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$1,549,000

6129 126 STREET

Surrey · MLS® R3170512

8 bed · 7 bath · 3,405 sq ft · 20,010 sq ft lot · 10 parking

House · Single Family · built 1950 · 11 days on market

Listed by Chamkaur Gill, Sutton Group-West Coast Realty

Realtor's description

Subdividable Property over 20,000 Sq Feet 118 Ft wide development lot in Panorama ridge Large 10 bedroom & 6 bathroom home walking distance to schools and parks. Close to hwy with easy access. A extra large shop and huge outdoor parking for many cars. Private lot surrounded by mature hedges. A fantastic opportunity to build two a large new home or redevelop. 5 bedroom and 3 bathroom upstairs and 2 suites 2 bedroom each downstairs plus another 18x12 Bachelor suite. Almost 40 x 20 sed on the side rented separately.

Property details

Type: House, Single Family
Bedrooms: 8
Bathrooms: 7
Living area: 3,405 sq ft
Lot: 20,010 sq ft
Parking: 10
Year built: 1950
Property tax: $6,244 / yr
Days on market: 11
MLS®: R3170512

Features

Washer
Refrigerator
Dishwasher
Stove
Dryer

Price check

Below typical for the area (-14%)

2026 assessment: $1,250,000 · asking is +24%
Price per sq ft: $455 vs $531 median for houses in Surrey for sale (1878)

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 11 days · no price changes so far

The market here

Listed now: 64 days; median for 1937 houses for sale; this one 11 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,250,000	$4,284

The listing shows $6,244 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

$7,269/mo

Mortgage $6,749 · Tax $520

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

estimated payment

$6,749/ monthly

loan $1,239,200

25-year amortization

down payment20% · $309,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 10, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $785,453
property transfer tax: $28,980; BC general rate
cash to close: $338,780; down + PTT
total paid: $2,024,653

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: $5,970/mo; vs $7,444 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $6,749 · tax $520 · 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: 1,865 m² (20,075 sq ft) · PID 016-714-423. 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 Boundary Park Elementaryhomes in this catchment
600 m away · 12332 North Boundary Dr, Surrey · 604-543-8158
Secondary Tamanawis Secondaryhomes in this catchment
1000 m away · 12600 66 Ave, Surrey · 604-597-5234

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
230 m away · 2023 · conditionally approved
Rezoning from Acreage Residential Zone (RA) to Semi-Detached Residential Zone (R6); Neighbourbood Concept Plan (NCP) Amendment to introduce Urban Residential 10-15 u.p.a. as a new land use designation and an amendment from Single Family to Urban Residential 10-15 u.p.a; Development Variance Permit to permit subdivision into 10 semi-detached residential lots.
Rezoning
260 m away · 2024 · under review
Rezoning from One Acre Residential Zone (RA) to Single Family Residential Zone (RF); Subdivision from one (1) lot into four (4) lots; Neighbourhood Concept Plan (NCP) Amendment for a portion of the lot from Parks to Single Family (6 UPA); Development Variance Permit for lot width; Development Permit for three (3) Single Family lots and one (1) detention pond in a Sensitive Ecosystem (Green Infrast

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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