2 bed · 2 bath · 1,345 sq ft · 1 parking
Condo · Single Family · built 1987 · 212 days on market
Listed by Robin Reimer, Sutton Group Seafair Realty
Realtor's description
Welcome to The Lexington, 2 bedrooms, 2 full bathrooms, good floor plan. Engineered hardwood floors, updated bathrooms and kitchen with private west facing patio. Storage not a problem with large laundry room and convenient storage locker. complex offers amenities room with beautiful patio area, bike room and workshop. QUIET location, well run strata, walk to everything! Age restrict 55
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,345 sq ft
- Parking
- 1
- Year built
- 1987
- Property tax
- $2,607 / yr
- Strata fee
- $563 / mo ($0.42 / sq ft)
- Strata rules
- Adult Oriented, Pets Allowed With Restrictions
- Days on market
- 212
- MLS®
- R3098719
Features
- Adult Oriented
- Pets Allowed With Restrictions
Monthly cost
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $1,787/mo
- After all costs
- −$1,912/mo
- Cap rate
- 1.6%
- yearly net rent ÷ price
Costs: mortgage $2,740 · tax $217 · strata $563 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Delta (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
Location
Schools
Catchment schools, Delta School District 37
- Elementary South Park Elementaryhomes in this catchment
800 m away · 735 Gilchrist Dr, Delta · 604-943-1105
- Secondary South Delta Secondaryhomes in this catchment
800 m away · 750 53 St, Delta · 604-943-7407
From the Delta School District 37's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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