13688 113 Avenue

Surrey · MLS® R3165371

526

2,735 sq ft · 8,623 sq ft lot · House · Single Family · built 1954 · 42 days on market

listed by Scott Williams, One Percent Realty Ltd.

realtor's description

Opportunity knocks in the popular Bolivar Heights area! This spacious 2700 sq ft basement entry home sits on a large sunny 8,623 sq ft south facing backyard lot with view of New West and mountains out front. 3 bdrms up, 2 bdrm suite down, generous room sizes, some updated windows, a 5 year old roof and solid construction make this an excellent lot to build dream home with a view. Also works as a great investment or remodel buy. Detached 2 car garage/workshop. Interior pictures decluttered by AI. A true diamond in the rough, bring your ideas and make this one shine! Easy to show with 24 hr notice.

property details

type: House, Single Family
bedrooms: 5
bathrooms: 2
living area: 2,735 sq ft
lot: 8,623 sq ft
parking: 6
year built: 1954
property tax: $6,190 / yr
days on market: 42
MLS®: R3165371

features

Dryer

the market here

listed now: 68 days; median for 1891 houses for sale; this one 42 days

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

property tax by year

year	assessed	est. tax
2026	$1,242,400	$4,258

The listing shows $6,190 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

$5,047/mo

Mortgage $4,531 · Tax $516

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

estimated payment

$4,531/ monthly

loan $831,918

25-year amortization

down payment20% · $207,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 26, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $527,302
property transfer tax: $18,798; BC general rate
cash to close: $226,778; down + PTT
total paid: $1,359,221

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

suite rent: $2,120/mo
your cost after the suite: $3,271/mo; vs $5,222 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $4,531 · tax $516 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite 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.

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