1 / 21

$348,800

308 12283 224 STREET

Maple Ridge · MLS® R3143893

All units at 12283 224 St →

1 bed · 1 bath · 497 sq ft · 1 parking

Condo · Single Family · built 2008 · 94 days on market

Listed by Behfuruz Afshari, Oakwyn Realty Encore

Realtor's description

Location, Location! Ideal for first-time buyers, downsizers, or investors. Discover this well-maintained 1 Bedroom, 1 Bathroom 3rd-floor home in the heart of West Central Maple Ridge. Bright and west-facing, this home overlooks peaceful green space from a private balcony, perfect for relaxing. The open-concept layout features granite countertops, stainless steel appliances, in-suite laundry, a built-in workstation, and a spacious living area. Residents enjoy a well-appointed amenity room with a full kitchen and pool table, ideal for entertaining. Just steps to parks, schools, shopping, restaurants, recreation, and transit, with quick access to Lougheed Highway and Golden Ears Bridge. Includes 1 secure underground parking stall.

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 497 sq ft
Parking: 1
Year built: 2008
Property tax: $2,217 / yr
Strata fee: $227 / mo ($0.46 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 94
MLS®: R3143893

Features

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

Price check

Above typical for the area (+24%)

2026 assessment: $341,300 · asking is +2.2%
Price per sq ft: $702 vs $565 median for condos in Maple Ridge for sale (153)
Last sold: $375,000 · Apr 18, 2023

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 94 days · no price changes so far

The market here

Listed now: 46 days; median for 161 condos for sale; this one 94 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	$341,300	$1,548

The listing shows $2,217 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

$1,931/mo

Mortgage $1,520 · Tax $185 · Strata $227

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

estimated payment

$1,520/ monthly

loan $279,040

25-year amortization

down payment20% · $69,76020%+ 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: $176,866
property transfer tax: $4,976; BC general rate
cash to close: $74,736; down + PTT
total paid: $455,906

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: −$655/mo
Cap rate: 3.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,520 · tax $185 · strata $227 · 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