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$1,590,000

8431 118A STREET

Delta · MLS® R3165758

5 bed · 3 bath · 2,874 sq ft · 6,649 sq ft lot · 8 parking

House · Single Family · built 1971 · 24 days on market

Listed by Pietro Nardone, Sutton Group-West Coast Realty

Realtor's description

FULLY RENOVATED Home in PRIME North Delta! Featuring a Chef-Inspired KITCHEN, 5 BEDROOMS Including a 2-Bedroom SUITE, 2.5 Bathrooms, a Great LAYOUT, Double Attached GARAGE, Detached ENTERTAINMENT Room, and a Large Corner LOT. Enjoy the Spacious Covered SUNDECK and so Much MORE. Centrally Located Close to Shopping, Transportation, Recreation Centres, Restaurants, and Schools. DON'T Miss Out on this GEM - Properties like this are a RARE FIND! A Fantastic Opportunity for Families or Investors Alike.

Property details

Type: House, Single Family
Bedrooms: 5
Bathrooms: 3
Living area: 2,874 sq ft
Lot: 6,649 sq ft
Parking: 8
Year built: 1971
Property tax: $4,876 / yr
Days on market: 24
MLS®: R3165758

Price check

Typical for the area (-5.4%)

2026 assessment: $1,268,200 · asking is +25%
Price per sq ft: $553 vs $585 median for houses in Delta for sale (411)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 24 days · no price changes so far

The market here

Listed now: 58 days; median for 419 houses for sale; this one 24 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,268,200	$5,139

The listing shows $4,876 a year in property tax.

Estimate: the BC Assessment value times Delta'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

$7,334/mo

Mortgage $6,927 · Tax $406

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

estimated payment

$6,927/ monthly

loan $1,272,000

25-year amortization

down payment20% · $318,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $806,243
property transfer tax: $29,800; BC general rate
cash to close: $347,800; down + PTT
total paid: $2,078,243

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Suite rent: $1,550/mo
Your cost after the suite: $6,083/mo; vs $7,509 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $6,927 · tax $406 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) in Delta (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; 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

Lot outline: 653 m² (7,029 sq ft) · PID 008-645-167. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

DeltaGoogle Maps ↗

Location

DeltaGoogle Maps ↗

Schools

Catchment schools, Delta School District 37

Elementary Hellings Elementaryhomes in this catchment
600 m away · 11655 86 Ave, Delta · 604-596-1701
Secondary North Delta Secondaryhomes in this catchment
900 m away · 11447 82 Ave, Delta · 604-596-7471

From the Delta School District 37'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.

Development nearby

Rezoning
350 m away · 2024 · conditionally approved
Rezoning from Acreage Residential Zone (RA) to Comprehensive Development Zone (CD) (based on (Neighbourhood Commercial Zone); Development Variance Permit (a) in Section D Table D.1 of Part 5 Off-Street Parking and Loading/Unloading reduce the minimum number of required parking spaces from 12 to 9; and b) in Section D.2 of Part 5 Off-Street Parking and Loading/Unloading the maximum percentage of sh

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: City of Surrey development applications.

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