161 7484 138 Street

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

rent

$2,310/mo

after all costs

−$1,343/mo

cap rate

2.4%

yearly net rent ÷ price

Costs: mortgage $2,518 · tax $217 · strata $557 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Surrey: CMHC's average there ($1,956) raised by what new tenants pay against everyone in the Vancouver area, then down 3.5% 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.

Estimated tax up 3.0% from 2025 to 2026.

The listing shows $2,609 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.

• Rezoning for a 5 storey, 115 unit building

  330 m away · 2023 · conditionally approved

  Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Multiple Residential 70 Zone (RM-70); Subdivision (consolidation) of four (4) lots into one (1); Official Community Plan (OCP) Amendment from Urban to Multiple Residential and increase in permitted density from 1.5 FAR to 2.4 FAR; Development Permit to permit the development of a five-storey residential buil

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.

listed now

52 days

median for 885 townhouses for sale; this one 158 days

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

the building's lot: 63,142 m² (679,654 sq ft) · PID 001-432-052. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.