2308 537 Cotton Wood Avenue

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$538,000

2308 537 Cotton Wood Avenue

Coquitlam · MLS® R3178671

111

516 sq ft · Condo · Single Family · built 2025 · listed today

listed by Marcie Panah, Royal LePage Sussex

realtor's description

Always owner Occupied ! JINJU quality built by reputable developer Anthem, centrally located in the heart of West Coquitlam, yet away from the skytrain track. Excellent unobstructed mountain view. Spacious 1 bedroom with walking closet floor plan. Air conditioning provides the perfect relaxing environment after a hard day's work, and its wellness centre is second to none which you will fall in love with . ( charcoal room, steam, sauna, loung, gym. music roo, kids play area and much more ). Move into your own oasis of resort-style living. Act now. HS October 31, and Nov 1 st 2-4 PM

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 516 sq ft
parking: 1
year built: 2025
strata fee: $268 / mo ($0.52 / sq ft)
days on market: 0
MLS®: R3178671

features

Central location
Private setting
Elevator

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

$2,612/mo

Mortgage $2,344 · Strata $268

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

estimated payment

$2,344/ monthly

loan $430,400

25-year amortization

down payment20% · $107,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 26, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $272,804
property transfer tax: $0; $8,760 less $8,760 newly built exemption
cash to close: $107,600; down + PTT
total paid: $703,204

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: $1,960/mo
after all costs: −$844/mo
cap rate: 3.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,344 · strata $268 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Coquitlam: CMHC's average there ($1,708) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% 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