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$575,000

313 723 GROVER AVENUE

Coquitlam · MLS® R3114923

2 bed · 1 bath · 645 sq ft · 1 parking

Condo · Single Family · built 2025 · 170 days on market

Listed by Anh Nguyen, Royal Pacific Realty (Kingsway) Ltd.

Realtor's description

Modern Luxury at SOL by Adera! Discover this 1 year young spacious Junior 2-bedroom sanctuary in the heart of West Coquitlam. Built with innovative mass-timber construction and QuietHome Technology, this unit offers a peacefull retreat overlooking a quiet courtyard. Enjoy high-end finishes, stainless appliances and granite countertops. Ideally located just a 7-minute walk to Burquitlam Skytrain, you're steps away from Safeway, YMCA and SFU. The amenities include a fitness center, co-working lounge, a rooftop BBQ terrace with mountain views. Includes 1 EV-Ready parking stall 1 storage locker. Perfect for first-time buyers or investors seeking premium quality in a vibrant, growing community. Move in and enjoy the lifestyle!

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 645 sq ft
Parking: 1
Year built: 2025
Property tax: $655 / yr
Strata fee: $332 / mo ($0.52 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 170
MLS®: R3114923

Features

Central location
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+13%)

2026 assessment: $589,000 · asking is -2.4%
Price per sq ft: $891 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 170 days · no price changes so far

The market here

Listed now: 43 days; median for 536 condos for sale; this one 170 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$589,000	$2,269

The listing shows $655 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

$2,892/mo

Mortgage $2,505 · Tax $55 · Strata $332

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

estimated payment

$2,505/ monthly

loan $460,000

25-year amortization

down payment20% · $115,00020%+ 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: $291,566
property transfer tax: $9,500; BC general rate
cash to close: $124,500; down + PTT
total paid: $751,566

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: $2,175/mo
After all costs: −$926/mo
Cap rate: 3.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,505 · tax $55 · strata $332 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-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

Location

The building's lot: 4,806 m² (51,731 sq ft) · PID 032-555-822. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

CoquitlamGoogle Maps ↗

Location

CoquitlamGoogle Maps ↗

Development nearby

Development permit for a 26 storey, 288 unit building
330 m away · 2023 · under review · 625 Como Lake Ave
Construct a 26-storey tower and seven-storey podium with 288 market-rental units (Phase 3 of entire project)
Rezoning for a 6 storey, 151 unit building
110 m away · 2025 · under review · 721, 723, 729, 731, 737, 739 Como Lake Ave & 804 Robinson St
Construct a six-storey residential building with 151 units.
Rezoning for a 6 storey, 121 unit building
230 m away · 2024 · conditionally approved · 711, 713, 717, 721, 723, & 729 Dogwood Street
Construct one 6-storey apartment building with 104 units and two 4-storey stacked townhouse buildings with 17 units, for a total of 121 units.
Rezoning for a 6 storey, 97 unit building
280 m away · 2025 · under review · 708, 712 & 714 Guiltner Street
Construct a 6-storey market rental building with a 97 units.
Development permit for a 3 storey, 92 unit building
200 m away · 2024 · approved · 720 Robinson Street
Construct 3 storey residential stacked and non-stacked townhouse units, distributed amongst 8 buildings with 92 townhouse units, over an on-site below grade common off-street parkade with a central neighborhood greenway spine running across the site and 1 amenity building accessible to all units.

And 1 smaller application nearby.

Applications filed with the city, active or decided in the last 3 years, measured from the listing's map pin. An application isn't an approval; the city's page has the current details. Source: City of Coquitlam development applications.

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