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$389,900

503 22315 122 AVENUE

Maple Ridge · MLS® R3159022

1 bed · 1 bath · 587 sq ft · 1 parking

Condo · Single Family · built 2019 · 42 days on market

Listed by Kelly Fry, Keller Williams Bold Realty

Welcome to the Emerson in central Maple Ridge. This efficient 587 square ft 1-bedroom and 1-bathroom home is a smart, secure entry into homeownership. The open layout features a practical kitchen with a center island, stainless steel appliances, and sleek finishes, perfect for effortless daily routines. Complete with 1 parking stall, and a good size balcony, this modern building provides low-maintenance peace of mind. Steps from local transit, parks, and daily amenities, it serves as a quiet, hassle-free sanctuary at the end of the day. Book your private viewing today. *Open House Sat Oct 3rd 10:30am - 12:30PM* Vacant

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 587 sq ft
Parking: 1
Year built: 2019
Property tax: $2,618 / yr
Strata fee: $245 / mo ($0.42 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 42
MLS®: R3159022

Above typical for the area (+18%)

Price per sq ft: $664 vs $565 median for condos in Maple Ridge for sale (152)

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
Pets Allowed With Restrictions
All

On market 42 days

Listed now: 53 days; median for 152 condos for sale; this one 42 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 Maps can be out of date or miss a lot line; confirm with the municipality.

$2,161/mo

Mortgage $1,699 · Tax $218 · Strata $245

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

estimated payment

$1,699/ monthly

loan $311,920

25-year amortization

down payment20% · $77,98020%+ 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: $197,707
property transfer tax: $5,798; BC general rate
cash to close: $83,778; down + PTT
total paid: $509,627

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: −$885/mo
Cap rate: 2.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,699 · tax $218 · strata $245 · 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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