16354 18 AVENUE
Surrey · MLS® R3169233
5 bed · 4 bath · 4,604 sq ft · 43,560 sq ft lot · 9 parking
House · Single Family · built 1983 · 13 days on market
Listed by Kelvin Qiu, Royal Pacific Realty Corp.
Realtor's description
DEVELOPER & INVESTOR ALERT! Rare 1-acre property with approx. 200' frontage in South Surrey's rapidly evolving Hwy 99 Corridor. Designated for future Business Park / Light Industrial use and directly across the street from the proposed Costco at 18 Ave & 164 St. Neighbouring property is also available for sale, offering an excellent land assembly opportunity to create a larger development site. Excellent exposure and access to Hwy 99, major truck routes, U.S. border and airports. Existing 4,600 sq.ft. rancher with basement suite plus approx. 1,500 sq.ft. shop provides excellent holding income and interim use while awaiting redevelopment. Surrounded by major infrastructure and expanding commercial & industrial development. Rare opportunity in South Surrey's emerging employment corridor!
Property details
- Type
- House, Single Family
- Bedrooms
- 5
- Bathrooms
- 4
- Living area
- 4,604 sq ft
- Lot
- 43,560 sq ft
- Parking
- 9
- Year built
- 1983
- Property tax
- $13,433 / yr
- Days on market
- 13
- MLS®
- R3169233
Monthly cost
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
If you rented it out
- Suite rent
- $1,602/mo
- Your cost after the suite
- $22,476/mo
- vs $23,950 without it
Costs: mortgage $22,656 · tax $1,119 · 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
Schools
Catchment schools, Surrey School District 36
- Elementary Ta'talu Elementaryhomes in this catchment
- Secondary Earl Marriott Secondaryhomes in this catchment
1.2 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.
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