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$525,000

216 7171 121 STREET

Surrey · MLS® R3146710

All units at 7171 121 St →

2 bed · 2 bath · 1,212 sq ft · 1 parking

Condo · Single Family · built 1993 · 86 days on market

Listed by Baljinder Kang, Coldwell Banker Universe Realty

Realtor's description

THE HIGHLANDS, this spacious 1,212 sq. ft. corner unit is filled with natural light thanks to its highly sought-after South-East exposure overlooking a quiet street. This bright and well-kept unit features an extra - large kitchen with abundant cabinetry and space for a breakfast table. Enjoy in suite laundry, generous storage throughout, and a massive primary bedroom complete with a walk-in closet. The maintenance fee includes in-floor radiant heat and a cozy gas fireplace. The complex is exceptionally well maintained and offers secure underground parking plus a storage locker. Guests will love the convenient visitor parking right out front. All amenities are just steps away-Mall, Home Depot, Save-On-Foods, medical clinics, the movie theatre, and countless restaurants.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,212 sq ft
Parking: 1
Year built: 1993
Property tax: $2,506 / yr
Strata fee: $641 / mo ($0.53 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 86
MLS®: R3146710

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

Features

Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Washer
Refrigerator
Dishwasher
Stove

Price check

2026 assessment: $569,000 · asking is -7.7%
Price per sq ft: $433 vs $673 median for condos in Surrey for sale (986)

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 86 days · no price changes so far

The market here

Listed now: 60 days; median for 1053 condos for sale; this one 86 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$569,000	$1,950

The listing shows $2,506 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

$3,137/mo

Mortgage $2,287 · Tax $209 · Strata $641

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

estimated payment

$2,287/ monthly

loan $420,000

25-year amortization

down payment20% · $105,00020%+ 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: $266,212
property transfer tax: $8,500; BC general rate
cash to close: $113,500; down + PTT
total paid: $686,212

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: $1,872/mo
After all costs: −$1,450/mo
Cap rate: 1.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,287 · tax $209 · strata $641 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-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: 17,828 m² (191,899 sq ft) · PID 017-938-449. 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 Cougar Creek Elementaryhomes in this catchment
500 m away · 12236 70a Ave, Surrey · 604-591-9098
Secondary Tamanawis Secondaryhomes in this catchment
1.7 km away · 12600 66 Ave, Surrey · 604-597-5234

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

Development permit for a 3 storey building
380 m away · 2022 · under review
Development Permit for Sensitive Ecosystems and to permit the construction of a mixed use building with commercial retail units at ground floor and three storey office above (2103 sq. m.).
Rezoning
380 m away · 2024 · concluded
Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Child Care Zone (CCR) to allow a child care centre for up to 25 children within an existing single family dwelling.

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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