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$1,030,000

40 1238 EASTERN DRIVE

Port Coquitlam · MLS® R3144745

3 bed · 3 bath · 2,267 sq ft · 2 parking

Townhouse · Single Family · built 1992 · 92 days on market

Listed by Sina Almasi, eXp Realty

Realtor's description

Beautifully updated 3-bedroom townhome in a quiet gated community overlooking Colony Farm Regional Park. This former show home features vaulted ceilings, hardwood flooring, two gas fireplaces, a gas stove, Ceran double sink, and a high-efficiency furnace with A/C potential. Upgrades completed within the past three years include new appliances, laundry, bedroom flooring, and fresh paint. The upper level offers a spacious primary retreat with a study area and spa-like ensuite. Downstairs includes two bedrooms, a full bath, and a large rec room opening to a private garden patio. Oversized double garage, 400 SF crawl space, nearby bike trails, highway access within two minutes, and downtown Vancouver approximately 30 minutes away. NEW PRICE!

Property details

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 2,267 sq ft
Parking: 2
Year built: 1992
Property tax: $3,731 / yr
Strata fee: $696 / mo ($0.31 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 92
MLS®: R3144745

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

Features

Gated community
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All
Central Vacuum
Intercom

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-8.8%)

2026 assessment: $1,019,000 · asking is +1.1%
Price per sq ft: $454 vs $498 median for townhouses in Port Coquitlam for sale (52)
Last sold: $969,000 · Jun 30, 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 92 days · no price changes so far

The market here

Listed now: 29 days; median for 52 townhouses for sale; this one 92 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,019,000	$3,847

The listing shows $3,731 a year in property tax.

Estimate: the BC Assessment value times Port 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

$5,495/mo

Mortgage $4,488 · Tax $311 · Strata $696

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

estimated payment

$4,488/ monthly

loan $824,000

25-year amortization

down payment20% · $206,00020%+ 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: $522,283
property transfer tax: $18,600; BC general rate
cash to close: $224,600; down + PTT
total paid: $1,346,283

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: $2,627/mo
After all costs: −$3,253/mo
Cap rate: 1.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $4,488 · tax $311 · strata $696 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom in Port 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