403 22577 Royal Crescent

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$605,000

403 22577 Royal Crescent

Maple Ridge · MLS® R3176667

all units at 22577 Royal Cres →

322

1,355 sq ft · Condo · Single Family · built 2020 · 7 days on market

listed by Alice Lu, Sutton Group - 1st West Realty

realtor's description

Welcome to this 3-bedroom END UNIT offering bright exposure to the East, South, and North, filling the home with natural light throughout the day. This modern residence at Crest features nearly 1,400 sq.ft. of spacious living and two oversized balconies perfect for relaxing or entertaining. Thoughtfully designed with upgraded finishings and an open-concept layout in a highly convenient central location close to shopping, schools, recreation, and transit. Enjoy an easy walk to the West Coast Express for quick access to downtown Vancouver. Includes 2 parkings + 2 balconies + Huge Locker. Exceptional space, light, and convenience all in one beautiful home.

property details

type: Condo, Single Family
bedrooms: 3
bathrooms: 2
living area: 1,355 sq ft
parking: 2
year built: 2020
property tax: $3,766 / yr
strata fee: $450 / mo ($0.33 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 7
MLS®: R3176667

features

Central location
Elevator
Pets Allowed With Restrictions
All

monthly cost

$3,400/mo

Mortgage $2,636 · Tax $314 · Strata $450

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

estimated payment

$2,636/ monthly

loan $484,000

25-year amortization

down payment20% · $121,00020%+ 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: $306,778
property transfer tax: $10,100; BC general rate
cash to close: $131,100; down + PTT
total paid: $790,778

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: $2,390/mo
after all costs: −$1,236/mo
cap rate: 2.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,636 · tax $314 · strata $450 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Maple Ridge: CMHC's average there ($2,026) raised by what new tenants pay against everyone in the Vancouver area, then down 3.5% 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