16051 16 Avenue

Surrey · MLS® R3062300

338

2,100 sq ft · 20,146 sq ft lot · House · Single Family · built 2000 · 365 days on market

listed by Matt Johnston, Hugh & McKinnon Realty Ltd.

realtor's description

Investor/Developer Alert!!! Fantastic opportunity for development into multi family residential units. Currently designated up to 25 units per acre (with 30 UPA behind and across the street), please verify land use with the City of Surrey. So many benefits to this location: proximity to the USA border, HWY 99 access 2 mins away, White Rock beach 5 min drive, walking distance to Earl Marriott high school, a short drive to South Meridian Elementary and transit right outside your front door this is a prime location to build. See attached documents for recent approvals and pending applications in the area. Measurements taken by realtor and are Approx. Buyers and Buyer's Agent to verify if important. Call for more details.

property details

type: House, Single Family
bedrooms: 3
bathrooms: 3
living area: 2,100 sq ft
lot: 20,146 sq ft
parking: 8
year built: 2000
property tax: $6,650 / yr
days on market: 365
MLS®: R3062300

the market here

listed now: 68 days; median for 1885 houses for sale; this one 365 days

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

property tax by year

year	assessed	est. tax
2026	$1,716,000	$5,881

The listing shows $6,650 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

$18,159/mo

Mortgage $17,605 · Tax $554

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

estimated payment

$17,605/ monthly

loan $3,199,999

25-year amortization

down payment20% · $800,00020%+ 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: $2,081,365
property transfer tax: $118,000; BC general rate
cash to close: $918,000; down + PTT
total paid: $5,281,365

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.

location

lot outline: 1,862 m² (20,042 sq ft) · PID 011-427-400. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

SurreyGoogle Maps ↗

schools

Catchment schools, Surrey School District 36

Elementary South Meridian Elementaryhomes in this catchment
700 m away · 16244 13 Ave, Surrey · 604-538-7114
Secondary Earl Marriott Secondaryhomes in this catchment
600 m away · 15751 16 Ave, Surrey · 604-531-8354

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 20 homes
260 m away · 2018 · under review
OCP Amendment from Urban to Multiple Residential Rezoning from RM-D to RM-30 Subdivision from2 lots to 1 lot Development Permit and Development Variance Permit to construct 20 townhouse units.

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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