232 9979 140 Street

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

rent

$1,840/mo

after all costs

−$257/mo

cap rate

4.3%

yearly net rent ÷ price

Costs: mortgage $1,448 · tax $159 · strata $307 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Surrey: CMHC's average there ($1,602) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% 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.

Rapid transit: King George SkyTrain station, 800 m (about 12 min walk); Surrey Central SkyTrain station, 1.2 km (about 18 min walk).

Estimated tax up 1.5% from 2025 to 2026.

The listing shows $1,907 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 5 storey, 687 unit building

  230 m away · 2025 · under review

  Rezoning from RM-45 to CD (based on RM-135); Subdivision from one (1) lot to two (2) lots; General Development Permit for future non-market project consisting of two (2) high-rise towers mid-rise podium buildings and a cluster of low-rise townhomes with approximately 687 units total. OCP amendment designation change from Mid Rise 1 to High Rise 1 Detailed Development Permit for Phase one (1) to pe

• Rezoning for a 33 storey, 343 unit building

  370 m away · 2023 · under review

  OCP Amendment to Figure 16: Downtown Densities from 3.5 FAR to 7.5 FAR; CCP Amendment from Mid to High Rise Residential to High Rise Residential ¿ Type II and to amend the road network on the subject site; Rezoning from RF to CD (based on RM-135); Development Permit to permit the development of a 33-storey high-rise residential tower consisting of approximately 343 dwelling units; Subdivision Cons

• Rezoning for a 6 storey, 138 unit building

  200 m away · 2023 · conditionally approved

  Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on RM-70); Consolidation from four (4) lots into one (1); Neighbourhood Concept Plan (NCP) Amendment from Low Rise Transition Residential to Low to Mid Rise Residential for a portion of subject site; Development Permit to permit the development of a six storey apartment building containing approximately 138 mar

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.

the building's lot: 7,105 m² (76,478 sq ft) · PID 023-530-227. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Rapid transit: King George SkyTrain station, 800 m (about 12 min walk); Surrey Central SkyTrain station, 1.2 km (about 18 min walk).

listed now

68 days

median for 1017 condos for sale; this one 15 days

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