202 8423 Cedar Street

1 / 12

$399,999

202 8423 Cedar Street

Mission · MLS® R3176726

all units at 8423 Cedar St →

211

545 sq ft · Condo · Single Family · built 2026 · 7 days on market

listed by Sunny Brar, LPT Realty ULC

realtor's description

Welcome to Silver & Cedar. A beautiful brand new complex in Mission. This 2 bed 1 bath unit has a great functional layout. The kitchen is built for everyday use, with stainless steel appliances, a built in microwave and quartz counters. Step out to a good sized covered deck you can use year round. Amenities include a fitness centre, bike storage, a daycare and a playground. Low strata fee. Centrally located steps away from schools and park. Convenitnely located close to shopping, transit and West Coast Express. Book your private viewing today.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 545 sq ft
parking: 1
year built: 2026
strata fee: $208 / mo ($0.38 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 7
MLS®: R3176726

features

Pets Allowed With Restrictions
Washer
Refrigerator
Dishwasher
Stove
Dryer

the market here

listed now: 40 days; median for 52 condos for sale; this one 7 days

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

monthly cost

$1,951/mo

Mortgage $1,743 · Strata $208

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

estimated payment

$1,743/ monthly

loan $319,999

25-year amortization

down payment20% · $80,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 28, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $202,828
property transfer tax: $0; $6,000 less $6,000 newly built exemption
cash to close: $80,000; down + PTT
total paid: $522,827

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: $1,640/mo
after all costs: −$477/mo
cap rate: 3.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,743 · strata $208 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Abbotsford - Mission: CMHC's average there ($1,623) raised by what new tenants pay against everyone in the Abbotsford-Mission area, then down 4.3% with Abbotsford–Mission'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