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$1,250,000

48 2979 PANORAMA DRIVE

Coquitlam · MLS® R3166631

4 bed · 3 bath · 2,784 sq ft · 1,794 sq ft lot · 2 parking

Townhouse · Single Family · built 1993 · 22 days on market

Listed by Iman Moghadam, RE/MAX Masters Realty

Realtor's description

Beautifully positioned 2-level semi-detached home, open on three sides and offering a highly desirable layout with the primary bedrm conveniently located on the main floor. This functional floor plan ideal for everyday living and entertaining. The main level offers generous living and dining areas, and two gas fireplaces. Large windows throughout the home overlook a peaceful, private treed setting, creating a wonderful sense of privacy and greenery. Direct access to the sunny south-facing deck from both the kitchen and primary bedroom. The lower level provides 3 additional bedrooms, a spacious recreation area, laundry, and excellent storage. Ideally located directly beside the amenities building, offering exceptionally convenient access to gym, pool, and party room. Gated Community.

Property details

Type: Townhouse, Single Family
Bedrooms: 4
Bathrooms: 3
Living area: 2,784 sq ft
Lot: 1,794 sq ft
Parking: 2
Year built: 1993
Property tax: $5,100 / yr
Strata fee: $700 / mo ($0.25 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 22
MLS®: R3166631

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

Features

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

Price check

Below typical for the area (-27%)

2026 assessment: $1,352,000 · asking is -7.5%
Price per sq ft: $449 vs $618 median for townhouses in Coquitlam for sale (156)

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 22 days · no price changes so far

The market here

Listed now: 34 days; median for 161 townhouses for sale; this one 22 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,352,000	$5,208
2025	$1,451,000	$5,100

Estimated tax up 2.1% from 2025 to 2026.

The listing shows $5,100 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

$6,571/mo

Mortgage $5,446 · Tax $425 · Strata $700

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

estimated payment

$5,446/ monthly

loan $1,000,000

25-year amortization

down payment20% · $250,00020%+ 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: $633,839
property transfer tax: $23,000; BC general rate
cash to close: $273,000; down + PTT
total paid: $1,633,839

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: $2,627/mo
After all costs: −$4,329/mo
Cap rate: 1.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $5,446 · tax $425 · strata $700 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ 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