7296 198A Street

1 / 40

$1,628,000

7296 198A Street

Langley · MLS® R3167529

655

3,596 sq ft · 3,955 sq ft lot · House · Single Family · built 2009 · 33 days on market

listed by Jun Choi, Sutton Premier Realty

realtor's description

Welcome to 7296 198A Street in Willoughby! This beautifully Maintained 6 Bedroom, 5 Bathroom home offers an ideal blend of space, comfort and flexibility for today's family. The 2 Bedroom Legal Suite provides an excellent Mortgage Helper or private space for extended family. Inside, enjoy bright and spacious living areas, a Functional Kitchen, Geothermal Heating & Cooling, and a Layout designed for everyday living and entertaining. Outside, a extended deck adds even more usable space, while the Rare 3 car garage offers exceptional room for vehicles, storage and hobbies. Conveniently located just 7 minutes to Willoughby Town Centre and 8 minutes to Highway 1, with schools, parks, shopping and daily amenities nearby. This home truly offers the full package space. You won't want to miss!

property details

type: House, Single Family
bedrooms: 6
bathrooms: 5
living area: 3,596 sq ft
lot: 3,955 sq ft
parking: 5
year built: 2009
property tax: $6,012 / yr
days on market: 33
MLS®: R3167529

features

Washer
Refrigerator
Dishwasher
Stove
Dryer

monthly cost

$7,594/mo

Mortgage $7,093 · Tax $501

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

estimated payment

$7,093/ monthly

loan $1,302,400

25-year amortization

down payment20% · $325,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $825,512
property transfer tax: $30,560; BC general rate
cash to close: $356,160; down + PTT
total paid: $2,127,912

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: $2,490/mo
your cost after the suite: $5,478/mo; vs $7,769 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $7,093 · tax $501 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 2-bedroom in Langley: CMHC's average there ($2,203) 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

location

LangleyGoogle Maps ↗

schools

Catchment schools, Langley School District 35

Elementary Donna Gabriel Robins Elementaryhomes in this catchment
1.8 km away · 7844 204b St, Langley · 778-726-5555
Middle Peter Ewart Middlehomes in this catchment
1.2 km away · 7755 202a St, Langley · 778-726-4815
Secondary R.E. Mountain Secondaryhomes in this catchment
1.0 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.

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similar homes nearby

7296 198A Street

1 / 40

$1,628,000

7296 198A Street

Langley · MLS® R3167529

655

3,596 sq ft · 3,955 sq ft lot · House · Single Family · built 2009 · 33 days on market

listed by Jun Choi, Sutton Premier Realty

realtor's description

property details

type: House, Single Family
bedrooms: 6
bathrooms: 5
living area: 3,596 sq ft
lot: 3,955 sq ft
parking: 5
year built: 2009
property tax: $6,012 / yr
days on market: 33
MLS®: R3167529

features

Washer
Refrigerator
Dishwasher
Stove
Dryer

the market here

listed now: 53 days; median for 642 houses for sale; this one 33 days

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

property tax by year

year	assessed	est. tax
2026	$1,622,000	$5,867

The listing shows $6,012 a year in property tax.

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

$7,594/mo

Mortgage $7,093 · Tax $501

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

estimated payment

$7,093/ monthly

loan $1,302,400

25-year amortization

total interest: $825,512
property transfer tax: $30,560; BC general rate
cash to close: $356,160; down + PTT
total paid: $2,127,912

first-time buyernewly builtforeign national

if you rented it out

suite rent: $2,490/mo
your cost after the suite: $5,478/mo; vs $7,769 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $7,093 · tax $501 · insurance ~$175 · vacancy 3% · upkeep 5%.

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

location

lot outline: 367 m² (3,950 sq ft) · PID 027-508-412. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

LangleyGoogle Maps ↗

location

LangleyGoogle Maps ↗

schools

Catchment schools, Langley School District 35

Elementary Donna Gabriel Robins Elementaryhomes in this catchment
1.8 km away · 7844 204b St, Langley · 778-726-5555
Middle Peter Ewart Middlehomes in this catchment
1.2 km away · 7755 202a St, Langley · 778-726-4815
Secondary R.E. Mountain Secondaryhomes in this catchment
1.0 km away · 7633 202a St, Langley · 604-888-3033

development nearby

Rezoning
340 m away · 2019 · under review · 7445 198B Street
Rezone property from Suburban Residential Zone SR-2 to Residential Compact Lot Zones R-CL(A) and R-CL(SD) for the development of an eight (8) lot single family residential subdivision. A Subdivision application has also been submitted. Streamside DP submitted February 18, 2021 Single Family DP submitted May 16, 2022

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: Township of Langley development activity.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.