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$559,900

209 12367 224 STREET

Maple Ridge · MLS® R3162115

All units at 12367 224 St →

2 bed · 2 bath · 946 sq ft · 2 parking

Condo · Single Family · built 2017 · 30 days on market

Listed by Greg Covell, RE/MAX Select Realty

Realtor's description

Welcome home to Falcon House! Nestled away on the sunny side of the building, this lovingly-appointed 2-bedroom, 2-bathroom home features the best in modern design elements. Your contemporary, open kitchen features ample cabinet storage, stainless-steel appliances, wide-plank tile backsplash and a large kitchen island with breakfast bar. Your grand primary bedroom features oversized windows, a private ensuite with double vanities and mirrors, plus an oversized walk-in closet with built-in shelving. Your second bedroom is conveniently located across the home for additional privacy. BONUS! Your oversized laundry room features full-size side-by-side laundry and additional storage, plus 2 PARKING STALLS, EV charging and a locker. Take our Matterport tour 24/7 or call your Realtor today!

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 946 sq ft
Parking: 2
Year built: 2017
Property tax: $3,390 / yr
Strata fee: $351 / mo ($0.37 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 30
MLS®: R3162115

Features

Private setting
Elevator
Wheelchair access
Pets Allowed With Restrictions
All
Intercom

Price check

Typical for the area (+4.7%)

2026 assessment: $580,000 · asking is -3.5%
Price per sq ft: $592 vs $565 median for condos in Maple Ridge for sale (151)

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 30 days · no price changes so far

The market here

Listed now: 57 days; median for 151 condos for sale; this one 30 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	$580,000	$2,631

The listing shows $3,390 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

$3,073/mo

Mortgage $2,439 · Tax $282 · Strata $351

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

estimated payment

$2,439/ monthly

loan $447,920

25-year amortization

down payment20% · $111,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 8, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $283,909
property transfer tax: $9,198; BC general rate
cash to close: $121,178; down + PTT
total paid: $731,829

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: $1,653/mo
After all costs: −$1,588/mo
Cap rate: 1.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,439 · tax $282 · strata $351 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in Maple Ridge (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