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New buildInvestment signal

$1,299,900

7661 197 STREET

Beds

5

Baths

5

Sqft

Year

2026

About this home

NO STRATA!! Brand new luxurious 3 level 1/2 Duplex home in Willoughby area of Langley! This custom home features open living concept, Lane access, Spacious 3 bedrooms upstairs with separate laundry room for easy access. Full Bathroom on main floor, Energy efficient gas heating. The open concept kitchen is the family chefs dream with high end appliances. PLUS downstairs features separate entry, a large rec room with 2Bed and 2bath. Located in the highly desired neighborhood of Latimer in Langley. Walking distance to great schools, Langley events center, shopping, and much more! Home comes with 2-5-10 year warranty. Call today to schedule a viewing before it's gone ! (id:65958)

Subtype
Single Family
Architectural style
Other, 3 Level
Lot size
2,413 square feet
MLS#
R3112345
Area
LANGLEY
Negative cash flow ~$2,505/mo at these assumptions

Cash on cash

-11.56%

Cap rate

3.58%

GRM

16.7

Break-even rent

$9,137

Financing

Down payment$259,980
Loan amount$1,039,920
Mortgage$6,380/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$596
Insurance$80
Maintenance$1,083
CapEx reserve$542
Vacancy loss$325

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $6,380/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.

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