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$489,900

111 7171 121 STREET

Surrey · MLS® R3143470

2 bed · 2 bath · 1,069 sq ft · 1 parking

Condo · Single Family · built 1993 · 91 days on market

Listed by Sharry Bhullar, Woodhouse Realty

Welcome to this stunning fully renovated 2 bed 2 bath ground-floor home offering 1,069 sq. ft. of stylish, move-in-ready living. The highlight is the massive private patio and lush green lawn-perfect for entertaining, summer BBQs, kids, pets, gardening, or simply relaxing outdoors. Inside, enjoy the warmth of a natural gas fireplace and the comfort of radiant heating throughout. The spacious, functional layout features generous room sizes and quality updates from top to bottom. Located directly across from Strawberry Hill Shopping Centre, you're just steps to grocery stores, restaurants, cafes, transit, schools, parks, and everyday conveniences. An incredible opportunity for first-time buyers, downsizers or investors looking for a turn-key home in one of Surrey's most convenient location.

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,069 sq ft
Parking: 1
Year built: 1993
Property tax: $2,267 / yr
Strata fee: $497 / mo ($0.47 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 91
MLS®: R3143470

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

Below typical for the area (-32%)

Price per sq ft: $458 vs $671 median for condos in Surrey for sale (1003)

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.

Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Washer
Refrigerator
Dishwasher
Stove

On market 91 days

Listed now: 63 days; median for 1004 condos for sale; this one 91 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

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.

Catchment schools, Surrey School District 36

Elementary Cougar Creek Elementaryhomes in this catchment
500 m away · 12236 70a Ave, Surrey · 604-591-9098
Secondary Tamanawis Secondaryhomes in this catchment
1.7 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.

$2,821/mo

Mortgage $2,134 · Tax $189 · Strata $497

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

estimated payment

$2,134/ monthly

loan $391,920

25-year amortization

down payment20% · $97,98020%+ 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: $248,414
property transfer tax: $7,798; BC general rate
cash to close: $105,778; down + PTT
total paid: $640,334

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.

Rent: $1,872/mo
After all costs: −$1,133/mo
Cap rate: 2.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,134 · tax $189 · strata $497 · 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

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