and 1 storage locker conveniently located on the same floor. A fantastic opportunity you won't want to miss!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 1,050 sq ft
- Parking
- 2
- Year built
- 2019
- Property tax
- $3,085 / yr
- Strata fee
- $576 / mo ($0.55 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 26
- MLS®
- R3164787
Features
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Monthly cost
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,627/mo
- After all costs
- −$2,023/mo
- Cap rate
- 2.3%
- yearly net rent ÷ price
Costs: mortgage $3,572 · tax $257 · strata $576 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 3+ 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
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