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$450,000

408 10788 139 STREET

Surrey · MLS® R3163463

2 bed · 1 bath · 815 sq ft · 1 parking

Condo · Single Family · built 2007 · 26 days on market

Listed by Jamie Schreder, Royal LePage - Wolstencroft

Experience the pinnacle of urban living in this stunning corner-unit penthouse. This 2 bed, 1 bath condo is a true gem, bathed in a natural light from the massive floor-to-ceiling windows. The soaring 14-foot ceilings create an immediate sense of grandeur and airiness rarely found in condo living. At the heart of the home, a spacious kitchen features modern finishes and a seamless flow into the living area, perfect for entertaining. Step outside to your private patio to enjoy the fresh air. Situated within walking distance to top-rated schools, lush parks, and major transit, this home offers unparalleled convenience. Penthouse corner units with these features are a rare find, don't miss your chance to secure the top floor lifestyle.

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 815 sq ft
Parking: 1
Year built: 2007
Property tax: $1,971 / yr
Strata fee: $505 / mo ($0.62 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed
Days on market: 26
MLS®: R3163463

Below typical for the area (-18%)

2026 assessment: $414,000 · asking is +8.7%
Price per sq ft: $552 vs $671 median for condos in Surrey for sale (1003)

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.

Pets Allowed With Restrictions
Rentals Allowed
Washer
Refrigerator
Dishwasher
Stove

On market 26 days

Listed now: 63 days; median for 998 condos for sale; this one 26 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

Catchment schools, Surrey School District 36

Elementary Forsyth Road Elementaryhomes in this catchment
100 m away · 10730 139 St, Surrey · 604-588-8394
Secondary Kwantlen Park Secondaryhomes in this catchment
1.6 km away · 10441 132 St, Surrey · 604-588-6934

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.

$2,630/mo

Mortgage $1,961 · Tax $164 · Strata $505

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

estimated payment

$1,961/ monthly

loan $360,000

25-year amortization

down payment20% · $90,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $228,182
property transfer tax: $7,000; BC general rate
cash to close: $97,000; down + PTT
total paid: $588,182

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.

Rent: $1,872/mo
After all costs: −$942/mo
Cap rate: 2.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,961 · tax $164 · strata $505 · 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

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