541 7588 198b St, Langley BC V2Y 3X9 – Condo for Sale – MLS® R3151428

541 7588 198b Street, Langley, British Columbia V2Y 3X9

97 days on the market
$384,900
Est. Mortgage $1,703/mo
Listing updated:
EstateBlock checked:
Matteo
1 Beds
1 Baths
496 sqft
776 $ /sqft
223.2 $ Maint. fee
2028 built
97 days on the market
$384,900
Est. $1,703/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 541 7588 198b Street

MATTEO by ML Emporio! Willoughby’s fastest selling condos now under construction! A collection of 212 studio to 2bed/den homes, centrally located at 198B Street & 76 Avenue, where the three unique communities of Willoughby, Willowbrook and Carvolth converge. Enjoy easy access to Willoughby Community Park, Langley Events Centre and nearby Latimer Village, all offering extensive dining, sports, and social conveniences. Families benefit from onsite Montessori pre-school/daycare, and just walking distance to top Elementary and High-Schools. Kwantlen and Trinity Western Universities just minutes drive away. Unprecedented buyer credits now at MATTEO! Visit our interactive presentation centre on Saturday at 10522 King George Boulevard, Surrey from 12pm-5pm.

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Interior Features Elevator
Heating Type Baseboard, Electric
Cooling Air Conditioning
Laundry In Unit
# of Kitchens 0
Flooring Laminate, Tile
Foundation Concrete Perimeter

Exterior Features

Exterior Features Garden, Playground, Balcony
View Description Courtyard
Roof Other
Structures Multi Family, Residential Attached

Building Details

Price $384,900
Total Bedrooms 1
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 496
Year Built 2028
Age Of Building 0
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Bike Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Sewer, Snow Removal
Building Name Matteo
Ownership Type Freehold Strata
Maintenance Fee $223.2
Community Features Shopping Nearby
Amenities Nearby Bike Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Sewer, Snow Removal
Utility Type Community, Electricity Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Garage Under Building, Underground, Guest, Side Access, Driveway
Total Parking Spaces 1
Strata Restrictions Pets Allowed,Rentals Allowed
Pet Restrictions Cats OK, Dogs OK, Yes
Rental Restrictions 100%
Rental Suites None
Units In Development 212

Lot & Land

MLS® # R3151428
Area Langley
Neighbourhood Willoughby Heights
City Langley
Postal Code V2Y 3X9
Gross Taxes 0
Zoning CD-191

Property Timeline

Status Date Price
R3151428 / Active 07-29-2026 $384,900
Rooms
Floor Type Dimensions
Main Level Dining Room 7'6 x 7'6 ft
Main Level Living Room 10'6 x 10'6 ft
Main Level Bedroom 11'9 x 11'9 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4

Listed by: Prima Marketing

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Map & Neighbourhood

Public Schools

Elementary
Willoughby Elementary School
Above Average 1.95 km 7.1/10
Middle
Yorkson Creek Middle School
Average 2.28 km 6.4/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Fraser Valley School
Average 2.24 km 5.9/10
Elementary,Secondary
Crescent Heights Academy
Above Average 2.42 km 9.5/10

Closest Transit

Bus Stop
Southbound 200 St @ 7500 Block
0.24 km
Skytrain
Skytrain @ Clayton Station ( Under Construction till 2029)
2.78 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Below Average
Property Crime Rate
Above Average

Demographics

Post-Secondary Education
Below Average 23.1%
No Certificate/Degree
Above Average 15.7%
Owner Occupied
Above Average 82.3%
Employment Rate
Above Average 72.5%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Sell Speed & Competition

48 / 100
Overall sell-speed score
Moderate pace expected
C
Price competition grade
Avg comparable: $343,716
Balanced
Market conditions
Balanced market — steady conditions
Flood Risk
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 2.78 km from station
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How WILLOUGHBY HEIGHTS compares
This property
97 DOM
Listed
Willoughby Heights avg
—
—
Langley avg
—
—

541 7588 198b Street has a sell-speed score of 48/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 10.7% above comparable active properties in Willoughby Heights. The local market is currently a Balanced Market with a sales-to-active ratio of 15.5% — conditions are balanced. With only 420 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V2Y 3X9

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V2Y 3X9, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality A / Excellent

Annual avg PM2.5 4.6 µg/m³ — meets WHO 2021 guideline. Nearest station: Surrey East, Surrey (~1.9 km). Annual avg AQHI 1.8 — Low Risk.

Heat Moderate

Langley - District currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~9 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30.1 °C baseline, ~32.7 °C projected. Tropical nights (>18 °C): ~0 baseline, ~1 projected.

Precipitation Increasing

Annual precipitation ~1517 mm (1981–2010 baseline), projected ~1577 mm by the 2050s. Extreme 1-day rainfall: ~52.1 mm baseline, ~57.8 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~23 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Restaurants (4 nearby)

  • Sushi mura · 233 m · Restaurant
  • Pizza corner · 248 m · Restaurant
  • (蜀莊)grand chinese restaurant langley · 719 m · Restaurant

Gyms (3 nearby)

  • Willoughby community centre · 664 m · Gym
  • Bocce court at willoughby community park · 683 m · Gym
  • Langley gymnastics · 807 m · Gym

Cafes (2 nearby)

  • Tim hortons · 797 m · Cafe
  • Starbucks · 937 m · Cafe

Groceries (1 nearby)

  • Circle k · 849 m · Convenience

Transit (1 nearby)

  • Bus stop westbound 72 ave @ 196 st · 962 m · Transit

Schools NearBy

15 Schools are within 3km

School Type Grades Served Catchment Info Rating Distance

R E Mountain Secondary

Public

Grades Served

—

Catchment Info

—
6.9 / 10

Distance

662 m

Peter Ewart Middle School

Public

Grades Served

—

Catchment Info

—
5.6 / 10

Distance

790 m

R C Garnett Demonstration Elementary School

Public

Grades Served

K-5

Catchment Info

—
6.1 / 10

Distance

1.11 KM

Josette Dandurand Elementary

Public

Grades Served

—

Catchment Info

—
6.1 / 10

Distance

1.44 KM

Katzie Elementary School

Public

Grades Served

K-7

Catchment Info

—
5.8 / 10

Distance

1.94 KM

Willoughby Elementary School

Public

Grades Served

K-5

Catchment Info

In Catchment
7.1 / 10

Distance

1.95 KM

Langley Meadows Elementary

Public

Grades Served

—

Catchment Info

—
6.2 / 10

Distance

2.14 KM

Richard Bulpitt Elementary School

Public

Grades Served

K-5

Catchment Info

—
6.6 / 10

Distance

2.19 KM

Fraser Valley School

Independent

Grades Served

—

Catchment Info

—
5.9 / 10

Distance

2.24 KM

Yorkson Creek Middle School

Public

Grades Served

6-8

Catchment Info

In Catchment
6.4 / 10

Distance

2.28 KM

Crescent Heights Academy

Independent

Grades Served

—

Catchment Info

—
9.1 / 10

Distance

2.42 KM

Clayton Heights Secondary

Public

Grades Served

—

Catchment Info

—
5.8 / 10

Distance

2.62 KM

Lynn Fripps Elementary School

Public

Grades Served

K-5

Catchment Info

—
6.1 / 10

Distance

2.68 KM

Port Kells Elementary School

Public

Grades Served

K-7

Catchment Info

—
N/A

Distance

2.93 KM

Clayton Elementary School

Public

Grades Served

K-7

Catchment Info

—
5.4 / 10

Distance

2.99 KM

Walkability & Transit Near 541 7588 198b Street

Walk Score Badge
Car-Dependent 44

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 35

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
52

Bike Score - Bikeable

Some bike infrastructure

Mortgage Calculator for 541 7588 198b Street

30-year fixed
/month
Principal & Interest
Property Taxes $0
Maintenance fee 223.2
A 20% down payment of $76,980 on this $384,900 listing yields an estimated mortgage of $1,470/month (30-year fixed, 4%). Total estimated housing cost: $1,693/month, $223 maintenance fee.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
With $1,506/month in estimated rental income against $1,737/month in mortgage payments, the monthly cashflow is -$231/month. A 33% down payment would reach break-even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 541 7588 198b Street, Langley

Buy Vs Rent Calculator

— / month
Rent —
Own —
Principal: — Interest, tax, insurance, fees: —

Rent vs own

—

Principal paid off by year 5 —
Principal paid off by year 10 —

Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Price vs Neighbourhood Average — Willoughby Heights, Langley

Beds Home Types Square Feet Lot Size Year Built
This Home $384,900
Langley Loading...
Willoughby Heights Loading...

Based on 10 comparable active apartments/condos in Willoughby Heights, the average asking price is $347,711. This listing is priced 10.7% above the neighbourhood average.

Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy

Call or Text Now!

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 13+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 541 7588 198b Street

Walk Score Badge
Car-Dependent 44

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 35

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
52

Bike Score - Bikeable

Some bike infrastructure

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