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$508,800

418 1242 TOWN CENTRE BOULEVARD

Coquitlam · MLS® R3166715

1 bed · 1 bath · 841 sq ft · 1 parking

Condo · Single Family · built 1996 · 20 days on market

Listed by Melinda Bogdanich, Macdonald Realty

Realtor's description

Welcome to this UPDATE TOP FLOOR 841 square foot 1 BEDROOM + DEN with a 9'2" x 7'6" balcony facing West overlooking and backs onto the tranquil and private Greenbelt, perfect for summer gatherings! Espresso kitchen cabinets with quartz counter tops, Stainless steel appliances with built in microwave and Tile floors. Carry on from the entry to the Livingroom/Diningroom with Laminate floors throughout with cozy gas fireplace and sliders to your private deck, the Den is perfect for home office and/or extra guests. Spacious Master Bedroom with Walk-in Closet plus In-suite laundry is a bonus! Underground parking with Bike Rack, Storage room on same unit floor. Convenient location only minutes to Bus, Skytrain, Schools, Douglas Collage and Coquitlam Centre! A pleasure to show!

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 841 sq ft
Parking: 1
Year built: 1996
Property tax: $1,989 / yr
Strata fee: $443 / mo ($0.53 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 20
MLS®: R3166715

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

Features

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

Price check

Below typical for the area (-23%)

2026 assessment: $552,000 · asking is -7.8%
Price per sq ft: $605 vs $786 median for condos in Coquitlam for sale (513)

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 20 days

The market here

Listed now: 44 days; median for 513 condos for sale; this one 20 days

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

Monthly cost

$2,826/mo

Mortgage $2,217 · Tax $166 · Strata $443

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

estimated payment

$2,217/ monthly

loan $407,040

25-year amortization

down payment20% · $101,76020%+ 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: $257,998
property transfer tax: $8,176; BC general rate
cash to close: $109,936; down + PTT
total paid: $665,038

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: $1,708/mo
After all costs: −$1,289/mo
Cap rate: 2.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,217 · tax $166 · strata $443 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-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