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$814,999

37 12830 62 AVENUE

Surrey · MLS® R3159535

3 bed · 3 bath · 1,311 sq ft · 2 parking

Townhouse · Single Family · built 2022 · 38 days on market

Listed by Sukh Mann, Sutton Premier Realty

Realtor's description

Welcome to NORA, a boutique collection of only 42 townhomes ideally located in the heart of Panorama Ridge! This beautiful, well-maintained corner-unit 3-storey home offers a bright and spacious open-concept layout with 3 bedrooms upstairs, 2.5 bathrooms, and a versatile den on the ground level. The main floor features a convenient powder room, while the spacious double side-by-side garage provides excellent parking and storage and built-in EV Charger For You EV Car. Pride of ownership is evident throughout. Enjoy being within walking distance to schools, parks and recreation for the whole family, while a short drive takes you to plentiful shops, restaurants and all life's essentials. A fantastic opportunity to own a beautiful home in a highly convenient and family-friendly community!

Property details

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 1,311 sq ft
Parking: 2
Year built: 2022
Property tax: $3,224 / yr
Strata fee: $336 / mo ($0.26 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 38
MLS®: R3159535

Features

Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Washer
Refrigerator
Dishwasher
Stove

Price check

Above typical for the area (+24%)

2026 assessment: $780,000 · asking is +4.5%
Price per sq ft: $622 vs $503 median for townhouses in Surrey for sale (868)
Last sold: $892,500 · Jan 24, 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 38 days · no price changes so far

The market here

Listed now: 51 days; median for 882 townhouses for sale; this one 38 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$780,000	$2,673

The listing shows $3,224 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

$4,156/mo

Mortgage $3,551 · Tax $269 · Strata $336

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

estimated payment

$3,551/ monthly

loan $651,999

25-year amortization

down payment20% · $163,00020%+ 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: $413,263
property transfer tax: $14,300; BC general rate
cash to close: $177,300; down + PTT
total paid: $1,065,262

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: $1,956/mo
After all costs: −$2,531/mo
Cap rate: 1.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,551 · tax $269 · strata $336 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ 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: 6,120 m² (65,875 sq ft) · PID 031-776-787. 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 Panorama Park Elementaryhomes in this catchment
0 m away · 12878 62 Ave, Surrey · 604-596-0963
Secondary Panorama Ridge Secondaryhomes in this catchment
900 m away · 13220 64 Ave, Surrey · 604-595-8890

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
340 m away · 2023 · conditionally approved
Rezoning from Acreage Residential Zone (RA) to Semi-Detached Residential Zone (R6); Neighbourbood Concept Plan (NCP) Amendment to introduce Urban Residential 10-15 u.p.a. as a new land use designation and an amendment from Single Family to Urban Residential 10-15 u.p.a; Development Variance Permit to permit subdivision into 10 semi-detached residential lots.

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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