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$592,800

215 1148 Westwood Street

Coquitlam · MLS® R3014768

All units at 1148 Westwood St →

2 bed · 2 bath · 902 sq ft · 1 parking

Condo · Single Family · built 1992 · 485 days on market

Listed by Linda Leite, Magsen Realty Inc.

Realtor's description

This property offers a fantastic opportunity for first-time buyers and investors seeking to increase their rental income and benefit from future value appreciation for redevelopment. It is situated in a prime area, zoned for mixed-use residential and commercial development. Don't miss out on this exceptional location in downtown Coquitlam, featuring a well-maintained home in a neighborhood with strong rental demand. The property provides easy access to the SkyTrain and public transit, making commuting convenient. It is also close to elementary and high schools and to Douglas College. Steps away from various commercial establishments, Coquitlam Mall, restaurants, cafes, and a vibrant community atmosphere. New Quartz kitchen/bathroom countertops, and new appliances

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 902 sq ft
Parking: 1
Year built: 1992
Property tax: $199 / yr
Strata fee: $493 / mo ($0.55 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 485
MLS®: R3014768

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

Features

Central location
Pets Allowed With Restrictions
Refrigerator
Stove
Washer & Dryer

Price check

Below typical for the area (-16%)

2026 assessment: $571,000 · asking is +3.8%
Price per sq ft: $657 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 485 days · no price changes so far

The market here

Listed now: 40 days; median for 545 condos for sale; this one 485 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$571,000	$2,199
2025	$586,000	$2,060

Estimated tax up 6.7% from 2025 to 2026.

The listing shows $199 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

$3,093/mo

Mortgage $2,583 · Tax $17 · Strata $493

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

estimated payment

$2,583/ monthly

loan $474,240

25-year amortization

down payment20% · $118,56020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 11, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $300,592
property transfer tax: $9,856; BC general rate
cash to close: $128,416; down + PTT
total paid: $774,832

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: −$1,127/mo
Cap rate: 2.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,583 · tax $17 · strata $493 · 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