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$1,830,000

16063 8 AVENUE

Surrey · MLS® R3146449

5 bed · 4 bath · 3,796 sq ft · 9,840 sq ft lot · 6 parking

House · Single Family · built 1988 · 79 days on market

Listed by Sissy Deng, RE/MAX Colonial Pacific Realty

Realtor's description

Beautifully kept and updated rancher with a daylight walk-out 2-bedroom basement suite, offering over 3,700 sq ft of living space. The main floor features 3 bedrooms, a spacious primary suite with a walk-in closet and luxurious 5-piece ensuite. The bright kitchen opens to the family room, creating an ideal layout for everyday living and entertaining. Double garage with an attached workshop. Nestled on a cul-de-sac with river and partial ocean views, short walk to East Beach, and all the shops and restaurants that White Rock has to offer! The stunning backyard is the true highlight, showcasing beautifully landscaped gardens, vibrant seasonal blooms, and a tranquil waterfall feature. The covered patio is ideal for hosting and entertaining around the gas plumbed outdoor fire pit. A Must see!

Property details

Type: House, Single Family
Bedrooms: 5
Bathrooms: 4
Living area: 3,796 sq ft
Lot: 9,840 sq ft
Parking: 6
Year built: 1988
Property tax: $6,533 / yr
Days on market: 79
MLS®: R3146449

Features

Washer
Refrigerator
Dishwasher
Stove
Dryer

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-9.2%)

2026 assessment: $1,645,000 · asking is +11%
Price per sq ft: $482 vs $531 median for houses in Surrey for sale (1878)

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 79 days · no price changes so far

The market here

Listed now: 64 days; median for 1937 houses for sale; this one 79 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,645,000	$5,638

The listing shows $6,533 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

$8,518/mo

Mortgage $7,973 · Tax $544

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

estimated payment

$7,973/ monthly

loan $1,464,000

25-year amortization

down payment20% · $366,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 10, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $927,940
property transfer tax: $34,600; BC general rate
cash to close: $400,600; down + PTT
total paid: $2,391,940

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: $7,219/mo; vs $8,693 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $7,973 · tax $544 · 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

Lot outline: 922 m² (9,924 sq ft) · PID 008-031-037. 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 South Meridian Elementaryhomes in this catchment
1.1 km away · 16244 13 Ave, Surrey · 604-538-7114
Secondary Earl Marriott Secondaryhomes in this catchment
1.7 km 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

Development permit for a 3 storey building
210 m away · 2025 · conditionally approved
Development Variance Permit (a) to reduce the minimum side yard (south) setback of the CTA Zone from 7.5 metres to 7.0 metres to the principal building face; Development Permit to allow the development of a 55-room three-storey hotel.

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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