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$558,000

237 7447 140 STREET

Surrey · MLS® R3102365

2 bed · 1 bath · 1,020 sq ft · 1 parking

Townhouse · Single Family · built 1976 · 200 days on market

Listed by Akash Brar, RE/MAX Performance Realty

Realtor's description

Step into this bright and inviting 2-bedroom townhome in the heart of East Newton, perfect for first-time buyers, young families, or investors. Enjoy a stylishly updated kitchen with quartz countertops, new appliances, and a cozy breakfast nook, flowing into a sun-filled living space that opens to your own private, fully fenced yard-ideal for relaxing or entertaining. Upstairs features two spacious, light-filled bedrooms and a refreshed bathroom. Conveniently located just steps to schools, shopping, transit, and major routes, making daily living and commuting effortless.

Property details

Type: Townhouse, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 1,020 sq ft
Parking: 1
Year built: 1976
Property tax: $2,226 / yr
Strata fee: $367 / mo ($0.36 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 200
MLS®: R3102365

Features

Pets Allowed With Restrictions

Price check

Above typical for the area (+8.7%)

2026 assessment: $491,400 · asking is +14%
Price per sq ft: $547 vs $503 median for townhouses in Surrey for sale (867)
Last sold: $585,000 · Feb 14, 2024

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 200 days · no price changes so far

The market here

Listed now: 51 days; median for 881 townhouses for sale; this one 200 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$491,400	$1,684
2025	$528,800	$1,644

Estimated tax up 2.4% from 2025 to 2026.

The listing shows $2,226 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

$2,983/mo

Mortgage $2,431 · Tax $185 · Strata $367

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

estimated payment

$2,431/ monthly

loan $446,400

25-year amortization

down payment20% · $111,60020%+ 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: $282,946
property transfer tax: $9,160; BC general rate
cash to close: $120,760; down + PTT
total paid: $729,346

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: −$1,436/mo
Cap rate: 2.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,431 · tax $185 · strata $367 · insurance ~$175 · 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: 63,142 m² (679,654 sq ft) · PID 001-432-915. 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 Bear Creek Elementaryhomes in this catchment
1.2 km away · 13780 80 Ave, Surrey · 604-594-7501
Secondary Frank Hurt Secondaryhomes in this catchment
500 m away · 13940 77 Ave, Surrey · 604-590-1311

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

Rezoning for a 5 storey, 115 unit building
160 m away · 2023 · conditionally approved
Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Multiple Residential 70 Zone (RM-70); Subdivision (consolidation) of four (4) lots into one (1); Official Community Plan (OCP) Amendment from Urban to Multiple Residential and increase in permitted density from 1.5 FAR to 2.4 FAR; Development Permit to permit the development of a five-storey residential buil

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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