19 7288 188 Street

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

rent

$2,120/mo

after all costs

−$2,124/mo

cap rate

1.9%

yearly net rent ÷ price

Costs: mortgage $3,300 · tax $255 · strata $343 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Surrey: CMHC's average there ($1,872) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% 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 2.6% from 2025 to 2026.

The listing shows $3,065 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 6 storey, 375 unit building

  80 m away · 2024 · conditionally approved

  Rezoning from Acreage Residential Zone (RA) to Comprehensive Development Zone (CD) (based on Multiple Residential 70 Zone (RM-70); Subdivision (Consolidation) from three (3) lots into one (1) lot; Official Community Plan (OCP) Amendment from Commercial to Multiple Residential and a Text Amendment to permit a higher density up to 2.9 FAR under the Multiple Residential designation; Neighbourhood Con

• Rezoning for a 6 storey, 342 unit building

  300 m away · 2025 · conditionally approved

  Rezoning from Acreage Residential Zone (RA) to Comprehensive Development Zone (CD); Subdivision from three (3) lots into two (2) lots; Official Community Plan (OCP) Amendment for a portion of the site from Commercial to Multiple Residential; Neighbourhood Concept Plan (NCP) Amendment to West Clayton for a portion of the site from Mixed Use Commercial Residential to Townhouse Apartment Flex; Housin

• Rezoning for a 6 storey, 213 unit building

  270 m away · 2023 · conditionally approved

  OCP Amendment from Commercial to Multiple Residential and to Figure 42: Major Employment Areas; OCP Text Amendment to allow a higher density in the Multiple Residential designation; NCP Amendment from Mixed-Use Commercial/ Residential: Village Node (1.5 FAR) to Mixed-Use Commercial/ Residential: Village Node (2.5 FAR Gross); Rezoning from RA to CD Development Permit to allow the development of one

• Rezoning for 155 homes

  200 m away · 2018 · under review

  Rezoning from RA to RM-30 Subdivision from two (2) lots to four (4) lots NCP Amendment from Urban Residential (10 + 4 UPA Bonus) to Townhouse Residential (22 + 5 UPA Bonus) and a Development Permit in order to construct a townhouse development consisting of 155 residential units

• Rezoning for 111 homes

  380 m away · 2025 · conditionally approved

  Rezoning from Acreage Residential Zone (RA) to High Density Townhouse Zone (MR4); Subdivision from two (2) lots into two (2) new lots; Official Community Plan (OCP) Amendment to designate the northern portion of both lots from Urban I to Urban II; Development Variance Permit for reduced setbacks and reduced outdoor private amenity space; Development Permit to permit the development of 111 townhous

And 3 smaller applications nearby.

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

50 days

median for 884 townhouses for sale; this one 110 days

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

the building's lot: 2,800 m² (30,139 sq ft). from ParcelMap BC; property lines are approximate, a survey is the legal boundary.