Condo
$689,900
506 8157 207 STREET
Langleylisted today
MLS® R3172855
1 / 40
2 bed · 2 bath · 1,522 sq ft · 2 parking
Townhouse · Single Family · built 1993 · listed today
Listed by Courtney Sitoski, Sutton Group-West Coast Realty (Surrey/24)
Realtor's description
Welcome to the serene Twin Lakes, a gated 55+ community offering peaceful surroundings and an exceptional lifestyle. This spacious 2-bedroom, 2-bathroom home features 1,522 sq. ft. of living space, a double garage and a lovely lake view. Priced an incredible $200,000 below assessed value, this is a fantastic opportunity to update and make the home your own. Enjoy the convenience of a primary bedroom on the main and comfortable single-level living, all while being just minutes from shopping, restaurants and entertainment. Residents enjoy an excellent amenity centre complete with a pool, gym and community room. Vacant and full of potential - an exceptional opportunity in Twin Lakes! Reno ready to make this home your own!
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,522 sq ft
- Parking
- 2
- Year built
- 1993
- Property tax
- $3,324 / yr
- Strata fee
- $455 / mo ($0.30 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Age Restrictions
- Days on market
- 0
- MLS®
- R3173182
Features
- Pets Allowed With Restrictions
- Age Restrictions
- Washer
- Refrigerator
- Dishwasher
- Stove
Floor plans
Found among the listing photos.
Monthly cost
$4,213/mo
Mortgage $3,481 · Tax $277 · Strata $455
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
- $2,203/mo
- After all costs
- −$2,361/mo
- Cap rate
- 1.7%
- yearly net rent ÷ price
Costs: mortgage $3,481 · tax $277 · strata $455 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Langley (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
LangleyGoogle Maps ↗
Schools
Catchment schools, Langley School District 35
- Elementary Gordon Greenwood Elementaryhomes in this catchment
700 m away · 9175 206 St, Langley · 604-882-0114
- Secondary Walnut Grove Secondaryhomes in this catchment
600 m away · 8919 Walnut Grove Dr, Langley · 604-882-0220
From the Langley School District 35'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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