211 14818 60 Avenue

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

rent

$2,120/mo

after all costs

−$1,241/mo

cap rate

2.7%

yearly net rent ÷ price

Costs: mortgage $2,571 · tax $197 · strata $389 · insurance ~$35 · 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.

• Rezoning

  80 m away · 2021 · under review

  Rezoning from RA to R5 (Compact Residential Zone) and a DVP to vary the minimum lot depth from 36m to 35.2m for proposed lots 1-3 to achieve subdivision from 2 to 4 lots

• Rezoning

  110 m away · 2022 · under review

  Rezoning from Acreage Residential Zone (RA) to Urban Residential Zone (R3)to facilitate the development of a houseplex on a corner lot.

• Rezoning

  140 m away · 2024 · under review

  Rezoning from CD to RM-30; South Newton NCP Amendment from Mixed Commercial Residential (townhomes) to Townhouse 25upa; Development Permit (Form Character) for 10 townhomes; Development Variance Permit to reduce the rear and side yard setbacks.

• Rezoning

  150 m away · 2021 · under review

  Rezoning from RA to RF-10 to allow the subdivision into 2 lots.

• Rezoning

  190 m away · 2023 · under review

  Rezoning from RA to R4 and R5 and a CD zone based on RA. Subdivision from one (1) into four (4) lots including one (1) remnant lot and a Development Variance Permit to vary width for LT 1.

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

68 days

median for 1022 condos for sale; this one listed today

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

the building's lot: 3,168 m² (34,100 sq ft) · PID 031-451-063. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.