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$599,999

203 1273 MERKLIN STREET

White Rock · MLS® R3112230

2 bed · 2 bath · 1,059 sq ft · 1 parking

Condo · Single Family · built 1989 · 176 days on market

Listed by Denise Lo, eXp Realty

Realtor's description

Welcome to Clifton Lane in the heart of White Rock! This well maintained 2 bedroom, 2 bathroom condo offers over 1,050 sq ft of comfortable living in a quiet yet central location. Enjoy a thoughtfully designed layout with spacious living and dining areas, perfect for both everyday living and entertaining. The home features in suite laundry, ample storage, and a balcony to relax and unwind. The building has been fully rain screened in 2018, with major exterior upgrades including windows, doors, flashings, patios, Hardie board siding, and balconies providing long term peace of mind. Situated just steps to shopping, restaurants, transit, and all that White Rock has to offer, this is a fantastic opportunity for first time buyers, downsizers, or investors.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,059 sq ft
Parking: 1
Year built: 1989
Property tax: $2,609 / yr
Strata fee: $402 / mo ($0.38 / sq ft)
Strata rules: Pets not Allowed, Rentals Allowed With Restrictions
Days on market: 176
MLS®: R3112230

Buying in a building from 1982 to 2000: what to read first

Features

Pets not Allowed
Rentals Allowed With Restrictions

Price check

Below typical for the area (-11%)

2026 assessment: $538,000 · asking is +12%
Price per sq ft: $567 vs $639 median for condos in White Rock for sale (164)

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.

Property insights

On market 176 days · no price changes so far

The market here

Listed now: 41 days; median for 166 condos for sale; this one 176 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$538,000	$2,324
2025	$546,000	$2,093

Estimated tax up 11.0% from 2025 to 2026.

The listing shows $2,609 a year in property tax.

Estimate: the BC Assessment value times White Rock'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.

Monthly cost

$3,234/mo

Mortgage $2,614 · Tax $217 · Strata $402

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

estimated payment

$2,614/ monthly

loan $479,999

25-year amortization

down payment20% · $120,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $304,242
property transfer tax: $10,000; BC general rate
cash to close: $130,000; down + PTT
total paid: $784,241

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.

If you rented it out

Rent: $1,813/mo
After all costs: −$1,601/mo
Cap rate: 2.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,614 · tax $217 · strata $402 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in White Rock (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

The building's lot: 3,084 m² (33,196 sq ft) · PID 011-996-421. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

White RockGoogle Maps ↗

Location

White RockGoogle Maps ↗

Schools

Catchment schools, Surrey School District 36

Elementary White Rock Elementaryhomes in this catchment
200 m away · 1273 Fir St, White Rock · 604-531-5731
Secondary Semiahmoo Secondaryhomes in this catchment
1.6 km away · 1785 148 St, Surrey · 604-536-2131

From the Surrey School District 36'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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