1 / 30

$528,000

401 22577 ROYAL CRESCENT

Maple Ridge · MLS® R3153426

All units at 22577 Royal Cres →

2 bed · 2 bath · 1,025 sq ft · 1 parking

Condo · Single Family · built 2020 · 63 days on market

Listed by Hani Faraj, RE/MAX Crest Realty

Realtor's description

Welcome to The Crest! This spacious 2-bedroom, 2-bathroom home features a huge den that can easily be used as a third bedroom, home office, or flex space. The open-concept layout offers a modern kitchen with stainless steel appliances, ample cabinetry, in-suite laundry, and a bright living area perfect for everyday living and entertaining. Includes 1 secure parking stall and 1 storage locker. Centrally located close to shopping, schools, parks, recreation, transit, and the West Coast Express. Rentals and pets are allowed, making this a great opportunity for homeowners and investors alike. Call today to book your private showing!

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,025 sq ft
Parking: 1
Year built: 2020
Property tax: $3,225 / yr
Strata fee: $340 / mo ($0.33 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 63
MLS®: R3153426

Features

Central location
Elevator
Pets Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-8.9%)

2026 assessment: $528,000 · asking is 0.0%
Price per sq ft: $515 vs $565 median for condos in Maple Ridge for sale (151)

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 63 days · no price changes so far

The market here

Listed now: 50 days; median for 159 condos for sale; this one 63 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	$528,000	$2,395

The listing shows $3,225 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

$2,909/mo

Mortgage $2,300 · Tax $269 · Strata $340

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

estimated payment

$2,300/ monthly

loan $422,400

25-year amortization

down payment20% · $105,60020%+ 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: $267,734
property transfer tax: $8,560; BC general rate
cash to close: $114,160; down + PTT
total paid: $690,134

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: $1,653/mo
After all costs: −$1,423/mo
Cap rate: 2.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,300 · tax $269 · strata $340 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-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