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$659,000

408 511 ROCHESTER AVENUE

Coquitlam · MLS® R3139147

2 bed · 2 bath · 972 sq ft · 1 parking

Condo · Single Family · built 2007 · 108 days on market

Listed by Kai Zhao, Royal Pacific Realty Corp.

Realtor's description

Location, location, location. Centrally located, walking distance to Lougheed mall and skytrain station, restaurants and supermarkets; Close to SFU Burnaby campus and hwy 1. Bright and spacious open functional floor plan, two bedrooms are separated by living room and dining room, easy to rent. South west facing with garden view, has great sakura view in spring time. WELL MAINTAINED. Changed laminate floor in 2016. Investors alert. Send your buyers.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 972 sq ft
Parking: 1
Year built: 2007
Property tax: $2,467 / yr
Strata fee: $473 / mo ($0.49 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 108
MLS®: R3139147

Features

Central location
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Price check

Below typical for the area (-14%)

2026 assessment: $644,000 · asking is +2.3%
Price per sq ft: $678 vs $788 median for condos in Coquitlam for sale (504)

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 108 days · no price changes so far

The market here

Listed now: 43 days; median for 535 condos for sale; this one 108 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$644,000	$2,481

The listing shows $2,467 a year in property tax.

Estimate: the BC Assessment value times 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

$3,550/mo

Mortgage $2,871 · Tax $206 · Strata $473

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

estimated payment

$2,871/ monthly

loan $527,200

25-year amortization

down payment20% · $131,80020%+ 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: $334,160
property transfer tax: $11,180; BC general rate
cash to close: $142,980; down + PTT
total paid: $861,360

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: $2,175/mo
After all costs: −$1,584/mo
Cap rate: 2.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,871 · tax $206 · strata $473 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in 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

Location

The building's lot: 5,333 m² (57,404 sq ft) · PID 027-099-598. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

CoquitlamGoogle Maps ↗

Location

CoquitlamGoogle Maps ↗

Development nearby

Development permit for a 48 storey, 443 unit building
350 m away · 2023 · under review · 321 Alderson Avenue (SOCO 4)
Construct one 48-storey tower with 443 market strata units and a 2-storey daycare.
Rezoning for a 39 storey, 252 unit building
360 m away · 2021 · under review · 566 Lougheed Hwy
Construct two residential towers: one 39-storey tower with 371 market condo units, and one 30-storey tower with 252 market rental units and 26 below-market rental units.
Development permit for a 6 storey, 116 unit building
370 m away · 2024 · approved · 602 Sydney Avenue
Construct a six-story senior rental housing apartment building with underground parking, comprising 116 units.
Rezoning for 25 homes
320 m away · 2023 · conditionally approved · 573, 601, 605 Madore Ave
Construct 25 townhouse units (16 of which have lock-off suites).

Applications filed with the city, active or decided in the last 3 years, measured from the listing's map pin. An application isn't an approval; the city's page has the current details. Source: City of Coquitlam development applications.

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