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$359,000

304 20556 113 AVENUE

Maple Ridge · MLS® R3144725

All units at 20556 113 Ave →

1 bed · 1 bath · 712 sq ft · 1 parking

Condo · Single Family · built 1994 · 92 days on market

Listed by Josh Spence, Royal LePage Sterling Realty

Realtor's description

Welcome home this well laid out, 1 bedroom, 1 bath home at The Maple. The layout is generous, with spacious living and dining rooms, in-suite laundry, and an oversized primary bedroom with double closets. A private balcony overlooks mature trees, and the kitchen offers ample cabinetry and counter space. A fantastic opportunity for first-time buyers or downsizers looking to get into a well-run building at an attractive price. Conveniently located close to transit, shopping, and schools in an established, family-friendly neighbourhood. One parking and storage locker included! Open house July 19 from 1-3pm.

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 712 sq ft
Parking: 1
Year built: 1994
Property tax: $3,144 / yr
Strata fee: $277 / mo ($0.39 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 92
MLS®: R3144725

Buying in a building from 1982 to 2000: what to read first

Features

Central location
Elevator
Wheelchair access
Pets Allowed With Restrictions
All

Price check

Below typical for the area (-11%)

2026 assessment: $365,600 · asking is -1.8%
Price per sq ft: $504 vs $567 median for condos in Maple Ridge for sale (152)

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 92 days · no price changes so far

The market here

Listed now: 46 days; median for 161 condos for sale; this one 92 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$365,600	$1,658

The listing shows $3,144 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

$2,103/mo

Mortgage $1,564 · Tax $262 · Strata $277

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

estimated payment

$1,564/ monthly

loan $287,200

25-year amortization

down payment20% · $71,80020%+ 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: $182,039
property transfer tax: $5,180; BC general rate
cash to close: $76,980; down + PTT
total paid: $469,239

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: $1,426/mo
After all costs: −$827/mo
Cap rate: 2.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,564 · tax $262 · strata $277 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-bedroom in Maple Ridge (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