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$839,000

54 8428 VENTURE WAY

Surrey · MLS® R3108195

3 bed · 3 bath · 1,714 sq ft · 2 parking

Townhouse · Single Family · built 1994 · 185 days on market

Listed by Maddie Chen, RE/MAX Crest Realty

Realtor's description

Welcome to Summerwood, ideally located in the heart of Fleetwood! This freshly painted and well maintained townhome is an end unit with tons of natural light, featuring 3 large bedrooms including a spacious primary suite with a walk-in closet and a luxurious ensuite with a massive walk-in shower. The main level features open concept kitchen, spacious living and dining room and a cozy gas fireplace. Step out from the living room to an outdoor patio pavers-perfect for BBQs. Both elementary and secondary schools within walking distance as well as shopping, public transit, library, parks and recreation nearby. Fleetwood Secondary school and Walnut Road Elementary are in the catchment. The clubhouse has exercise room and party room with full kitchen. Call for your private showing today!

Property details

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 1,714 sq ft
Parking: 2
Year built: 1994
Property tax: $3,728 / yr
Strata fee: $429 / mo ($0.25 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 185
MLS®: R3108195

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

Features

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

Price check

Typical for the area (-2.7%)

2026 assessment: $861,000 · asking is -2.6%
Price per sq ft: $489 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 185 days · no price changes so far

The market here

Listed now: 51 days; median for 881 townhouses for sale; this one 185 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$861,000	$2,951
2025	$914,000	$2,841

Estimated tax up 3.9% from 2025 to 2026.

The listing shows $3,728 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

$4,395/mo

Mortgage $3,655 · Tax $311 · Strata $429

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

estimated payment

$3,655/ monthly

loan $671,200

25-year amortization

down payment20% · $167,80020%+ 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: $425,433
property transfer tax: $14,780; BC general rate
cash to close: $182,580; down + PTT
total paid: $1,096,633

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: −$2,770/mo
Cap rate: 1.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,655 · tax $311 · strata $429 · 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: 18,048 m² (194,267 sq ft) · PID 018-768-491. 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 Walnut Road Elementaryhomes in this catchment
900 m away · 16152 82 Ave, Surrey · 604-572-6617
Secondary Fleetwood Park Secondaryhomes in this catchment
1.1 km away · 7940 156 St, Surrey · 604-597-2301

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.

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