1 / 15

$459,000

114 10128 132 STREET

Surrey · MLS® R3170785

All units at 10128 132 St →

2 bed · 1 bath · 914 sq ft · 1 parking

Condo · Single Family · built 1997 · 10 days on market

Listed by Mark George, Engel & Volkers Vancouver

Realtor's description

Great value, generous space, and an exciting location near the heart of Surrey City Centre. This bright, move-in ready, 2 bedroom home offers 914 sqft of comfortable living space with a spacious, easy-to-live-in layout. Updates include wide plank flooring, stainless steel appliances, and a full-size Samsung washer & dryer. The large primary bedroom easily fits a king-size bed and features a large walk-in closet, while the generous covered private patio offers a wonderful space to relax, entertain, and enjoy year-round. Includes one secure underground parking stall, with an additional stall available for just $25/month. Located directly across from Old Yale Elementary and just seconds from the SkyTrain, SFU, UBC, Surrey Memorial Hospital, shopping, parks, restaurants, and the rapidly growing Surrey City Centre.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 914 sq ft
Parking: 1
Year built: 1997
Property tax: $2,150 / yr
Strata fee: $416 / mo ($0.46 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 10
MLS®: R3170785

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

Features

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

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-25%)

2026 assessment: $466,000 · asking is -1.5%
Price per sq ft: $502 vs $671 median for condos in Surrey for sale (999)

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 10 days · no price changes so far

The market here

Listed now: 59 days; median for 1069 condos for sale; this one 10 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$466,000	$1,597
2025	$501,000	$1,557

Estimated tax up 2.6% from 2025 to 2026.

The listing shows $2,150 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

$2,595/mo

Mortgage $2,000 · Tax $179 · Strata $416

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

estimated payment

$2,000/ monthly

loan $367,200

25-year amortization

down payment20% · $91,80020%+ 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: $232,746
property transfer tax: $7,180; BC general rate
cash to close: $98,980; down + PTT
total paid: $599,946

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: −$908/mo
Cap rate: 2.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,000 · tax $179 · strata $416 · 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

The building's lot: 3,778 m² (40,666 sq ft) · PID 023-761-806. 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 Old Yale Road Elementaryhomes in this catchment
100 m away · 10135 132 St, Surrey · 604-588-5468
Secondary Kwantlen Park Secondaryhomes in this catchment
600 m 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 6 storey, 72 unit building
80 m away · 2025 · under review
Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Multiple Residential 70 Zone (RM-70); Development Permit to permit a 6 storey building containing 72 residential units.
Rezoning for a 8 storey, 8 unit building
190 m away · 2023 · conditionally approved
Rezoning from Urban Residential Zone (R3) to Low-Rise (5-8 Storey) Apartment Zone (MR7) Compact Residential Zone (R5); Subdivision (Consolidation) from four (4) lots into one (1) lot; Development Variance Permit a) In Sub-Section C.2. of Part 15 Compact Residential Zone (R5) the minimum lot width for a Type I Interior lot is reduced from 9.7 metres to 9.5 metres for proposed Lot 2; Development Per
Rezoning
290 m away · 2023 · concluded
Rezoning from RM-70 to CD; Development Variance Permit to allow for a small-scale drug store within an existing residential development and to vary the minimum 400 metre separation requirement between a small-scale drug store and an existing drug store.

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.

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.