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$539,999

213 22255 122 AVENUE

Maple Ridge · MLS® R3120293

2 bed · 2 bath · 1,004 sq ft · 1 parking

Condo · Single Family · built 2006 · 154 days on market

Listed by Dave Friesen, eXp Realty

Realtor's description

Welcome to Magnolia Gate 213-22255 122nd Avenue, a beautiful 2 bed 2 bath condo with 1,004 square ft of living space. This bright home features an open layout with spacious living and dining areas that flows perfectly for everyday living and entertaining. The kitchen is finished with granite countertops, stainless steel appliances, and plenty of workspace, while the large primary bedroom includes a huge walk-in closet and ensuite. You´ll also enjoy the convenience of a full-size washer and dryer. Step out onto your covered balcony overlooking the peaceful interior courtyard, perfect for relaxing year-round. This home also includes underground parking and is centrally located close to shopping, parks, and amenities in the heart of Maple Ridge.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,004 sq ft
Parking: 1
Year built: 2006
Property tax: $2,886 / yr
Strata fee: $481 / mo ($0.48 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 154
MLS®: R3120293

Features

Central location
Elevator
Pets Allowed With Restrictions
All

Price check

Typical for the area (-5.1%)

2026 assessment: $548,000 · asking is -1.5%
Price per sq ft: $538 vs $567 median for condos in Maple Ridge for sale (152)
Last sold: $518,000 · May 25, 2023

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 154 days

The market here

Listed now: 54 days; median for 152 condos for sale; this one 154 days

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

Monthly cost

$3,075/mo

Mortgage $2,353 · Tax $241 · Strata $481

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

estimated payment

$2,353/ monthly

loan $431,999

25-year amortization

down payment20% · $108,00020%+ 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: $273,818
property transfer tax: $8,800; BC general rate
cash to close: $116,800; down + PTT
total paid: $705,817

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: −$1,589/mo
Cap rate: 1.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,353 · tax $241 · strata $481 · 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