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$4,800,000

2891 138 STREET

Surrey · MLS® R3166324

7 bed · 8 bath · 8,907 sq ft · 32,422 sq ft lot · 10 parking

House · Single Family · built 2015 · 22 days on market

Listed by Will Deng, Parallel 49 Realty

Realtor's description

Luxurious estate in South Surrey's prestigious Elgin Chantrell neighbourhood, set on an expansive 0.74-acre (32,421 sq. ft.) lot backing onto a peaceful greenbelt and ravine. Spanning nearly 8,900 sq. ft. of finely crafted living space, this home offers 7 bedrooms, 8 bathrooms, radiant in-floor heating, central A/C, six natural gas fireplaces, and a private elevator for complete convenience. The gourmet main kitchen comes equipped with a premium Miele appliance package alongside a separate wok/spice kitchen, while resort-style amenities include a sauna, gym, wine cellar, hot tub, media room, and games room. Highlights also include an additional 980 sq. ft. self-contained coach house and a triple garage, delivering unmatched space, privacy, and sophistication in a tranquil setting.

Property details

Type: House, Single Family
Bedrooms: 7
Bathrooms: 8
Living area: 8,907 sq ft
Lot: 32,422 sq ft
Parking: 10
Year built: 2015
Property tax: $19,379 / yr
Days on market: 22
MLS®: R3166324

Features

Washer
Refrigerator
Hot Tub
Central Vacuum
Dishwasher
Wine Fridge

Price check

Typical for the area (+1.5%)

2026 assessment: $4,287,000 · asking is +12%
Price per sq ft: $539 vs $531 median for houses in Surrey for sale (1877)

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 22 days · no price changes so far

The market here

Listed now: 64 days; median for 1936 houses for sale; this one 22 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$4,287,000	$14,693

The listing shows $19,379 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

$22,528/mo

Mortgage $20,913 · Tax $1,615

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

estimated payment

$20,913/ monthly

loan $3,840,000

25-year amortization

down payment20% · $960,00020%+ 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: $2,433,942
property transfer tax: $158,000; BC general rate
cash to close: $1,118,000; down + PTT
total paid: $6,273,942

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

Suite rent: $1,602/mo
Your cost after the suite: $21,229/mo; vs $22,703 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $20,913 · tax $1,615 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) 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

Lot outline: 3,012 m² (32,421 sq ft) · PID 012-040-479. 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 Chantrell Creek Elementaryhomes in this catchment
700 m away · 2575 137 St, Surrey · 604-535-6708
Secondary Elgin Park Secondaryhomes in this catchment
1.2 km away · 13484 24 Ave, Surrey · 604-538-6678

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
60 m away · 2025 · conditionally approved
Local Area Plan (LAP) amendment from One Acre to Half-acre Gross Density; Rezoning from Acreage Residential Zone (RA) to Suburban Residential Zone (R1) to allow subdivision from one (1) lot into two (2) half-acre residential lots
Rezoning
100 m away · 2025 · conditionally approved
Local Area Plan (LAP) amendment from One Acre to Half-acre Gross Density; Rezoning from Acreage Residential Zone (RA) to Suburban Residential Zone (R1) to allow subdivision into one (1) lot into two (2) half-acre residential lots.
Rezoning
150 m away · 2025 · conditionally approved
Rezoning from Acreage Residential Zone (RA) to Suburban Residential Zone (R1); Central Semiahmoo Peninsula Local Area Plan to redesignate the land from One Acre to Half-acre Gross Density to allow subdivision from one (1) lot into two (2) suburban residential lots. Minor RC Amendment: Tree Protection Covenant CA4923693.

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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