309 5398 207 STREET

Surrey · MLS® R3072546

1 bed · 1 bath · 638 sq ft · 1 parking

Condo · Single Family · built 2025 · 306 days on market

Listed by Jack F. Liu, RE/MAX Crest Realty

Vera at Langley Downtown! Brand New Junior two beds + Den (good size to be a 2nd bdrm),ready to move in anytime. Smart and affordable living just 8-min walk from the future 2028 SkyTrain. Enjoy 9' ceilings, wall-mounted AC, open layout, and premium Fulgor appliances in a sleek kitchen with quartz counters and soft-close cabinetry. Includes 1 EV-ready parking and 1 locker on the same floor. Located in the heart of Downtown Langley with easy access to shops, parks, and transit. Excellent incentives available-don't miss this opportunity! Different floor plans available, please call us for private showings. Open house: Wednesday, Friday, Sunday 1-5pm.

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 638 sq ft
Parking: 1
Year built: 2025
Strata fee: $202 / mo ($0.32 / sq ft)
Strata rules: Pets Allowed, Rentals Allowed
Days on market: 306
MLS®: R3072546

Typical for the area (+1.3%)

Price per sq ft: $680 vs $671 median for condos in Surrey for sale (1003)

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.

Pets Allowed
Rentals Allowed
Washer
Refrigerator
Dishwasher
Stove

On market 306 days

Listed now: 63 days; median for 1004 condos for sale; this one 306 days

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

FloodplainYes
This address is within a designated floodplain on the provincial floodplain maps (Serpentine & Nicomekl Rivers). Local rules can set things like minimum floor heights; the municipality can confirm what applies.
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 Maps can be out of date or miss a lot line; confirm with the municipality.

$2,092/mo

Mortgage $1,890 · Strata $202

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

estimated payment

$1,890/ monthly

loan $347,072

25-year amortization

down payment20% · $86,76820%+ 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: $219,988
property transfer tax: $6,677; BC general rate
cash to close: $93,445; down + PTT
total paid: $567,060

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: $1,602/mo
After all costs: −$653/mo
Cap rate: 3.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,890 · strata $202 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-bedroom in Surrey (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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