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$614,000

2203 305 MORRISSEY ROAD

Port Moody · MLS® R3161572

All units at 305 Morrissey Rd →

1 bed · 1 bath · 686 sq ft · 1 parking

Condo · Single Family · built 2022 · 35 days on market

Listed by James Litman, Century 21 In Town Realty

Realtor's description

Welcome to this immaculate 22nd-floor 1 bed + den home at The Grande in sought after Suter Brook Village. Enjoy breathtaking mountain views stretching to Abbotsford and spectacular sunrises from this bright, open-concept home that shows like new. Features include laminate flooring throughout, quartz and marble countertops, stainless steel appliances, a gas cooktop, built-in wall oven, pantry, air conditioning, and a spacious layout designed for comfortable living and entertaining. Resort style amenities include an outdoor pool, hot tub, sauna, fitness centre, golf simulator, theatre, guest suites, concierge, and more. Steps to SkyTrain, Rocky Point, Brewery Row, shops, restaurants, and everyday conveniences. Includes 1 parking and 1 locker.

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 686 sq ft
Parking: 1
Year built: 2022
Property tax: $2,915 / yr
Strata fee: $339 / mo ($0.49 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 35
MLS®: R3161572

Features

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

Price check

Above typical for the area (+12%)

2026 assessment: $684,000 · asking is -10%
Price per sq ft: $895 vs $796 median for condos in Port Moody for sale (127)
Last sold: $760,000 · Apr 16, 2024

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 35 days · no price changes so far

The market here

Listed now: 30 days; median for 135 condos for sale; this one 35 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$684,000	$2,935

The listing shows $2,915 a year in property tax.

Estimate: the BC Assessment value times Port Moody'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

$3,257/mo

Mortgage $2,675 · Tax $243 · Strata $339

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

estimated payment

$2,675/ monthly

loan $491,200

25-year amortization

down payment20% · $122,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $311,342
property transfer tax: $10,280; BC general rate
cash to close: $133,080; down + PTT
total paid: $802,542

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: $1,708/mo
After all costs: −$1,721/mo
Cap rate: 1.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,675 · tax $243 · strata $339 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-bedroom in Port Moody (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