A308 6950 Nicholson Road

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

rent

$1,780/mo

after all costs

−$915/mo

cap rate

2.9%

yearly net rent ÷ price

Costs: mortgage $2,024 · tax $168 · strata $325 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Delta: CMHC's average there ($1,550) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% 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.

Catchment schools, Delta School District 37

• Elementary Cougar Canyon Elementaryhomes in this catchment

  600 m away · 11664 Lyon Rd, Delta · 604-591-8676

• Secondary Seaquam Secondaryhomes in this catchment

  700 m away · 11584 Lyon Rd, Delta · 604-591-6166

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.