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$899,999

16 15255 36 Avenue

Surrey · MLS® R3153438

4 bed · 4 bath · 1,906 sq ft · 2 parking

Townhouse · Single Family · built 2004 · 66 days on market

Listed by Bernie Scholz, Engel & Volkers Vancouver (Branch)

Realtor's description

Welcome to Ferngrove, a boutique duplex style complex located in the heart of Morgan Creek. Walk down the quaint pathway nestled in a beautiful garden to your front door & enjoy the private front veranda overlooking the gardens. This home has a spacious living &dining rm w/gas fireplace. The kitchen has been updated in 2019 w/ new kitchen cabinets, countertops & SS GE Profile appliances. Island seating for 3 & a cozy family room w/2nd gas f/p makes it the perfect place to relax. The balcony off the kitchen provides easy access to the bbq. Upstairs features a lg primary bedroom w/ vaulted ceiling, ensuite, 2 other bedrooms w/ full bathroom. Downstairs offers a rec room or gym w/ its own3 pc ensuite. The large dbl garage has heavy duty shelving suspended from ceiling. Close to schools, shops & Hwy 99.

Property details

Type: Townhouse, Single Family
Bedrooms: 4
Bathrooms: 4
Living area: 1,906 sq ft
Parking: 2
Year built: 2004
Property tax: $4,095 / yr
Strata fee: $574 / mo ($0.30 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 66
MLS®: R3153438

Features

No Smoking Home
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Washer
Refrigerator
Dishwasher

Floor plans

Found among the listing photos.

Price check

Typical for the area (-6.1%)

2026 assessment: $985,000 · asking is -8.6%
Price per sq ft: $472 vs $503 median for townhouses in Surrey for sale (885)

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 66 days · no price changes so far

The market here

Listed now: 52 days; median for 899 townhouses for sale; this one 66 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$985,000	$3,376
2025	$1,032,000	$3,208

Estimated tax up 5.2% from 2025 to 2026.

The listing shows $4,095 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

$4,836/mo

Mortgage $3,921 · Tax $341 · Strata $574

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

estimated payment

$3,921/ monthly

loan $719,999

25-year amortization

down payment20% · $180,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 11, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $456,364
property transfer tax: $16,000; BC general rate
cash to close: $196,000; down + PTT
total paid: $1,176,363

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: −$3,211/mo
Cap rate: 0.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,921 · tax $341 · strata $574 · 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

SurreyGoogle Maps ↗

Location

SurreyGoogle Maps ↗

Schools

Catchment schools, Surrey School District 36

Elementary Rosemary Heights Elementaryhomes in this catchment
500 m away · 15516 36 Ave, Surrey · 604-541-1613
Secondary Grandview Heights Secondaryhomes in this catchment
4.1 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
270 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.

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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