2307 720 Farrow Street

Coquitlam · MLS® R3178927

all units at 720 Farrow St →

221

1,104 sq ft · Condo · Single Family · built 2025 · listed today

listed by Rose Kim, Royal Pacific Tri-Cities Realty

realtor's description

Welcome to Smith & Farrow by Boffo Developments - a landmark commmunity in the heart of Burquitlam. This beautifully designed 2-bedroom, 2-bathroom home features an exceptionally spacious living room and an open, efficient layout offering comfort and style. Boffo's signature craftsmanship shines through premium built-in kitchen appliances, elegant cabinetry, stone countertops and refined flooring. The expansive living area flows seamlessly into the kitchen, creating a bright, inviting space for relaxing and entertaining. Enjoy exceptional amenities including a rooftop sky lounge, outdoor pool, hot tub, fitness centre and guest suites. Conveniently located near Burquitlam SkyTrain Station, shopping, dining and everyday essentials.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 1,104 sq ft
parking: 1
year built: 2025
strata fee: $655 / mo ($0.59 / sq ft)
strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
days on market: 0
MLS®: R3178927

features

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

floor plans

found among the listing photos.

the market here

listed now: 48 days; median for 507 condos for sale; this one listed today

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

monthly cost

$5,879/mo

Mortgage $5,224 · Strata $655

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

estimated payment

$5,224/ monthly

loan $959,200

25-year amortization

down payment20% · $239,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 27, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $607,978
property transfer tax: $21,980; BC general rate
cash to close: $261,780; down + PTT
total paid: $1,567,178

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent: $2,460/mo
after all costs: −$3,651/mo
cap rate: 1.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $5,224 · strata $655 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Coquitlam: CMHC's average there ($2,175) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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: 4,974 m² (53,540 sq ft) · PID 032-561-679. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

CoquitlamGoogle Maps ↗

Rapid transit: Burquitlam SkyTrain station, 200 m (about 3 min walk); Lougheed Town Centre SkyTrain station, 1.5 km (about 23 min walk).

development nearby

Rezoning for a 26 storey, 326 unit building
80 m away · 2023 · conditionally approved · 727 North Road
Construct a 26-storey strata building and a six-storey rental building with a total of 326 units.
Rezoning for a 35 storey building
240 m away · 2024 · under review · 602 Tyndall Street
Construct one 35-storey market condo (6.0 FAR) and one 6-storey purpose built rental building (1.0 FAR), including 0.2 FAR in Priority and Below-Market Units
Rezoning for a 27 storey, 245 unit building
100 m away · 2026 · under review · 541 Clarke Road
Construct a mixed-use 27-storey tower that includes (1) two storeys of commercial retail and office, (2) 245 market rental dwelling units, and (3) 8 below-market rental dwelling units,
Subdivision for a 29 storey building
270 m away · 2024 · approved · 618 Tyndall St
Create an airspace parcel for the 618 Tyndall Street lot to separate the residential strata (29-storey tower) and rental (6-storey midrise) spaces.
Rezoning
250 m away · 2020 · under review · 552 Clarke Rd
Construct 6 residential towers with approximately 2,175 strata and market rental units and commercial podium.

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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