102 11881 88 Avenue

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

rent

$2,020/mo

after all costs

−$1,275/mo

cap rate

2.4%

yearly net rent ÷ price

Costs: mortgage $2,396 · tax $166 · strata $537 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Delta: CMHC's average there ($1,787) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% 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.

Estimated tax down 3.5% from 2025 to 2026.

The listing shows $1,989 a year in property tax.

Estimate: the BC Assessment value times Delta'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.

2026 assessment

$494,000 · asking is +11%

price per sq ft

$451 vs $568 median for condos in Delta for sale (103)

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.

• Rezoning

  400 m away · 2025 · conditionally approved

  Rezoning from Comprehensive Development Zone (CD) to Comprehensive Development Zone (CD) (Based on C-8); Development Permit to permit the development of a of a multi-use commercial building containing retail office banquet hall and childcare uses.

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 Surrey development applications.

listed now

62 days

median for 103 condos for sale; this one 12 days

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

the building's lot: 5,458 m² (58,749 sq ft) · PID 003-342-506. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.