1 / 40

$414,999

118 8068 120A STREET

Surrey · MLS® R3153523

All units at 8068 120a St →

1 bed · 1 bath · 833 sq ft · 2 parking

Condo · Single Family · built 1995 · 64 days on market

Listed by Jayden Sharma, eXp Realty

Realtor's description

TOWNHOUSE VIBE & OUTDOOR BLISS! Experience the ultimate ground-level lifestyle in this rare 833 sqft gem. BRAND NEW FLOORING has just been installed throughout the living areas-no carpet here! Your massive covered patio flows directly into a sprawling, lush courtyard; it is truly like having your own private backyard without any of the weekend maintenance. The layout is a complete winner: an open-concept kitchen, cozy gas fireplace (gas is included in your fees!), and a large DEN that easily functions as a 2nd bedroom or home office. UNICORN ALERT: This exceptional home features 2 coveted SIDE-BY-SIDE parking stalls plus a dedicated storage locker. Situated in a pristine, well-maintained complex complete with a guest suite and workshop, you are just steps away from local transit and shopping amenities. Ground-floor luxury offering this much space, outdoor connection, and two side-by-side parking spots is nearly impossible to find in today's market. An incredible opportunity at this newly adjusted price!

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 833 sq ft
Parking: 2
Year built: 1995
Property tax: $2,219 / yr
Strata fee: $340 / mo ($0.41 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 64
MLS®: R3153523

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

Price check

Below typical for the area (-26%)

2026 assessment: $449,900 · asking is -7.8%
Price per sq ft: $498 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 64 days · no price changes so far

The market here

Listed now: 60 days; median for 1053 condos for sale; this one 64 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$449,900	$1,542

The listing shows $2,219 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

$2,333/mo

Mortgage $1,808 · Tax $185 · Strata $340

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

estimated payment

$1,808/ monthly

loan $331,999

25-year amortization

down payment20% · $83,00020%+ 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: $210,434
property transfer tax: $6,300; BC general rate
cash to close: $89,300; down + PTT
total paid: $542,433

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: $1,602/mo
After all costs: −$894/mo
Cap rate: 2.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,808 · tax $185 · strata $340 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-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: 6,082 m² (65,466 sq ft) · PID 023-217-383. 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 Kennedy Trail Elementaryhomes in this catchment
600 m away · 8305 122a St, Surrey · 604-590-1198
Secondary L.A. Matheson Secondaryhomes in this catchment
2.9 km away · 9484 122 St, Surrey · 604-588-3418

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, 53 unit building
380 m away · 2025 · under review
Rezoning from C-8 to CD (Based on RM-70 C-5); OCP Text Amendment from 1.5 FAR to 2.47 FAR; Subdivision Consolidation from 2 lots to 1 lot; Form Character Development Permit to permit one six storey apartment building with 53 residential units and 1 823.29 sq. m of commercial space.
Rezoning
140 m away · 2025 · concluded
Rezoning amendment to Comprehensive Development Zone (CD) Bylaw no. 16429 to permit the use of an eating establishment within an existing commercial service building

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.