6556 121 Street

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

rent

$2,310/mo

after all costs

−$2,441/mo

cap rate

1.8%

yearly net rent ÷ price

Costs: mortgage $3,682 · tax $310 · strata $399 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Surrey: CMHC's average there ($1,956) 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, Surrey School District 36

• Elementary Beaver Creek Elementaryhomes in this catchment

  500 m away · 6505 123a St, Surrey · 604-572-6911

• Secondary Tamanawis Secondaryhomes in this catchment

  1.1 km away · 12600 66 Ave, Surrey · 604-597-5234

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.