Open houseCondo
$599,000
17% less per sq ft307 6440 197 STREET
Langley49 days on market
MLS® R3156520
1 / 40
1 bed · 1 bath · 637 sq ft · 1 parking
Condo · Single Family · built 2022 · 213 days on market
Listed by John Yao, Royal Pacific Realty (Kingsway) Ltd.
Realtor's description
Location, the timeless core value of real estate. With the Surrey-to-Langley SkyTrain scheduled for completion in 2029, commuting from Langley to downtown Vancouver will take just 65 minutes-opening the door for young professionals and growing families to enjoy affordable homeownership while maintaining access to city-center careers. Unbeatable convenience is right outside your door: COSTCO is directly across the street, while RCMP detachment are just steps away, offering peace of mind. Inside, this bright and spacious 1-bdrm 1-bathroom ground-floor condo offers 630 sq. ft. of thoughtfully designed living space. Virtually brand new because of rarely lived by owner. A rare garden-level patio provides a private outdoor retreat-an increasingly hard-to-find feature in condo.1 parking.1 locker
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 637 sq ft
- Parking
- 1
- Year built
- 2022
- Property tax
- $1,650 / yr
- Strata fee
- $275 / mo ($0.43 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed
- Days on market
- 213
- MLS®
- R3098081
Features
- Pets Allowed With Restrictions
- Rentals Allowed
- Washer
- Refrigerator
- Dishwasher
- Stove
Monthly cost
$2,439/mo
Mortgage $2,026 · Tax $138 · Strata $275
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $1,765/mo
- After all costs
- −$850/mo
- Cap rate
- 3.0%
- yearly net rent ÷ price
Costs: mortgage $2,026 · tax $138 · strata $275 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-bedroom in Langley (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
LangleyGoogle Maps ↗
Schools
Catchment schools, Langley School District 35
- Elementary R.C. Garnett Elementaryhomes in this catchment
1.3 km away · 7096 201 St, Langley · 604-532-7814
- Middle Peter Ewart Middlehomes in this catchment
2.6 km away · 7755 202a St, Langley · 778-726-4815
- Secondary R.E. Mountain Secondaryhomes in this catchment
2.4 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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