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$1,999,000

15497 37A AVENUE

Surrey · MLS® R3173893

6 bed · 5 bath · 4,132 sq ft · 5,167 sq ft lot · 4 parking

House · Single Family · built 2004 · 1 day on market

Listed by Jennifer Li, RA Realty Alliance Inc.

Realtor's description

Luxury living awaits in this custom-built home located in prestigious Morgan Creek neighborhood. Offering 4132 sq.ft. of elegant living space, this beautiful maintained residence features 6 bedrooms & 5 bathrooms, incl primary bedroom on the main floor.? The grand marble tile entry welcomes you into spacious living and dining areas, leading to a gourmet kitchen with high-end appliances and granite countertops. The impressive family room showcases 17-feet ceilings, a beautiful fireplace, and expansive windows that fill the space with natural light. The basement was fully renovated and offers a one-bedroom area with a large flexible space and full bathroom, ideal for owner use or guests. A fully separate high-end 2-bedroom rental suite provides excellent mortgage-helper.

Property details

Type: House, Single Family
Bedrooms: 6
Bathrooms: 5
Living area: 4,132 sq ft
Lot: 5,167 sq ft
Parking: 4
Year built: 2004
Property tax: $8,194 / yr
Days on market: 1
MLS®: R3173893

Features

Washer
Refrigerator
Dishwasher
Stove
Dryer
Alarm System

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-8.9%)

Price per sq ft: $484 vs $531 median for houses in Surrey for sale (1877)

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 1 day

The market here

Listed now: 64 days; median for 1936 houses for sale; this one 1 day

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

Monthly cost

$9,392/mo

Mortgage $8,709 · Tax $683

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

estimated payment

$8,709/ monthly

loan $1,599,200

25-year amortization

down payment20% · $399,80020%+ 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: $1,013,635
property transfer tax: $37,980; BC general rate
cash to close: $437,780; down + PTT
total paid: $2,612,835

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

Suite rent: $1,602/mo
Your cost after the suite: $8,093/mo; vs $9,567 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $8,709 · tax $683 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) 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

SurreyGoogle Maps ↗

Location

SurreyGoogle Maps ↗

Schools

Catchment schools, Surrey School District 36

Elementary Rosemary Heights Elementaryhomes in this catchment
300 m away · 15516 36 Ave, Surrey · 604-541-1613
Secondary Grandview Heights Secondaryhomes in this catchment
3.9 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
310 m away · 2025 · conditionally approved
Rezoning a portion of the site from Acreage Residential Zone (RA) to Suburban Residential Zone (R1) and a separate portion from Acreage Residential Zone (RA) to Quarter-Acre Residential Zone (R2); Neighbourhood Concept Plan (NCP) Amendment to redesignate a portion of the site from Suburban 1 Acre Residential to Suburban 1/2 Acre Residential and a separate portion from Suburban 1 Acre Residential t
Rezoning
360 m away · 2025 · under review
Rezoning from A-1 to RM-30 Subdivision from two (2) lots into four (4) lots and two (2) park lots and a Development Permit to allow for 236 ground oriented townhouses.
Rezoning
390 m away · 2015 · under review
NCP Amendment from Suburban 1/2 Acre to Suburban 1/4 Acre; Rezoning from RA to RQ; Development Variance Permit to allow subdivision into 3 lots.

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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