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$2,888,000

5573 125A STREET

Surrey · MLS® R3166696

5 bed · 7 bath · 4,600 sq ft · 11,107 sq ft lot · 8 parking

House · Single Family · built 2023 · 22 days on market

Listed by Andy Lail, Planet Group Realty Inc.

Realtor's description

Located in desirable Panorama Ridge, this custom home offers an open-concept main floor with a grand entry, formal living and dining areas with wine rack, spacious family room with vaulted ceilings, stunning floating staircase, gourmet kitchen plus spice kitchen, mudroom with sink, and an office with full bath and separate entrance. Includes a legal 2-bedroom suite. Upstairs features 3 large primary bedrooms with spa-inspired ensuites featuring soaker tubs and custom showers, a theatre room with wet bar, full bath, and huge deck. Situated on an 11,137 sq. ft. lot with a covered patio and spacious backyard, perfect for entertaining.

Property details

Type: House, Single Family
Bedrooms: 5
Bathrooms: 7
Living area: 4,600 sq ft
Lot: 11,107 sq ft
Parking: 8
Year built: 2023
Property tax: $10,137 / yr
Days on market: 22
MLS®: R3166696

Features

Washer
Refrigerator
Dishwasher
Stove
Range
Dryer

Price check

Above typical for the area (+18%)

2026 assessment: $2,415,000 · asking is +20%
Price per sq ft: $628 vs $531 median for houses in Surrey for sale (1877)

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 22 days · no price changes so far

The market here

Listed now: 64 days; median for 1936 houses for sale; this one 22 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$2,415,000	$8,277

The listing shows $10,137 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

$13,428/mo

Mortgage $12,583 · Tax $845

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

estimated payment

$12,583/ monthly

loan $2,310,400

25-year amortization

down payment20% · $577,60020%+ 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: $1,464,422
property transfer tax: $64,640; BC general rate
cash to close: $642,240; down + PTT
total paid: $3,774,822

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

Suite rent: $1,602/mo
Your cost after the suite: $12,129/mo; vs $13,603 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $12,583 · tax $845 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) 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

Lot outline: 1,036 m² (11,151 sq ft) · PID 008-757-445. 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 Colebrook Elementaryhomes in this catchment
200 m away · 5404 125a St, Surrey · 604-596-3221
Secondary Panorama Ridge Secondaryhomes in this catchment
2.2 km 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
80 m away · 2026 · conditionally approved
Rezoning from Suburban Residential Zone (R1) to Quarter Acre Residential Zone (R2); Official Community Plan (OCP) Amendment from Suburban I to Suburban II; Development Variance Permit for (a) in Section F.1 Yards and Setbacks of Part 14 Quarter Acre Residential Zone (R2) reduce the minimum side yard setback for single family dwelling from 2.4 metres to 1.8 metres on Lot A; Restrictive Covenant (RC

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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