22 16588 Fraser Highway

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$650,000

22 16588 Fraser Highway

Surrey · MLS® R3177681

322

1,338 sq ft · Townhouse · Single Family · built 2006 · 6 days on market

listed by Antony Filippelli, Royal LePage West Real Estate Services

realtor's description

WOW!!! Skytrain at your doorstep. Great family complex in a convenient location close to schools, parks, shopping and restaurants and Surrey Sports & Leisure Complex. Bring your hammer and paint brush. Home needs all new flooring, paint and some small repairs but what better way to make it what you want. Main floor features a big kitchen with maple cabinets and granite countertops, tile splash, and a breakfast bar counter, den or flex room for gaming or home office, large formal area, living room with fireplace. Upstairs has 3 nice sized bedrooms, the primary offering its own 4pc. bath and 2 closet and a convenient closet style laundry. The basement level has a deep 2 car tandem garage, walk out to a large fenced yard.

property details

type: Townhouse, Single Family
bedrooms: 3
bathrooms: 2
living area: 1,338 sq ft
parking: 2
year built: 2006
property tax: $3,434 / yr
strata fee: $491 / mo ($0.37 / sq ft)
strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
days on market: 6
MLS®: R3177681

features

Pets Allowed With Restrictions
Rentals Allowed With Restrictions

the market here

listed now: 50 days; median for 884 townhouses for sale; this one 6 days

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

property tax by year

year	assessed	est. tax
2026	$741,000	$2,540
2025	$783,000	$2,434

Estimated tax up 4.4% from 2025 to 2026.

The listing shows $3,434 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

$3,637/mo

Mortgage $2,861 · Tax $286 · Strata $491

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

estimated payment

$2,861/ monthly

loan $520,000

25-year amortization

down payment20% · $130,00020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 28, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $338,222
property transfer tax: $11,000; BC general rate
cash to close: $141,000; down + PTT
total paid: $858,222

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent: $2,310/mo
after all costs: −$1,687/mo
cap rate: 2.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,861 · tax $286 · strata $491 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Surrey: CMHC's average there ($1,956) raised by what new tenants pay against everyone in the Vancouver area, then down 3.5% 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.

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: 10,212 m² (109,921 sq ft) · PID 026-774-828. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

SurreyGoogle Maps ↗

schools

Catchment schools, Surrey School District 36

Elementary William Watson Elementaryhomes in this catchment
400 m away · 16450 80 Ave, Surrey · 604-574-4141
Secondary Fleetwood Park Secondaryhomes in this catchment
2.0 km away · 7940 156 St, Surrey · 604-597-2301

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 172 homes
200 m away · 2024 · conditionally approved
Comprehensive Development Zone (CD) Bylaw No. 20167 to allow for a higher density of 2.54; Development Permit to permit the development of 172 apartment units 13 commercial retail units and 7 office units.
Rezoning for a 6 storey, 63 unit building
390 m away · 2025 · under review
Rezoning from R3 to CD (Based on RM-45 RM-70); OCP Amendment from Urban to Multiple Residential; Fleetwood Town Centre Plan Amendment from Townhouse to Low to Mid Rise Residential; Development Permit for Form Character to permit a six storey apartment with 63 residential units.

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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