408 6470 194 Street

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

rent

$2,120/mo

after all costs

−$2,637/mo

cap rate

1.3%

yearly net rent ÷ price

Costs: mortgage $3,486 · tax $292 · strata $775 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Surrey: CMHC's average there ($1,872) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% with Vancouver'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.

Catchment schools, Surrey School District 36

• Elementary Latimer Road Elementaryhomes in this catchment

  1.1 km away · 19233 60 Ave, Surrey · 604-576-9184

• Secondary Clayton Heights Secondaryhomes in this catchment

  1.7 km away · 7003 188 St, Surrey · 604-576-4138

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.