3055 140 Street

1 / 14

$7,990,000

3055 140 Street

Surrey · MLS® R3175474

7610

6,636 sq ft · 106,725 sq ft lot · House · Single Family · built 1973 · 13 days on market

listed by Qi Yang, Sutton Group-West Coast Realty (Surrey/24)

realtor's description

Investor/Developer Alert! Rare 2.45-acre flat, cleared property in prestigious Elgin Chantrell, extending from 140 Street to 139 Street. The solid, partially updated home (2015) offers 7 bedrooms and 6 bathrooms, complemented by a detached 5-car garage, an additional rear garage and ample storage, providing excellent holding value. Proposed rezoning from RA to R2 and subdivision into 8 residential lots, each approx. 10,021 sqft, with potential for single-family homes or multiplex development. Current Planning Status: Third Reading. An exceptional investment opportunity in one of South Surrey's most desirable neighbourhoods. Call for details!

property details

type: House, Single Family
bedrooms: 7
bathrooms: 6
living area: 6,636 sq ft
lot: 106,725 sq ft
parking: 10
year built: 1973
property tax: $30,295 / yr
days on market: 13
MLS®: R3175474

features

Washer
Refrigerator
Dishwasher
Stove
Dryer

the market here

listed now: 68 days; median for 1881 houses for sale; this one 13 days

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

property tax by year

year	assessed	est. tax
2026	$5,797,000	$19,868

The listing shows $30,295 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

$37,336/mo

Mortgage $34,812 · Tax $2,525

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

estimated payment

$34,812/ monthly

loan $6,392,000

25-year amortization

down payment20% · $1,598,00020%+ down: no mortgage insuranceinterest rate4.34%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: $4,051,499
property transfer tax: $317,500; BC general rate
cash to close: $1,915,500; down + PTT
total paid: $10,443,499

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.