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$3,200,000

16181 89A AVENUE

Surrey · MLS® R3142373

7 bed · 8 bath · 6,380 sq ft · 8,284 sq ft lot · 9 parking

House · Single Family · built 2020 · 98 days on market

Listed by Surinder Parhar, Century 21 Coastal Realty Ltd.

Realtor's description

First Time on the Market! Exceptional custom-built 3-level luxury home, just 6 years young, in prestigious Fleetwood. Offering 4 spacious bedrooms with 4 ensuite baths upstairs, this elegant residence features a grand open-concept design, a gourmet chef's kitchen with a separate spice kitchen, a main-floor bedroom with a full bath, a private office, and a powder room. Enjoy a large sundeck overlooking the fully fenced yard. The finished basement boasts a theatre room, bar, recreation space, plus a spacious 2-bedroom legal suite with quality tenants providing excellent mortgage-helper income. Parking for 9 vehicles. Minutes to top-rated schools, parks, shopping, transit, Hwy 1, Vancouver, and the U.S. border.

Property details

Type: House, Single Family
Bedrooms: 7
Bathrooms: 8
Living area: 6,380 sq ft
Lot: 8,284 sq ft
Parking: 9
Year built: 2020
Property tax: $9,910 / yr
Days on market: 98
MLS®: R3142373

Features

Washer
Refrigerator
Dishwasher
Stove
Dryer

Price check

Typical for the area (-5.5%)

2026 assessment: $2,403,000 · asking is +33%
Price per sq ft: $502 vs $531 median for houses in Surrey for sale (1882)

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 98 days · no price changes so far

The market here

Listed now: 64 days; median for 1943 houses for sale; this one 98 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$2,403,000	$8,236

The listing shows $9,910 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

$14,768/mo

Mortgage $13,942 · Tax $826

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

estimated payment

$13,942/ monthly

loan $2,560,000

25-year amortization

down payment20% · $640,00020%+ 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: $1,622,628
property transfer tax: $78,000; BC general rate
cash to close: $718,000; down + PTT
total paid: $4,182,628

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: $13,469/mo; vs $14,943 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $13,942 · tax $826 · 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: 769 m² (8,277 sq ft) · PID 030-673-470. 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 Serpentine Heights Elementaryhomes in this catchment
900 m away · 16126 93a Ave, Surrey · 604-589-6322
Secondary North Surrey Secondaryhomes in this catchment
1.4 km away · 15945 96 Ave, Surrey · 604-581-4433

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 29 homes
180 m away · 2024 · under review
OCP Amendment from Suburban to Urban. NCP Amendment from Urban Residential to Townhouse under the Fleetwood Plan. Rezoning from RH to CD (based on RM-30); Development Permit. Development Permit for Form and Character. Subdivision (Consolidation) from two (2) lots into one (1) lot in order to develop approximately 29 townhouse units on a consolidated site in Fleetwood.
Rezoning
400 m away · 2026 · under review
Development Permit to construct a 53 Townhouse unit development Rezoning from RA to MR4 DVP for setbacks rear from 4.5m to 3.0m east side from 4.5m -3.0m west side 4.5m - 3.0m

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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