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5 6588 188 Street
homes for sale · Surrey
5 6588 188 Street — photo 1 of 40
1 / 40
$774,900

5 6588 188 Street

Surrey · MLS® R3179321

434

1,973 sq ft · Townhouse · Single Family · built 2004 · 1 day on market

listed by Jas Randhawa, Sutton Premier Realty

realtor's description

Best Value in Cloverdale! Bright and spacious corner-unit duplex style townhome offering 4 beds, 3 baths and 1,973 sq ft of living space and a double garage, combining size, privacy and long-term potential. Immaculately kept and updated with newer flooring and bathrooms, heating & A/C, a functional layout, generous living areas, well-sized bedrooms and a walkout patio. Minutes from the planned future SkyTrain stations at 184 St (Hillcrest) and 192 St (Clayton), adding to the area's long-term appeal and connectivity. Well-run complex in a walkable neighbourhood close to schools, parks, shopping and transit. A great opportunity to own a spacious family home in a growing Cloverdale neighbourhood. NEW PRICE - CALL & VIEW TODAY!

property details

similar homes nearby

type
Townhouse, Single Family
bedrooms
4
bathrooms
3
living area
1,973 sq ft
parking
4
year built
2004
property tax
$3,722 / yr
strata fee
$509 / mo ($0.26 / sq ft)
strata rules
Pets Allowed With Restrictions, Rentals Allowed
days on market
1
MLS®
R3179321

features

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

monthly cost

$4,230/mo
Mortgage $3,410 · Tax $310 · Strata $509

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

estimated payment
$3,410/ monthly
loan $619,920
25-year amortization
total interest
$403,213
property transfer tax
$13,498
BC general rate
cash to close
$168,478
down + PTT
total paid
$1,023,133
transfer tax

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
$2,310/mo
after all costs
−$2,280/mo
cap rate
1.8%
yearly net rent ÷ price

Costs: mortgage $3,410 · tax $310 · strata $509 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Surrey: CMHC's average there ($1,956) raised by what new tenants pay against everyone in the Vancouver area, then down 3.5% 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

schools

Catchment schools, Surrey School District 36

  • Elementary Hillcrest Elementaryhomes in this catchment

    500 m away · 18599 65 Ave, Surrey · 604-575-1359

  • Secondary Salish Secondaryhomes in this catchment

    1.6 km away · 7278 184 St, Surrey · 604-235-9836

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.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Jas Randhawa
Sutton Premier Realty
call Jas · 604-816-4126
Powered by: REALTOR.ca

location

SurreyGoogle Maps ↗

property tax by year

yearassessedest. tax
2026$859,000$2,944
2025$912,000$2,835

Estimated tax up 3.8% from 2025 to 2026.

The listing shows $3,722 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.

development nearby

  • Rezoning

    240 m away · 2024 · concluded

    Rezoning Amendment to Existing CD Bylaw No. 15679 to accommodate a proposed office use (dental office) in Block A of the existing CD Zone.

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.

location

the building's lot: 9,555 m² (102,849 sq ft). from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

SurreyGoogle Maps ↗
Drive times
  • Hillcrest Elementary3 min
  • Clayton Heights Secondary3 min
  • Kwantlen Polytechnic University - Tech Campus6 min
  • Langley Memorial Hospital15 min
  • YVR airport48 min
  • Downtown Vancouver49 min
90

Walkability 90/100 · Very walkable: most errands on foot

Within a 10 minute walk: 2 grocery stores, 7 places to eat or drink, 2 cafes, 7 parks and playgrounds, 1 school, 1 pharmacy, 15 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

the market here

listed now
51 days
median for 873 townhouses for sale; this one 1 day

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

9 6299 144 Street, Surrey
Townhouse
$700,000
20% under assessed
9 6299 144 Street
Surreylisted today
listed by Coldwell Banker Universe Realty
4421,858 sq ft
MLS® R3179775
17 19477 72A Avenue, Surrey
open houseTownhouse
$769,900
17 19477 72A Avenue
Surreylisted today
listed by Royal LePage - Wolstencroft
33
76 7155 189 Street, Surrey
Townhouse
$629,888
76 7155 189 Street
Surrey3 days on market
listed by Woodhouse Realty
31
3808 10750 135A Street, Surrey
Condo
$639,000
3808 10750 135A Street
Surreylisted today
listed by Royal LePage Regency Realty
22
24 15550 89 Avenue, Surrey
Townhouse
$715,000
17% less per sq ft
24 15550 89 Avenue
Surrey44 days on market
listed by Century 21 Coastal Realty Ltd.
33
79 12711 64 Avenue, Surrey
Townhouse
$759,800
79 12711 64 Avenue
Surrey17 days on market
listed by Magsen Realty Inc.
32
3
1,519 sq ft
MLS® R3179538
2
1,213 sq ft
MLS® R3178335
1
815 sq ft
MLS® R3179928
2
1,717 sq ft
MLS® R3165497
2
1,531 sq ft
MLS® R3174955