101 6557 121 STREET
Surrey · MLS® R3163357
2 bed · 2 bath · 1,055 sq ft · 2 parking
Condo · Single Family · built 1997 · 28 days on market
Listed by Erica Tucker, RE/MAX Performance Realty
Realtor's description
Lakewood Terrace - Bright & spacious 2 bedroom, 2 bathroom garden-level home offering 1,055 sq.ft of comfortable living space in a great location within the complex. Southern exposure fills the open-concept living area with natural light, while the gas fireplace adds warmth & ambiance. Step outside to your south-facing patio-perfect for enjoying the sunshine. Generous kitchen with eating area, separate dining space, and two large bedrooms thoughtfully positioned on opposite sides of the home. In-suite laundry/storage, plus a storage locker directly across the hall & 2 secured side-by-side parking stalls. Well-run strata with fees including radiant in-floor heating, water & gas fireplace. Minutes to Scottsdale Mall, groceries, restaurants, transit, schools & Watershed trails.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,055 sq ft
- Parking
- 2
- Year built
- 1997
- Property tax
- $2,424 / yr
- Strata fee
- $525 / mo ($0.50 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 28
- MLS®
- R3163357
Features
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- Washer
- Refrigerator
- Dishwasher
- Stove
Monthly cost
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
- $1,872/mo
- After all costs
- −$1,371/mo
- Cap rate
- 2.2%
- yearly net rent ÷ price
Costs: mortgage $2,331 · tax $202 · strata $525 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-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
Schools
Catchment schools, Surrey School District 36
- Elementary Beaver Creek Elementaryhomes in this catchment
500 m away · 6505 123a St, Surrey · 604-572-6911
- Secondary Tamanawis Secondaryhomes in this catchment
1.1 km away · 12600 66 Ave, Surrey · 604-597-5234
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.
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