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$928,000

4302 720 FARROW STREET

Coquitlam · MLS® R3148053

All units at 720 Farrow St →

2 bed · 2 bath · 914 sq ft · 1 parking

Condo · Single Family · built 2025 · 81 days on market

Listed by Garrett Wong, RE/MAX Crest Realty

Realtor's description

Welcome to Smith & Farrow by Boffo-a stunning 2-bedroom, 2-bathroom residence perched on the sub-penthouse level 43rd floor. This thoughtfully designed home features an open-concept layout, premium finishes, and floor-to-ceiling windows that frame breathtaking panoramic views of the city, mountains, and beyond. Step outside to the oversized balcony, perfect for entertaining or relaxing while taking in the spectacular scenery. The gourmet kitchen is equipped with high-end integrated appliances, sleek cabinetry, and quartz countertops. Enjoy resort-inspired amenities and an unbeatable Burquitlam location just steps to SkyTrain, shops, restaurants, parks, and everyday conveniences. A rare opportunity to own a luxurious view home in one of Coquitlam's most sought-after new concrete towers. Open House Sat Oct 3 12:30-2:30pm

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 914 sq ft
Parking: 1
Year built: 2025
Strata fee: $534 / mo ($0.58 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 81
MLS®: R3148053

Features

Central location
Pets Allowed With Restrictions
All

Price check

Above typical for the area (+29%)

2026 assessment: $1,032,000 · asking is -10%
Price per sq ft: $1,015 vs $789 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 81 days · no price changes so far

The market here

Listed now: 43 days; median for 536 condos for sale; this one 81 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,032,000	$3,975

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

$4,577/mo

Mortgage $4,043 · Strata $534

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

estimated payment

$4,043/ monthly

loan $742,400

25-year amortization

down payment20% · $185,60020%+ 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: $470,562
property transfer tax: $16,560; BC general rate
cash to close: $202,160; down + PTT
total paid: $1,212,962

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: −$2,611/mo
Cap rate: 1.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $4,043 · strata $534 · 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: 4,974 m² (53,540 sq ft) · PID 032-560-982. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

CoquitlamGoogle Maps ↗

Location

CoquitlamGoogle Maps ↗

Development nearby

Rezoning for a 26 storey, 326 unit building
50 m away · 2023 · conditionally approved · 727 North Road
Construct a 26-storey strata building and a six-storey rental building with a total of 326 units.
Rezoning for a 35 storey building
200 m away · 2024 · under review · 602 Tyndall Street
Construct one 35-storey market condo (6.0 FAR) and one 6-storey purpose built rental building (1.0 FAR), including 0.2 FAR in Priority and Below-Market Units
Rezoning for a 29 storey, 272 unit building
90 m away · 2026 · under review · 541 Clarke Road
Construct a mixed-use development with 2 residential buildings including a 29-storey market rental residential tower offering a total of 272 dwelling units, and a 3-storey daycare. Proposal includes a commercial space on level 1 of the tower, and a 3-level below-grade parkade.
Subdivision for a 29 storey building
240 m away · 2024 · approved · 618 Tyndall St
Create an airspace parcel for the 618 Tyndall Street lot to separate the residential strata (29-storey tower) and rental (6-storey midrise) spaces.
Rezoning
230 m away · 2020 · under review · 552 Clarke Rd
Construct 6 residential towers with approximately 2,175 strata and market rental units and commercial podium.

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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