411 6815 188 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

−$907/mo

cap rate

2.9%

yearly net rent ÷ price

Costs: mortgage $2,069 · tax $199 · strata $555 · 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.

Estimated tax up 3.2% from 2025 to 2026.

The listing shows $2,386 a year in property tax.

Estimate: the BC Assessment value times Surrey'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.

• Rezoning

  240 m away · 2024 · concluded

  Rezoning Amendment to Existing CD Bylaw No. 15679 to accommodate a proposed office use (dental office) in Block A of the existing CD Zone.

Applications filed with the city, active or decided in the last 3 years, measured from the listing's map pin. An application isn't an approval; the city's page has the current details. Source: City of Surrey development applications.

listed now

69 days

median for 1018 condos for sale; this one 69 days

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

the building's lot: 5,994 m² (64,519 sq ft) · PID 027-479-293. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.