Condo
$689,900
506 8157 207 STREET
Langleylisted today
MLS® R3172855
1 / 20
2 bed · 2 bath · 912 sq ft · 1 parking
Condo · Single Family · built 2022 · 108 days on market
Listed by Liqi Xie, RA Realty Alliance Inc.
Realtor's description
An Ideal Residential and Investment Opportunity. This three-year-old, two-bedroom condominium presents an excellent living space for family as well as a lucrative investment opportunity. Perfectly located, you will be surrounded by shopping centers and within a short stroll to popular retailers such as Costco and Walmart etc. The unit face south offers a bright and serene environment, featuring an assigned parking space and a storage locker. Seize this remarkable chance to secure your future in a prime area! Book for your private showing today!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 912 sq ft
- Parking
- 1
- Year built
- 2022
- Property tax
- $2,137 / yr
- Strata fee
- $396 / mo ($0.43 / sq ft)
- Days on market
- 108
- MLS®
- R3139146
Monthly cost
$3,097/mo
Mortgage $2,523 · Tax $178 · Strata $396
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
- $2,203/mo
- After all costs
- −$1,105/mo
- Cap rate
- 2.9%
- yearly net rent ÷ price
Costs: mortgage $2,523 · tax $178 · strata $396 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-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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