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$1,799,900

5826 138 STREET

Surrey · MLS® R3169341

9 bed · 8 bath · 4,796 sq ft · 5,033 sq ft lot · 5 parking

House · Single Family · built 2024 · 15 days on market

Listed by Gurinder Cheema, RE/MAX Performance Realty

Realtor's description

Newly Built one-of-a-kind custom-built home in the highly demanding area of PANORAMA RIDGE! Sits on a 5033 sqft LOT and offers almost 4800 sqft of living space featuring 9 bedrooms, 8 baths, 2 basement suites (2+2) as great mortgage helpers! Main floor features an unique concept layout with high quality flooring, RADIANT heat, high ceilings, a gourmet kitchen consisting of SS appliances, spice kitchen, quartz counters, beautiful custom staircase, powder room and a full master bedroom w/ ensuite & walk-in closet. Upstairs features another master bedroom, a large walk-in closet, 5 piece ensuite, and 3 more large bedrooms with 3 ensuite washrooms. Basement floor offers, a 2-bedroom & another 2-bedroom suite w/ separate entry.

Property details

Type: House, Single Family
Bedrooms: 9
Bathrooms: 8
Living area: 4,796 sq ft
Lot: 5,033 sq ft
Parking: 5
Year built: 2024
Property tax: $6,145 / yr
Days on market: 15
MLS®: R3169341

Features

Washer
Refrigerator
Dishwasher
Stove
Dryer
Microwave

Price check

Below typical for the area (-29%)

2026 assessment: $1,924,000 · asking is -6.5%
Price per sq ft: $375 vs $532 median for houses in Surrey for sale (1849)

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 15 days · no price changes so far

The market here

Listed now: 64 days; median for 1905 houses for sale; this one 15 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,924,000	$6,594

The listing shows $6,145 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

$8,354/mo

Mortgage $7,842 · Tax $512

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

estimated payment

$7,842/ monthly

loan $1,439,920

25-year amortization

down payment20% · $359,98020%+ 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: $912,678
property transfer tax: $33,998; BC general rate
cash to close: $393,978; down + PTT
total paid: $2,352,598

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: $7,055/mo; vs $8,529 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $7,842 · tax $512 · 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: 467 m² (5,027 sq ft) · PID 028-103-564. 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 North Ridge Elementaryhomes in this catchment
1.0 km away · 13460 62 Ave, Surrey · 604-599-3900
Secondary Panorama Ridge Secondaryhomes in this catchment
1.6 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 for 34 homes
170 m away · 2024 · conditionally approved
Rezoning from Suburban Residential Zone (R1) to Multiple Residential 30 Zone (RM-30); Subdivision (Consolidation) from three (3) lots into one (1) lot; Development Variance Permit (a) to reduce the minimum side yard (west) setback of the RM-30 Zone for Buildings 1 2 and 3 from 6.0 metres to 3.0 metres to the principal building face; (b) to permit that upper storey projecting wall elements on Build
Rezoning
370 m away · 2026 · under review
Rezoning from R1 to R2 for the subdivision of 1 into 2 lots OCP Amendment from Suburban I to Urban I

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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