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$639,000

301 2959 GLEN DRIVE

Coquitlam · MLS® R3166761

All units at 2959 Glen Dr →

1 bed · 2 bath · 1,004 sq ft · 1 parking

Condo · Single Family · built 2009 · 22 days on market

Listed by Garry Gu, Pacific Evergreen Realty Ltd.

Realtor's description

2 bed + 2 bath Corner unit with beautiful view in Coquitlam center. Motivated seller, all offers welcome!

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 2
Living area: 1,004 sq ft
Parking: 1
Year built: 2009
Property tax: $2,612 / yr
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 22
MLS®: R3166761

Features

Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions

Price check

Below typical for the area (-19%)

2026 assessment: $704,000 · asking is -9.2%
Price per sq ft: $636 vs $788 median for condos in Coquitlam for sale (505)

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 22 days · no price changes so far

The market here

Listed now: 43 days; median for 536 condos for sale; this one 22 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$704,000	$2,712
2025	$743,000	$2,611

Estimated tax up 3.9% from 2025 to 2026.

The listing shows $2,612 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

$3,002/mo

Mortgage $2,784 · Tax $218

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

estimated payment

$2,784/ monthly

loan $511,200

25-year amortization

down payment20% · $127,80020%+ 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: $324,019
property transfer tax: $10,780; BC general rate
cash to close: $138,580; down + PTT
total paid: $835,219

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: −$1,465/mo
Cap rate: 2.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,784 · tax $218 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-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