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$750,000

1 10282 132 STREET

Surrey · MLS® R3143221

3 bed · 3 bath · 1,567 sq ft · 2 parking

Townhouse · Single Family · built 2009 · 95 days on market

Listed by Jessica Do, Macdonald Realty (Surrey/152)

Realtor's description

Welcome to the Mathew Park complex, located in North Surrey. This spacious 3-level home offers 3 bedrooms plus a large den and has been completely updated throughout. Renovations include laminate flooring, modern quartz kitchen countertops, new white cabinetry, and new stainless steel appliances. Newer window blinds, light fixtures, and fresh paint, making this home truly move-in ready. The main floor has a bright kitchen with white cabinets & walk-out to the carport, living room that opens to the front entrance with street parking, powder room. The second level features two sized bedrooms & a full bathroom. The top floor provides a private third bedroom and primary bedroom. Located near Simon Fraser University, Surrey Central Mall. Enjoy easy access to SkyTrain, transit, and major routes.

Property details

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 1,567 sq ft
Parking: 2
Year built: 2009
Property tax: $2,999 / yr
Strata fee: $402 / mo ($0.26 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed
Days on market: 95
MLS®: R3143221

Features

Pets Allowed With Restrictions
Rentals Allowed
Washer
Refrigerator
Dishwasher
Stove

Price check

Typical for the area (-5.0%)

2026 assessment: $704,000 · asking is +6.5%
Price per sq ft: $479 vs $504 median for townhouses in Surrey for sale (868)
Last sold: $765,000 · Feb 26, 2023

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 95 days · no price changes so far

The market here

Listed now: 51 days; median for 881 townhouses for sale; this one 95 days

Townhouses in Surrey. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$704,000	$2,413

The listing shows $2,999 a year in property tax.

Estimate: the BC Assessment value times Surrey's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$3,920/mo

Mortgage $3,268 · Tax $250 · Strata $402

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$3,268/ monthly

loan $600,000

25-year amortization

down payment20% · $150,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $380,303
property transfer tax: $13,000; BC general rate
cash to close: $163,000; down + PTT
total paid: $980,303

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Rent: $1,956/mo
After all costs: −$2,296/mo
Cap rate: 1.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,268 · tax $250 · strata $402 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom in Surrey (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

The building's lot: 2,711 m² (29,181 sq ft) · PID 027-978-931. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

SurreyGoogle Maps ↗

Location

SurreyGoogle Maps ↗

Schools

Catchment schools, Surrey School District 36

Elementary Old Yale Road Elementaryhomes in this catchment
300 m away · 10135 132 St, Surrey · 604-588-5468
Secondary Kwantlen Park Secondaryhomes in this catchment
300 m away · 10441 132 St, Surrey · 604-588-6934

From the Surrey School District 36'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.

Development nearby

Rezoning for a 35 storey, 561 unit building
330 m away · 2023 · conditionally approved
Rezoning from Multiple Residential 45 Zone (RM-45) to Comprehensive Development Zone (CD) (based on Multiple Residential Commercial 135 Zone (RM-135); Subdivision from one (1) into two (2) lots; Official Community Plan (OCP) Amendment from Multiple Residential to Downtown and to Figure 16: Downtown Densities to permit a density of 5.5 FAR; Neighbourhood Concept Plan (NCP) Amendment to the City Cen
Rezoning for a 44 storey, 424 unit building
340 m away · 2023 · conditionally approved
Rezoning from Single Family Residential Zone (RF) to Comprehensive Development Zone (CD) (based on Multiple Residential 135 Zone (RM-135) and Community Commercial Zone (C-8); Subdivision (Consolidation) from three (3) to one (1) lot; Official Community Plan (OCP) Amendment to Downtown Densities from 5.5 FAR to 7.5 FAR; Official Community Plan Text Amendment to allow for a density of 9.9 FAR within
Rezoning for a 24 storey, 230 unit building
190 m away · 2025 · conditionally approved
Rezoning from Combined Service Gasoline Station Zone (CG-2) and Urban Residential Zone R3 to City Centre High-Rise Apartment Zone (MR10); Official Community Plan (OCP) Amendment from Multiple Residential to Downtown and to Figure 16: Downtown Densities to 7.5 FAR; Neighbourhood Concept Plan (NCP) Amendment to the City Centre Plan from Low Rise Residential to High Rise Residential; Housing Agreemen
Rezoning for a 6 storey, 72 unit building
310 m away · 2025 · under review
Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Multiple Residential 70 Zone (RM-70); Development Permit to permit a 6 storey building containing 72 residential units.
Rezoning
370 m away · 2023 · concluded
Rezoning from Single Family Residential Zone (RF) to Comprehensive Development Zone (CD); Development Variance Permit to permit the development of an addition to the existing Kwantlen Park Secondary School and to reduce the required number of off-street parking spaces from 288 to 232 (a reduction of 56 spaces).

Applications filed with the city, active or decided in the last 3 years, measured from the listing's map pin. An application isn't an approval; the city's page has the current details. Source: City of Surrey development applications.

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