327 12085 228 Street

1 / 26

$399,000

327 12085 228 Street

Maple Ridge · MLS® R3177384

111

750 sq ft · Condo · Single Family · built 2008 · 5 days on market

listed by Dave Robles, RE/MAX Treeland Realty

realtor's description

This spacious 750 square ft condo in The Rio is move in ready, making it the perfect investment condo, or great for 1st time home buyers and down sizers. Thoughtful layout with large windows making it nice and bright and new blinds installed! Kitchen offers granite counters, plenty of cabinetry and S/S appliances. Open plan living and dining room lead to the large covered deck for year round use. Bedroom is huge and a great place to retreat at the end of the day. Secure underground parking spot ( opportunity to rent another spot) & all amenities, restaurants, shopping, recreation, and schools right outside your door. Quick walk to transit connecting you to the West Coast Express~ perfect for commuters. Super location and affordable living!

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 750 sq ft
parking: 1
year built: 2008
property tax: $2,705 / yr
strata fee: $332 / mo ($0.44 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 5
MLS®: R3177384

features

Central location
Elevator
Pets Allowed With Restrictions
All

floor plans

found among the listing photos.

monthly cost

$2,296/mo

Mortgage $1,738 · Tax $225 · Strata $332

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

estimated payment

$1,738/ monthly

loan $319,200

25-year amortization

down payment20% · $79,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 26, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $202,321
property transfer tax: $5,980; BC general rate
cash to close: $85,780; down + PTT
total paid: $521,521

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.

if you rented it out

rent: $1,640/mo
after all costs: −$822/mo
cap rate: 2.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,738 · tax $225 · strata $332 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Maple Ridge: CMHC's average there ($1,426) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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