310 8142 120A Street

Surrey · MLS® R3179977

all units at 8142 120a St →

111

683 sq ft · Condo · Single Family · built 1996 · listed today

listed by Cofa Tsui, Multiple Realty Ltd.

realtor's description

To be updated soon or please contact the listing agent.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 683 sq ft
parking: 1
year built: 1996
property tax: $1,933 / yr
strata fee: $314 / mo ($0.46 / sq ft)
days on market: 0
MLS®: R3179977

buying in a building from 1982 to 2000: what to read first

features

Washer
Refrigerator
Dishwasher
Stove
Dryer

the market here

listed now: 67 days; median for 1011 condos for sale; this one listed today

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

monthly cost

$2,231/mo

Mortgage $1,756 · Tax $161 · Strata $314

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

estimated payment

$1,756/ monthly

loan $319,200

25-year amortization

down payment20% · $79,80020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 30, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $207,616
property transfer tax: $5,980; BC general rate
cash to close: $85,780; down + PTT
total paid: $526,816

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.

if you rented it out

rent: $1,840/mo
after all costs: −$573/mo
cap rate: 3.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,756 · tax $161 · strata $314 · 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.

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: 3,766 m² (40,537 sq ft) · PID 018-414-320. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

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
2.7 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
200 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
260 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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