609 5398 207 Street

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$398,000

609 5398 207 Street

Langley · MLS® R3174868

all units at 5398 207 St →

111

574 sq ft · Condo · Single Family · built 2025 · 15 days on market

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

realtor's description

Vera at Langley Downtown! Brand new 1 Bed + 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 for private showings.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 574 sq ft
parking: 1
year built: 2025
strata fee: $200 / mo ($0.35 / sq ft)
strata rules: Pets Allowed, Rentals Allowed
days on market: 15
MLS®: R3174868

features

Pets Allowed
Rentals Allowed
Washer
Refrigerator
Dishwasher
Stove

floor plans

found among the listing photos.

the market here

listed now: 49 days; median for 376 condos for sale; this one 15 days

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

property tax by year

year	assessed	est. tax
2026	$413,000	$1,494

Estimate: the BC Assessment value times Langley'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.

monthly cost

$1,952/mo

Mortgage $1,752 · Strata $200

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

estimated payment

$1,752/ monthly

loan $318,400

25-year amortization

down payment20% · $79,60020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 28, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $207,096
property transfer tax: $0; $5,960 less $5,960 newly built exemption
cash to close: $79,600; down + PTT
total paid: $525,496

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent: $2,030/mo
after all costs: −$119/mo
cap rate: 4.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,752 · strata $200 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Langley: CMHC's average there ($1,765) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% 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.

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