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$599,900

164 7261 140 STREET

Surrey · MLS® R3158850

3 bed · 2 bath · 1,387 sq ft · 2 parking

Townhouse · Single Family · built 1983 · 45 days on market

Listed by Gurinder Cheema, RE/MAX Performance Realty

Realtor's description

In the Heart of East Newton 2 story Renovated 3 bedroom, 2 bathroom spacious Townhome located in the calm neighbourhood. Updates include New Paint, New Kitchen, Counter Top and Feature walls. This townhouse has Spacious Master Bedroom, 2 Parking Spots. Cats, Dogs and Rentals allowed. Close to Schools, Transportation and Shopping. Strata also changed Roof / Windows and all levy paid by landlord. For showings pls Call us NOW!

Property details

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 1,387 sq ft
Parking: 2
Year built: 1983
Property tax: $3,265 / yr
Strata fee: $337 / mo ($0.24 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 45
MLS®: R3158850

Buying in a building from 1982 to 2000: what to read first

Features

Pets Allowed With Restrictions
Washer
Refrigerator
Dishwasher
Stove
Dryer

Price check

Below typical for the area (-14%)

2026 assessment: $691,500 · asking is -13%
Price per sq ft: $433 vs $503 median for townhouses in Surrey for sale (868)

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 45 days · no price changes so far

The market here

Listed now: 51 days; median for 882 townhouses for sale; this one 45 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$691,500	$2,370

The listing shows $3,265 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

$3,223/mo

Mortgage $2,614 · Tax $272 · Strata $337

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

estimated payment

$2,614/ monthly

loan $479,920

25-year amortization

down payment20% · $119,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $304,192
property transfer tax: $9,998; BC general rate
cash to close: $129,978; down + PTT
total paid: $784,112

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

Rent: $1,956/mo
After all costs: −$1,598/mo
Cap rate: 2.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,614 · tax $272 · strata $337 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom 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

The building's lot: 22,872 m² (246,192 sq ft) · PID 002-245-361. 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 M.B. Sanford Elementaryhomes in this catchment
700 m away · 7318 143 St, Surrey · 604-596-7517
Secondary Frank Hurt Secondaryhomes in this catchment
800 m away · 13940 77 Ave, Surrey · 604-590-1311

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 a 5 storey, 115 unit building
220 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
Rezoning for a 4 storey, 30 unit building
140 m away · 2025 · under review
OCP Text Amendment to increase density from 1.5 to 2.0 in the multi-residential designation; Rezoning from RA to CD (based on RM-70 C-8); Subdivision consolidation and Development Permit for a 4-storey mixed use building with 30 dwelling units and 5 commercial retail units at ground level.
Rezoning
340 m away · 2026 · under review
Rezoning a portion of the site (proposed new LT 1) to R-4 and Subdivision from one (1) into two (2) lots.

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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