1682 140 STREET

Surrey · MLS® R3119947

5 bed · 2 bath · 2,244 sq ft · 10,701 sq ft lot · 6 parking

House · Single Family · built 1974 · 156 days on market

Listed by Scott Higgins, Hugh & McKinnon Realty Ltd.

Realtor's description

An exceptional investment opportunity in a high-demand South Surrey location. 1682 140th Street offers strong potential for future fourplex development (subject to municipal approvals), making it an ideal acquisition for builders, developers, and long-term investors. Situated on a well-located lot within an established and evolving neighbourhood, this property benefits from proximity to schools, parks, shopping, transit, and major commuter routes-key drivers for multi-unit rental demand and resale value. The area continues to see steady growth, with increasing interest in gentle density and small multi-family projects. Whether held as a land-banking strategy or positioned for redevelopment, this property represents a rare chance to capitalize on Surrey's ongoing expansion, housing demand.

Property details

Type: House, Single Family
Bedrooms: 5
Bathrooms: 2
Living area: 2,244 sq ft
Lot: 10,701 sq ft
Parking: 6
Year built: 1974
Property tax: $5,359 / yr
Days on market: 156
MLS®: R3119947

Features

Washer
Refrigerator
Dishwasher
Stove
Dryer

Price check

Above typical for the area (+23%)

2026 assessment: $1,351,500 · asking is +8.8%
Price per sq ft: $655 vs $532 median for houses in Surrey for sale (1854)

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 156 days · no price changes so far

The market here

Listed now: 64 days; median for 1908 houses for sale; this one 156 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,351,500	$4,632

The listing shows $5,359 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

$6,851/mo

Mortgage $6,405 · Tax $447

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

estimated payment

$6,405/ monthly

loan $1,176,000

25-year amortization

down payment20% · $294,00020%+ 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: $745,395
property transfer tax: $27,400; BC general rate
cash to close: $321,400; down + PTT
total paid: $1,921,395

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.

Location

Lot outline: 994 m² (10,699 sq ft) · PID 010-821-058. 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 Bayridge Elementaryhomes in this catchment
400 m away · 1730 142 St, Surrey · 604-531-8082
Secondary Semiahmoo Secondaryhomes in this catchment
1.6 km away · 1785 148 St, Surrey · 604-536-2131

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.

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.