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$645,000

203 1315 56 STREET

Delta · MLS® R3104395

2 bed · 2 bath · 966 sq ft · 1 parking

Condo · Single Family · built 2007 · 194 days on market

Listed by Aileen Noguer, RE/MAX Westcoast

A gorgeous renovated unit in the popular OLIVA, with $80k in updates! Olivia is an award winning building, built under LEED principals- rooftop solar panels-keeps maintenance fees low! Open concept Spacious living/dining space, custom tile fireplace, white kitchen-new cupboards, countertops+ stainless appliances, hardwood flooring, new bathrooms+fixtures-shows like NEW! Oversize balcony with n/gas hook up. Exposure is north with some afternoon sun, overlook is to landscaped treed area. Parking stall #107, storage locker #3. Main $416.94/mo. Pets ok( 1 dog (22lbs max) or 2 cats. Total 966 sq.ft-two beds/two full baths. Wonderful opportunity in one of Tsawwassen best buildings, walking distance to everything!

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 966 sq ft
Parking: 1
Year built: 2007
Property tax: $2,436 / yr
Strata fee: $417 / mo ($0.43 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 194
MLS®: R3104395

Above typical for the area (+13%)

Price per sq ft: $668 vs $590 median for condos in Delta for sale (113)

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.

Central location
Elevator
Pets Allowed With Restrictions
All

On market 194 days

Listed now: 54 days; median for 113 condos for sale; this one 194 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

Catchment schools, Delta School District 37

Elementary Cliff Drive Elementaryhomes in this catchment
1.0 km away · 5025 12 Ave, Delta · 604-943-2244
Secondary South Delta Secondaryhomes in this catchment
1.2 km 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.

$3,430/mo

Mortgage $2,810 · Tax $203 · Strata $417

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

estimated payment

$2,810/ monthly

loan $516,000

25-year amortization

down payment20% · $129,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $327,061
property transfer tax: $10,900; BC general rate
cash to close: $139,900; down + PTT
total paid: $843,061

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.

Rent: $1,787/mo
After all costs: −$1,821/mo
Cap rate: 1.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,810 · tax $203 · strata $417 · 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

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