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$460,000

109 6385 121ST STREET

Surrey · MLS® R3125399

2 bed · 1 bath · 950 sq ft · 2 parking

Condo · Single Family · built 1996 · 142 days on market

Listed by Scott Stevenson, Keller Williams Bold Realty

Realtor's description

This NW corner unit is a spacious 2 bedroom home. bedrooms are on opposite sides of the suite. This unit offers two large patios, a corner suite with a great layout. Kitchen has a great layout offering an eating area as well as a separate laundry/pantry. The Livingroom/Diningroom has great flow and provides lots of options to set up your personal living space. The Living room leads to 1 of your private patios. A well run building that offers great access to shopping, transit and restaurants.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 950 sq ft
Parking: 2
Year built: 1996
Property tax: $2,224 / yr
Strata fee: $525 / mo ($0.55 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 142
MLS®: R3125399

Buying in a building from 1982 to 2000: what to read first

Features

Pets Allowed With Restrictions

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-28%)

Price per sq ft: $484 vs $673 median for condos in Surrey for sale (986)

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 142 days · no price changes so far

The market here

Listed now: 60 days; median for 1053 condos for sale; this one 142 days

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

Monthly cost

$2,714/mo

Mortgage $2,004 · Tax $185 · Strata $525

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

estimated payment

$2,004/ monthly

loan $368,000

25-year amortization

down payment20% · $92,00020%+ 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: $233,253
property transfer tax: $7,200; BC general rate
cash to close: $99,200; down + PTT
total paid: $601,253

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: $1,872/mo
After all costs: −$1,027/mo
Cap rate: 2.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,004 · tax $185 · 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

SurreyGoogle Maps ↗

Location

SurreyGoogle Maps ↗

Good to know

Agricultural Land Reserve
This address is inside the Agricultural Land Reserve. ALR land is set aside for farming; building, subdividing and non-farm uses follow Agricultural Land Commission rules.
Source: Agricultural Land Commission, ALR boundary
Wildfire
The BC Wildfire Service rates Oliver's wildland urban interface as risk class 1 of 5 (the highest class). 5 wildfires of 10 hectares or more burned within 5 km since 2006: 2021 (19.9k ha), 2015 (371 ha), 2015 (131 ha), 2015 (5.2k ha) and more. Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

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