1576 161 Street

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$899,000

1576 161 Street

Surrey · MLS® R3171361

423

1,767 sq ft · 4,940 sq ft lot · House · Single Family · built 1984 · 27 days on market

listed by Sukh Dhillon, LPT Realty ULC

realtor's description

Fully renovated, move-in ready half-duplex in South Surrey! This 4-bedroom, 2-bathroom home sits on a nearly 5,000 sq.ft. lot with no strata fees. Enjoy a bright open-concept layout, updated kitchen with premium cabinetry, quality countertops and stainless steel appliances, stylish flooring, modern lighting and renovated bathrooms. A self-contained 1-bedroom suite offers mortgage-helper potential or space for extended family. Large, private fenced backyard is ideal for kids, pets and entertaining. Close to schools, shopping, transit, Peace Arch Hospital and White Rock Beach. Some photos are virtually staged.

property details

type: House, Single Family
bedrooms: 4
bathrooms: 2
living area: 1,767 sq ft
lot: 4,940 sq ft
parking: 3
year built: 1984
property tax: $3,491 / yr
days on market: 27
MLS®: R3171361

the market here

listed now: 68 days; median for 1885 houses for sale; this one 27 days

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

property tax by year

year	assessed	est. tax
2026	$804,300	$2,757

The listing shows $3,491 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

$4,248/mo

Mortgage $3,957 · Tax $291

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$3,957/ monthly

loan $719,200

25-year amortization

down payment20% · $179,80020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 28, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $467,787
property transfer tax: $15,980; BC general rate
cash to close: $195,780; down + PTT
total paid: $1,186,987

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: $1,840/mo
your cost after the suite: $2,730/mo; vs $4,423 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $3,957 · tax $291 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 1-bedroom in Surrey: CMHC's average there ($1,602) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% 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