601 1051 James Avenue

1 / 20

$369,900

601 1051 James Avenue

Coquitlam · MLS® R3157580

all units at 1051 James Ave →

442 sq ft · Condo · Single Family · built 2027 · 68 days on market

listed by Joe Taylor, Sutton Centre Realty

realtor's description

Welcome to Ravir, the best value in the Tri-Cities, nestled in historic Maillardville. Inspired by French heritage, our condos and townhomes combine modern style with everyday comfort. Enjoy bright layouts with spacious bedrooms featuring most plans with walk-in closets, large windows, quartz countertops, laminate flooring, and LG stainless steel appliances. Amenities include a gym, social lounge with co-workspace, and outdoor patio. Located across from Mackin Park, Ravir provides easy access to shopping, dining, and recreation. With nearby transit, commuting to downtown Vancouver or the Fraser Valley is effortless. Discover the perfect blend of convenience and elegance at Ravir. **Presentation Centre Open Saturday & Sunday 12-5pm.**

property details

type: Condo, Single Family
bathrooms: 1
living area: 442 sq ft
parking: 0
year built: 2027
strata fee: $207 / mo ($0.47 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 68
MLS®: R3157580

features

Central location
Elevator
Pets Allowed With Restrictions
All

floor plans

found among the listing photos.

monthly cost

$1,819/mo

Mortgage $1,612 · Strata $207

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

estimated payment

$1,612/ monthly

loan $295,920

25-year amortization

down payment20% · $73,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 27, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $187,566
property transfer tax: $0; $5,398 less $5,398 newly built exemption
cash to close: $73,980; down + PTT
total paid: $483,486

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent: $1,830/mo
after all costs: −$170/mo
cap rate: 4.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,612 · strata $207 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a studio in Coquitlam: CMHC's average there ($1,640) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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