10605 138A STREET

Surrey · MLS® R3138084

5 bed · 3 bath · 2,680 sq ft · 8,243 sq ft lot · 4 parking

House · Single Family · built 1971 · 112 days on market

Listed by Stefan Wang, Dracco Pacific Realty

Realtor's description

Exceptional opportunity to acquire an 8,243 sq. ft. lot in a rapidly developing Surrey neighbourhood. This well-located property offers significant land assembly potential and is situated within an area undergoing substantial redevelopment. Ideal for investors, builders, and developers seeking future growth opportunities. Conveniently located near transit, schools, shopping, parks, and major transportation routes. Buyers and buyers' agents to verify development potential with the City of Surrey. Excellent holding property with strong long-term upside.

Property details

Type: House, Single Family
Bedrooms: 5
Bathrooms: 3
Living area: 2,680 sq ft
Lot: 8,243 sq ft
Parking: 4
Year built: 1971
Property tax: $7,743 / yr
Days on market: 112
MLS®: R3138084

Price check

2026 assessment: $1,761,000 · asking is +14%
Price per sq ft: $746 vs $532 median for houses in Surrey for sale (1848)

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 112 days · no price changes so far

The market here

Listed now: 64 days; median for 1904 houses for sale; this one 112 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,761,000	$6,035

The listing shows $7,743 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

$9,355/mo

Mortgage $8,709 · Tax $645

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

estimated payment

$8,709/ monthly

loan $1,599,200

25-year amortization

down payment20% · $399,80020%+ 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: $1,013,635
property transfer tax: $37,980; BC general rate
cash to close: $437,780; down + PTT
total paid: $2,612,835

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.

Location

Lot outline: 766 m² (8,245 sq ft) · PID 008-454-612. 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 Forsyth Road Elementaryhomes in this catchment
300 m away · 10730 139 St, Surrey · 604-588-8394
Secondary Kwantlen Park Secondaryhomes in this catchment
1.4 km 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 22 storey, 307 unit building
250 m away · 2024 · under review
Rezoning from Single Family Residential Zone (RF) to Comprehensive Development Zone (CD) (based on Multiple Residential Commercial 135 Zone (RM-135); Subdivision (Consolidation) from six (6) lots into one (1) lot; Official Community Plan (OCP) Amendment from Multiple Residential to Downtown; City Centre Plan Amendment from Low to Mid Rise Residential (2.5 FAR) to Mid to High Rise Residential (3.5
Rezoning for a 6 storey, 115 unit building
300 m away · 2021 · under review
Rezoning from C-35 to CD; Development Permit; Housing Agreement to permit the development of a 6-storey residential building consisting of 115 residential rental dwelling units.
Rezoning for a 6 storey, 105 unit building
250 m away · 2024 · conditionally approved
Rezoning from Comprehensive Development Zone (CD) Bylaw No. 16264 to Comprehensive Development Zone (CD) (based on RM-70); Official Community Plan (OCP) Text Amendment to permit 2.93 FAR in the Multi-Residential Designation; Development Permit to permit the development of a 6-storey apartment building containing 105 secured market rental units over two (2) levels of underground parking in City Cen
Rezoning for a 6 storey building
230 m away · 2024 · conditionally approved
Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Multiple Residential 70 Zone (RM-70); Subdivision (consolidation) from three (3) lots into one (1) lot; Official Community Plan (OCP) Amendment to increase the maximum floor area ratio (FAR) from 2.5 to 2.82 in the Multiple Residential designation; Development Permit to allow the development of a 6-storey 87

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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