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$849,000

40 8358 121A STREET

Surrey · MLS® R3125902

All units at 8358 121a St →

5 bed · 4 bath · 2,332 sq ft · 2 parking

Townhouse · Single Family · built 2008 · 141 days on market

Listed by Aman Nanda, Century 21 Coastal Realty Ltd.

Realtor's description

Welcome to Kennedy Trail, where this Half Duplex Style Townhome Unit is situated. This residence offers an impressive 5 bedrooms, 4 bathrooms, and over 2300+ sqft of living space. Upstairs, you'll find 3 bedrooms along with a versatile room on the main floor that can serve as either a bedroom or an office. The lower level features a generously sized bedroom with its own living area and a separate entrance. The spacious open-concept kitchen boasts granite countertops, a pantry, and stainless-steel appliances. There's even the possibility of having a guest suite for entertainment or potential rental if approved by the strata. Enjoy the comfort of geothermal heating and cooling (A/C), along with a double garage with side-by-side parking. The property also offers a substantial fenced backy

Property details

Type: Townhouse, Single Family
Bedrooms: 5
Bathrooms: 4
Living area: 2,332 sq ft
Parking: 2
Year built: 2008
Property tax: $3,612 / yr
Strata fee: $434 / mo ($0.19 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 141
MLS®: R3125902

Features

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

Price check

Below typical for the area (-28%)

2026 assessment: $932,000 · asking is -8.9%
Price per sq ft: $364 vs $503 median for townhouses in Surrey for sale (867)

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 141 days · no price changes so far

The market here

Listed now: 51 days; median for 881 townhouses for sale; this one 141 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$932,000	$3,194

The listing shows $3,612 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

$4,434/mo

Mortgage $3,699 · Tax $301 · Strata $434

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

estimated payment

$3,699/ monthly

loan $679,200

25-year amortization

down payment20% · $169,80020%+ 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: $430,503
property transfer tax: $14,980; BC general rate
cash to close: $184,780; down + PTT
total paid: $1,109,703

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: −$2,809/mo
Cap rate: 1.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,699 · tax $301 · strata $434 · 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: 14,049 m² (151,222 sq ft) · PID 027-826-953. 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
300 m away · 8305 122a St, Surrey · 604-590-1198
Secondary L.A. Matheson Secondaryhomes in this catchment
2.3 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
310 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
210 m away · 2024 · conditionally approved
Rezoning from Acreage Residential Zone (RA) to Comprehensive Development Zone (CD) (based on (Neighbourhood Commercial Zone); Development Variance Permit (a) in Section D Table D.1 of Part 5 Off-Street Parking and Loading/Unloading reduce the minimum number of required parking spaces from 12 to 9; and b) in Section D.2 of Part 5 Off-Street Parking and Loading/Unloading the maximum percentage of sh

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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