$2,500,000

10612 138 STREET

Surrey · MLS® R3155423

2 bed · 1 bath · 848 sq ft · 7,888 sq ft lot · 4 parking

House · Single Family · built 1951 · 50 days on market

Listed by Scot Stone, eXp Realty of Canada Inc.

Exceptional development opportunity in the heart of Surrey City Centre! This 2-bedroom, 1-bathroom home sits on a 7888 sq ft lot. Designated 6-storey land assembly area with up to 2.5 FAR potential. Just minutes from Gateway & Surrey Central SkyTrain Stations, SFU Campus, City Hall, T&T, Walmart, Central City Mall, and more. Easy access to King George Blvd, Fraser Hwy & Hwy 1. An ideal investment for future growth--perfectly positioned in a rapidly transforming urban hub!

Type: House, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 848 sq ft
Lot: 7,888 sq ft
Parking: 4
Year built: 1951
Property tax: $6,608 / yr
Days on market: 50
MLS®: R3155423

2026 assessment: $1,667,000 · asking is +50%
Price per sq ft: $2,948 vs $531 median for houses in Surrey for sale (1887)

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.

Washer
Refrigerator
Dishwasher
Stove
Dryer

On market 50 days

$11,443/mo

Mortgage $10,892 · Tax $551

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

estimated payment

$10,892/ monthly

loan $2,000,000

25-year amortization

down payment20% · $500,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,267,678
property transfer tax: $53,000; BC general rate
cash to close: $553,000; down + PTT
total paid: $3,267,678

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.

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