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$499,000

303 8115 121A STREET

Surrey · MLS® R3133369

All units at 8115 121a St →

2 bed · 2 bath · 845 sq ft · 1 parking

Condo · Single Family · built 1999 · 123 days on market

Listed by Dillon Amarasinghe, Stonehaus Realty Corp.

Realtor's description

WELL BELOW ASSESSED VALUE!! This renovated 845 sqft southeast-facing corner unit in prime Queen Mary Park offers 2 bedrooms & 2 bathrooms with a bright open-concept layout that feels like a new home. Upgrades = modern kitchen with quartz countertops, new sink, stainless steel appliances, accent walls, crown moulding throughout, contemporary & LED lighting. The spacious primary features a walk-in closet & full ensuite. Enjoy a quiet corner balcony overlooking peaceful treed courtyard views. Includes in-suite laundry, one underground parking stall, & a huge storage locker. Building amenities include a guest suite for family & friends & a recreation room for gatherings close to home. Well-managed strata with fees covering SO MUCH! Move-in ready near transit, shopping, schools & parks.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 845 sq ft
Parking: 1
Year built: 1999
Property tax: $2,184 / yr
Strata fee: $432 / mo ($0.51 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 123
MLS®: R3133369

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

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-12%)

2026 assessment: $514,000 · asking is -2.9%
Price per sq ft: $591 vs $671 median for condos in Surrey for sale (999)
Last sold: $515,000 · Nov 27, 2023

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 123 days · no price changes so far

The market here

Listed now: 59 days; median for 1069 condos for sale; this one 123 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$514,000	$1,762

The listing shows $2,184 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

$2,788/mo

Mortgage $2,174 · Tax $182 · Strata $432

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

estimated payment

$2,174/ monthly

loan $399,200

25-year amortization

down payment20% · $99,80020%+ 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: $253,029
property transfer tax: $7,980; BC general rate
cash to close: $107,780; down + PTT
total paid: $652,229

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: −$1,101/mo
Cap rate: 2.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,174 · tax $182 · strata $432 · 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: 3,061 m² (32,948 sq ft) · PID 024-485-209. 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 Kennedy Trail Elementaryhomes in this catchment
500 m away · 8305 122a St, Surrey · 604-590-1198
Secondary L.A. Matheson Secondaryhomes in this catchment
2.8 km away · 9484 122 St, Surrey · 604-588-3418

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 6 storey, 53 unit building
290 m away · 2025 · under review
Rezoning from C-8 to CD (Based on RM-70 C-5); OCP Text Amendment from 1.5 FAR to 2.47 FAR; Subdivision Consolidation from 2 lots to 1 lot; Form Character Development Permit to permit one six storey apartment building with 53 residential units and 1 823.29 sq. m of commercial space.
Rezoning
270 m away · 2025 · concluded
Rezoning amendment to Comprehensive Development Zone (CD) Bylaw no. 16429 to permit the use of an eating establishment within an existing commercial service building

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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