213 8496 120 STREET

Surrey · MLS® R3110511

1 bed · 2 bath · 690 sq ft · 1 parking

Condo · Single Family · built 2023 · 176 days on market

Listed by Jasmeet Sandhu, Century 21 Coastal Realty Ltd.

Welcome to The 85! Conveniently located at the corner of Scott Road and 85th Avenue in Surrey, this 1 bed + den, 2 bath home offers a thoughtfully designed layout with an open-concept floor plan suited for modern living. Features include soft-close flat panel cabinetry, quartz countertops, undermount sinks throughout, and Samsung stainless steel appliances including a 5-burner gas range. Enjoy the added comfort of air conditioning and oversized windows that bring in plenty of natural light. Perfectly situated close to transit, schools, and recreation, with easy access to Highway 99, Highway 17, and Highway 1

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 2
Living area: 690 sq ft
Parking: 1
Year built: 2023
Property tax: $2,222 / yr
Strata fee: $300 / mo ($0.43 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 176
MLS®: R3110511

Above typical for the area (+27%)

2026 assessment: $540,000 · asking is +9.1%
Price per sq ft: $854 vs $671 median for condos in Surrey for sale (1003)
Last sold: $572,145 · Sep 6, 2023

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.

Pets Allowed With Restrictions

On market 176 days

Listed now: 63 days; median for 1004 condos for sale; this one 176 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

Catchment schools, Surrey School District 36

Elementary Kennedy Trail Elementaryhomes in this catchment
Secondary L.A. Matheson Secondaryhomes in this catchment

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.

$3,051/mo

Mortgage $2,566 · Tax $185 · Strata $300

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

estimated payment

$2,566/ monthly

loan $471,200

25-year amortization

down payment20% · $117,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $298,665
property transfer tax: $9,780; BC general rate
cash to close: $127,580; down + PTT
total paid: $769,865

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.

Rent: $1,602/mo
After all costs: −$1,612/mo
Cap rate: 1.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,566 · tax $185 · strata $300 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-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

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