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$1,685,000

5858 138 STREET

Surrey · MLS® R3153385

8 bed · 7 bath · 3,801 sq ft · 6,620 sq ft lot · 6 parking

House · Single Family · built 2000 · 64 days on market

Listed by Uday Kinger, Nationwide Realty Corp.

Realtor's description

Welcome to this extensively renovated 8-bedroom, 7-bathroom executive home in highly desirable Panorama Ridge! This move-in-ready residence features a brand-new designer kitchen with quartz countertops, abundant cabinetry and premium stainless steel appliances, plus commercial-grade laminate flooring, new carpet, renovated bathrooms, fresh interior and exterior paint, and new fencing. Enjoy a spacious sundeck ideal for entertaining and relaxing. Two self-contained mortgage helpers-a 2-bedroom suite and a 1-bedroom suite-offer excellent income potential. Conveniently located near schools, parks, shopping, restaurants, recreation, transit and major routes. A rare opportunity offering modern style, generous space, flexibility and excellent value for a growing or multi-generational family!

Property details

Type: House, Single Family
Bedrooms: 8
Bathrooms: 7
Living area: 3,801 sq ft
Lot: 6,620 sq ft
Parking: 6
Year built: 2000
Property tax: $8,312 / yr
Days on market: 64
MLS®: R3153385

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-17%)

2026 assessment: $1,570,000 · asking is +7.3%
Price per sq ft: $443 vs $532 median for houses in Surrey for sale (1850)

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 64 days · no price changes so far

The market here

Listed now: 64 days; median for 1906 houses for sale; this one 64 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,570,000	$5,381

The listing shows $8,312 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

$8,034/mo

Mortgage $7,341 · Tax $693

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

estimated payment

$7,341/ monthly

loan $1,348,000

25-year amortization

down payment20% · $337,00020%+ 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: $854,415
property transfer tax: $31,700; BC general rate
cash to close: $368,700; down + PTT
total paid: $2,202,415

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: $6,735/mo; vs $8,209 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $7,341 · tax $693 · 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: 491 m² (5,285 sq ft) · PID 024-717-088. 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
1000 m away · 13460 62 Ave, Surrey · 604-599-3900
Secondary Panorama Ridge Secondaryhomes in this catchment
1.5 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 a 5 storey, 62 unit building
400 m away · 2023 · conditionally approved
Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Multiple Residential 70 Zone (RM-70) and Neighbourhood Commercial Zone (C-5); Official Community Plan (OCP) Amendment from Urban to Multiple Residential; Secondary Plan Amendment from Low Density Residential to Low Rise Mixed Use; Development Permit to permit development of a 5 storey mixed-use building cont
Rezoning for 34 homes
260 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

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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