124 13788 76 Avenue

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.

rent

$2,120/mo

after all costs

−$783/mo

cap rate

3.5%

yearly net rent ÷ price

Costs: mortgage $2,309 · strata $390 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Surrey: CMHC's average there ($1,872) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

• Development permit for a 6 storey, 224 unit building

  280 m away · 2026 · under review

  Detailed Development Permit for Form Character; and a Development Variance Permit to reduce parking stalls to one (1) stall for twenty-three (23) townhouse units reduce visitor parking from 0.2 to 0.15 stalls per unit reduce setbacks along townhouse lot to reduce parking rates for the apartment to 1.075 residential stalls per unit to allow the construction of 224 townhouse units and two (2) six-st

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.

listed now

69 days

median for 1016 condos for sale; this one 6 days

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