7285 112 Street

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$1,150,000

7285 112 Street

Delta · MLS® R3179131

421

2,356 sq ft · 6,700 sq ft lot · House · Single Family · built 1969 · listed today

listed by Johanna Osato, Oakwyn Realty Ltd.

realtor's description

Welcome to this spacious family home in a friendly North Delta neighbourhood, just up the street from Sungod Rec Centre! Featuring updated kitchens on both levels & fresh exterior paint, this home offers comfort & versatility. French doors open to a private sundeck & a fully fenced west facing backyard framed by mature trees.The walkout lower level is a legal suite w/a flexible 1 or 2 bedroom + den layout, a great mortgage helper or ideal for extended family. Perfectly situated within walking distance of Heath Elementary, Chalmers Elementary, and Burnsview Secondary. A bus stop conveniently located across the street & Strawberry Hill Shopping Centre just a 5 min drive. Quick access to Highway 91 & the Alex Fraser Bridge for an easy commute. Open Sat Oct 1-3pm & Sun Nov 1 2-4pm

property details

type: House, Single Family
bedrooms: 4
bathrooms: 2
living area: 2,356 sq ft
lot: 6,700 sq ft
parking: 1
year built: 1969
property tax: $4,847 / yr
days on market: 0
MLS®: R3179131

features

Washer
Refrigerator
Dishwasher
Stove
Dryer

the market here

listed now: 62 days; median for 406 houses for sale; this one listed today

Houses in Delta. Sale prices register 1 to 3 months after a sale closes.

monthly cost

$5,414/mo

Mortgage $5,010 · Tax $404

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

estimated payment

$5,010/ monthly

loan $920,000

25-year amortization

down payment20% · $230,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 27, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $583,132
property transfer tax: $21,000; BC general rate
cash to close: $251,000; down + PTT
total paid: $1,503,132

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

suite rent: $2,020/mo
your cost after the suite: $3,731/mo; vs $5,589 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $5,010 · tax $404 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 2-bedroom in Delta: CMHC's average there ($1,787) 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.

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