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$474,900

501 22348 NORTH AVENUE

Maple Ridge · MLS® R3149444

1 bed · 1 bath · 574 sq ft · 1 parking

Condo · Single Family · built 2026 · 76 days on market

Listed by Lorraine Manyk, RE/MAX LIFESTYLES REALTY

PENTHOUSE PERFECTION! Brand new and move-in ready, this premium top-floor home features soaring 10' ceilings, air conditioning and an abundance of natural light. The thoughtfully designed open-concept layout offers upgraded white shaker cabinetry, quartz countertops, stainless steel appliances and a private balcony. A standout opportunity, this home includes a secured underground parking stall plus a $12,500 private concrete storage-locker upgrade-valuable features not included with every home in the building. Built by Falcon Homes and protected by the new home warranty, this stylish residence is an exceptional choice for first-time buyers, professionals, downsizers or investors. Top floor, parking, storage and A/C-this one truly stands apart!

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 574 sq ft
Parking: 1
Year built: 2026
Strata fee: $204 / mo ($0.35 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 76
MLS®: R3149444

2026 assessment: $9,960,000 · asking is -95%
Price per sq ft: $827 vs $565 median for condos in Maple Ridge for sale (151)

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.

Central location
Elevator
Pets Allowed With Restrictions
All

On market 76 days

Listed now: 56 days; median for 151 condos for sale; this one 76 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

$2,273/mo

Mortgage $2,069 · Strata $204

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

estimated payment

$2,069/ monthly

loan $379,920

25-year amortization

down payment20% · $94,98020%+ 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: $240,808
property transfer tax: $7,498; BC general rate
cash to close: $102,478; down + PTT
total paid: $620,728

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.

Rent: $1,426/mo
After all costs: −$996/mo
Cap rate: 2.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,069 · strata $204 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-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

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