5 6450 199 Street

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

rent

$2,620/mo

after all costs

−$1,618/mo

cap rate

2.7%

yearly net rent ÷ price

Costs: mortgage $3,252 · tax $230 · strata $371 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Langley: CMHC's average there ($2,216) raised by what new tenants pay against everyone in the Vancouver area, then down 3.5% 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, Langley School District 35

• Elementary Langley Meadows Elementaryhomes in this catchment

  200 m away · 2244 Willoughby Way, Langley · 604-530-4101

• Middle Peter Ewart Middlehomes in this catchment

  2.7 km away · 7755 202a St, Langley · 778-726-4815

• Secondary R.E. Mountain Secondaryhomes in this catchment

  2.5 km away · 7633 202a St, Langley · 604-888-3033

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.