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$550,000

406 12283 224 STREET

Maple Ridge · MLS® R3151551

2 bed · 2 bath · 1,027 sq ft · 2 parking

Condo · Single Family · built 2008 · 68 days on market

Listed by Matthew Hall, Johnston Meier Insurance Agencies & Realty Ltd.

Realtor's description

Welcome to The MAXX - a top-floor corner unit in prime location, perched on the quiet & most private NW side of the building!. Enjoy stunning panoramic forest and mountain views from every room, a rare gem in condo living. This spacious 2-bed, 2-bath layout features soaring ceilings in the living and dining areas, with equally large windows that flood the space with natural light. The huge kitchen flaunts an island, granite counters, tons of storage in shaker-style cabinets, and stainless appliances. Lovely covered balcony Plus, enjoy 2-car parking, storage locker, in-suite laundry, secure bike room, security & 24/7 monitored fire protection. The well-run building offers a party room and is perfectly located near town center, shopping, recreation, amenities, and all levels of school.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,027 sq ft
Parking: 2
Year built: 2008
Property tax: $3,225 / yr
Strata fee: $451 / mo ($0.44 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 68
MLS®: R3151551

Features

Central location
Private setting
Elevator
Pets Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Typical for the area (-5.5%)

2026 assessment: $589,000 · asking is -6.6%
Price per sq ft: $536 vs $567 median for condos in Maple Ridge for sale (152)

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 68 days

The market here

Listed now: 54 days; median for 152 condos for sale; this one 68 days

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

Monthly cost

$3,116/mo

Mortgage $2,396 · Tax $269 · Strata $451

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

estimated payment

$2,396/ monthly

loan $440,000

25-year amortization

down payment20% · $110,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $278,889
property transfer tax: $9,000; BC general rate
cash to close: $119,000; down + PTT
total paid: $718,889

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: −$1,630/mo
Cap rate: 1.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,396 · tax $269 · strata $451 · 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