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$1,399,900

6074 188 STREET

Surrey · MLS® R3154557

5 bed · 3 bath · 2,460 sq ft · 7,097 sq ft lot · 4 parking

House · Single Family · built 1988 · 57 days on market

Listed by Karm Tatla, YPA Your Property Agent

Realtor's description

BEST VALUE IN CLOVERDALE. Massive Renovation + Unbeatable Potential! This meticulously updated 5 Bed + Large Den/Office home is priced to sell, offering you instant equity in one of Surrey's most popular neighborhoods! Open-concept Main floor with stunning exposed beams and a chef-inspired kitchen. Includes 3 large BEDs and 2 Full baths. The Ultimate Mortgage Helper: Huge lower level with a cozy fireplace and 2 separate ground-level entrances. Has a 2 BED Ground level Bsmt suite w/ its own Laundry and a Den/Office for Upstairs use. Breathtaking Mt. Baker Views: Enjoy your morning coffee on the large vinyl deck overlooking a private, eastern-exposed backyard. Clayton Heights Secondary & Latimer Road Elementary Catchment.

Property details

Type: House, Single Family
Bedrooms: 5
Bathrooms: 3
Living area: 2,460 sq ft
Lot: 7,097 sq ft
Parking: 4
Year built: 1988
Property tax: $6,373 / yr
Days on market: 57
MLS®: R3154557

Features

Washer
Refrigerator
Dishwasher
Stove
Dryer

Floor plans

Found among the listing photos.

Price check

Typical for the area (+7.0%)

2026 assessment: $1,339,000 · asking is +4.5%
Price per sq ft: $569 vs $532 median for houses in Surrey for sale (1855)

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 57 days · no price changes so far

The market here

Listed now: 64 days; median for 1901 houses for sale; this one 57 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,339,000	$4,589

The listing shows $6,373 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

$6,630/mo

Mortgage $6,099 · Tax $531

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

estimated payment

$6,099/ monthly

loan $1,119,920

25-year amortization

down payment20% · $279,98020%+ 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: $709,849
property transfer tax: $25,998; BC general rate
cash to close: $305,978; down + PTT
total paid: $1,829,769

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: $5,331/mo; vs $6,805 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $6,099 · tax $531 · 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: 710 m² (7,642 sq ft) · PID 014-727-340. 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 Latimer Road Elementaryhomes in this catchment
900 m away · 19233 60 Ave, Surrey · 604-576-9184
Secondary Clayton Heights Secondaryhomes in this catchment
1.7 km away · 7003 188 St, Surrey · 604-576-4138

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 4 homes
260 m away · 2025 · concluded
Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Urban Residential Zone (R3) to allow a duplex as a principal use within a Transit Orientated Area and allow up to four units on the lot.

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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