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$699,000

148 2228 162 STREET

Surrey · MLS® R3167182

All units at 2228 162 St →

3 bed · 3 bath · 1,247 sq ft · 2 parking

Townhouse · Single Family · built 2013 · 21 days on market

Listed by Garry Nip, RE/MAX Crest Realty

Open house · Saturday, October 10, 2pm–4pm

Realtor's description

Some homes simply feel different the moment you walk in. This sun-drenched 3 bedroom 3 bathroom home has been completely refreshed with brand new laminate floor and carpet, complete fresh new paint, new LED lighting and new designer dining room chandelier, matched with brand new double french door fridge and dishwasher. This home is in Show Home condition, you will fall in love the moment you walk in. Open house Sept 26 Sat 2-4pm.

Property details

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 1,247 sq ft
Parking: 2
Year built: 2013
Property tax: $3,097 / yr
Strata fee: $381 / mo ($0.31 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 21
MLS®: R3167182

Features

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

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+11%)

2026 assessment: $743,000 · asking is -5.9%
Price per sq ft: $561 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 21 days · no price changes so far

The market here

Listed now: 51 days; median for 881 townhouses for sale; this one 21 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$743,000	$2,546
2025	$797,000	$2,477

Estimated tax up 2.8% from 2025 to 2026.

The listing shows $3,097 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

$3,684/mo

Mortgage $3,045 · Tax $258 · Strata $381

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

estimated payment

$3,045/ monthly

loan $559,200

25-year amortization

down payment20% · $139,80020%+ 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: $354,443
property transfer tax: $11,980; BC general rate
cash to close: $151,780; down + PTT
total paid: $913,643

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: $1,956/mo
After all costs: −$2,060/mo
Cap rate: 1.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,045 · tax $258 · strata $381 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ 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: 15,342 m² (165,140 sq ft) · PID 029-181-003. 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 Edgewood Elementaryhomes in this catchment
900 m away · 16666 23 Ave, Surrey · 778-537-0206
Secondary Grandview Heights Secondaryhomes in this catchment
1.7 km away · 16987 25 Ave, Surrey · 604-542-3320

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 109 homes
340 m away · 2018 · under review
Rezoning from RA to RM-30; Neighbourhood Concept Plan amendment for roads in Sunnyside Heights Plan; Subdivision to create 3 lots; Development Variance Permit for setbacks and Development Permit for the construction of 109 townhouse units.
Rezoning
310 m away · 2025 · under review
To rezone the Block E portion (.414 ha) of CD B/L 15611 to permit child care centres retail stores personal service uses eating establishments excluding drive-through restaurants and office uses Development Permit for a future 1 858 sq. m. building for a child care center with 929 sq. m. outdoor play area a Development Permit for streamside protection; Development Variance Permit to reduce the str

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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