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$789,000

132 6875 121 STREET

Surrey · MLS® R3153241

All units at 6875 121 St →

2 bed · 3 bath · 2,276 sq ft · 2 parking

Townhouse · Single Family · built 1991 · 64 days on market

Listed by Leanne Kler, RE/MAX Performance Realty

Realtor's description

Welcome to Glenwood Village Heights, offering nearly 2,300 sq. ft. of spacious, duplex-style living in a prime location close to shopping, schools, parks and transit. NO AGE RESTRICTIONS. This end-unit, three-level townhome is ready for your personal touch and features two generous upstairs bedrooms, each with it's own ensuite, 2 piece bthrm on the main and a versatile lower-level flex room ideal for a rec.room/theatre, home office, or guest space. The main floor offers expansive living and dining areas, a bright kitchen with an adjoining family room, access to the front deck, and a covered patio overlooking the sunny south-facing backyard. Laundry is located upstairs. Clubhouse, RV parking & guest suite. Bring your ideas and make this exceptional home your own! OPEN HOUSE OCT. 10 1pm-3pm

Property details

Type: Townhouse, Single Family
Bedrooms: 2
Bathrooms: 3
Living area: 2,276 sq ft
Parking: 2
Year built: 1991
Property tax: $3,401 / yr
Strata fee: $566 / mo ($0.25 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 64
MLS®: R3153241

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

Features

Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Washer
Refrigerator
Central Vacuum
Dishwasher

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-31%)

2026 assessment: $818,000 · asking is -3.5%
Price per sq ft: $347 vs $504 median for townhouses in Surrey for sale (868)

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: 51 days; median for 882 townhouses for sale; this one 64 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$818,000	$2,804

The listing shows $3,401 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

$4,287/mo

Mortgage $3,438 · Tax $283 · Strata $566

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

estimated payment

$3,438/ monthly

loan $631,200

25-year amortization

down payment20% · $157,80020%+ 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: $400,079
property transfer tax: $13,780; BC general rate
cash to close: $171,580; down + PTT
total paid: $1,031,279

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: −$2,739/mo
Cap rate: 1.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,438 · tax $283 · strata $566 · insurance ~$175 · 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: 35,731 m² (384,605 sq ft) · PID 017-396-247. 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 Cougar Creek Elementaryhomes in this catchment
500 m away · 12236 70a Ave, Surrey · 604-591-9098
Secondary Tamanawis Secondaryhomes in this catchment
1.2 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.

Development nearby

Development permit for a 6 storey, 53 unit building
300 m away · 2022 · under review
Development Permit for Sensitive Ecosystems and to permit the construction of a six-storey mixed use building with 53 residential units and 4731 sq.m. ground floor commercial retail units.
Development permit for a 3 storey building
350 m away · 2022 · under review
Development Permit for Sensitive Ecosystems and to permit the construction of a mixed use building with commercial retail units at ground floor and three storey office above (2103 sq. m.).

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.

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