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$778,000

218 615 COTTONWOOD AVENUE

Coquitlam · MLS® R3139727

All units at 615 Cottonwood Ave →

2 bed · 2 bath · 996 sq ft · 1 parking

Condo · Single Family · built 2024 · 107 days on market

Listed by Gordon Chan, Homeland Realty

Realtor's description

Welcome to Cardinal! This bright 996 SF Northwest corner home offers an open layout, abundant natural light, and a spacious 118 SF covered balcony. Ideally located just minutes from Burquitlam SkyTrain Station and The City of Lougheed Shopping Centre, with schools, parks, restaurants, and daily conveniences nearby. Enjoy excellent amenities including a fitness centre, guest suite, residents' lounge, and landscaped courtyard. A fantastic opportunity in the heart of Burquitlam.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 996 sq ft
Parking: 1
Year built: 2024
Property tax: $2,942 / yr
Strata fee: $397 / mo ($0.40 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 107
MLS®: R3139727

Features

Central location
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Price check

Typical for the area (-0.6%)

2026 assessment: $813,000 · asking is -4.3%
Price per sq ft: $781 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 107 days · no price changes so far

The market here

Listed now: 39 days; median for 545 condos for sale; this one 107 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$813,000	$3,132

The listing shows $2,942 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

$4,031/mo

Mortgage $3,390 · Tax $245 · Strata $397

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

estimated payment

$3,390/ monthly

loan $622,400

25-year amortization

down payment20% · $155,60020%+ 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: $394,501
property transfer tax: $13,560; BC general rate
cash to close: $169,160; down + PTT
total paid: $1,016,901

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: −$2,065/mo
Cap rate: 2.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,390 · tax $245 · strata $397 · 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: 4,534 m² (48,804 sq ft). From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

CoquitlamGoogle Maps ↗

Location

CoquitlamGoogle Maps ↗

Development nearby

Development permit for a 37 storey, 347 unit building
340 m away · 2023 · approved · 530 & 550 Cottonwood Ave, 663 & 675 Whiting Way
Construct one 30-storey tower with 275 strata units, one 37-storey tower with 347 market rental units, and one 2-storey amenity building, as phase one of Master Development Plan.
Rezoning for a 6 storey, 331 unit building
230 m away · 2023 · under review · 629-637 Foster Ave, 662-670 Fairview St & 656-669 Adler Ave
Revised project includes two mid-rise buildings, six-storeys plus a partially exposed seventh story. Total of 331 apartment units are proposed, ranging from 1 to 3 bedrooms.
Rezoning for a 6 storey, 121 unit building
310 m away · 2024 · conditionally approved · 711, 713, 717, 721, 723, & 729 Dogwood Street
Construct one 6-storey apartment building with 104 units and two 4-storey stacked townhouse buildings with 17 units, for a total of 121 units.
Development permit for a 6 storey, 93 unit building
170 m away · 2026 · approved · 609 Smith Avenue
Minor Amendment for landscape changes to six-storey purpose-built rental apartment building with 93 units.
Rezoning for a 6 storey building
150 m away · 2023 · approved · 622-640 Smith Ave, 702 Fairview St, 637-641 Vanessa Crt
Construct two 6-storey apartment buildings

And 1 smaller application nearby.

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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