23311 118 Avenue

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$1,699,900

23311 118 Avenue

Maple Ridge · MLS® R3089816

2,037 sq ft · 32,234 sq ft lot · House · Single Family · built 1967 · 256 days on market

listed by Sandra Wyant, eXp Realty

realtor's description

Development Opportunity - Investor Alert! Prime development potential! This 32,234.4 sq. ft. lot (as per BC Assessment) is perfect for builders and investors. Located in an excellent area for future projects, this property offers ample space for development. Showings by scheduled appointments only-do not access the property without prior approval. Contact us today for more details!

property details

type: House, Single Family
bedrooms: 4
bathrooms: 2
living area: 2,037 sq ft
lot: 32,234 sq ft
parking: 0
year built: 1967
property tax: $7,185 / yr
days on market: 256
MLS®: R3089816

features

Central location

floor plans

found among the listing photos.

the market here

listed now: 71 days; median for 467 houses for sale; this one 256 days

Houses in Maple Ridge. Sale prices register 1 to 3 months after a sale closes.

property tax by year

year	assessed	est. tax
2026	$1,340,000	$6,078

The listing shows $7,185 a year in property tax.

Estimate: the BC Assessment value times Maple Ridge'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

$8,005/mo

Mortgage $7,406 · Tax $599

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

estimated payment

$7,406/ monthly

loan $1,359,920

25-year amortization

down payment20% · $339,98020%+ 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: $861,970
property transfer tax: $31,998; BC general rate
cash to close: $371,978; down + PTT
total paid: $2,221,890

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.