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$1,295,000

7325 123 STREET

Surrey · MLS® R3135313

5 bed · 4 bath · 2,421 sq ft · 7,266 sq ft lot · 5 parking

House · Single Family · built 1986 · 118 days on market

Listed by Terry Sidhu, Century 21 Coastal Realty Ltd.

Realtor's description

Discover this spacious 5 bedroom, 3.5 bathroom single-family home in the heart of West Newton. Centrally located on a 7,266 sq. ft. lot, you're just minutes from Jamia Masjid, Khalsa School, Guru Nanak Gurudwara, and Strawberry Hills Mall. Enjoy convenient access to KPU, parks, and all amenities. With a generous layout, modern updates, and a welcoming atmosphere, this is a rare opportunity to own a family home in a prime location.

Property details

Type: House, Single Family
Bedrooms: 5
Bathrooms: 4
Living area: 2,421 sq ft
Lot: 7,266 sq ft
Parking: 5
Year built: 1986
Property tax: $5,920 / yr
Days on market: 118
MLS®: R3135313

Features

Washer
Refrigerator
Dishwasher
Stove
Dryer
Oven - Built-In

Floor plans

Found among the listing photos.

Price check

Typical for the area (+0.6%)

2026 assessment: $1,190,200 · asking is +8.8%
Price per sq ft: $535 vs $532 median for houses in Surrey for sale (1854)

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 118 days · no price changes so far

The market here

Listed now: 64 days; median for 1907 houses for sale; this one 118 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,190,200	$4,079

The listing shows $5,920 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

$6,136/mo

Mortgage $5,642 · Tax $493

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

estimated payment

$5,642/ monthly

loan $1,036,000

25-year amortization

down payment20% · $259,00020%+ 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: $656,657
property transfer tax: $23,900; BC general rate
cash to close: $282,900; down + PTT
total paid: $1,692,657

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.

Location

Lot outline: 675 m² (7,266 sq ft) · PID 003-343-146. 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 Strawberry Hill Elementaryhomes in this catchment
600 m away · 7633 124 St, Surrey · 604-596-5533
Secondary Princess Margaret Secondaryhomes in this catchment
1.2 km away · 12870 72 Ave, Surrey · 604-594-5458

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
200 m away · 2019 · under review
Rezoning from RA to RF Subdivision from one (1) to two (2) lots and a Development Variance Permit to vary lot width of proposed LT 1 from 15.0m to 13.1m and the side yard setbacks of proposed LT 1 2 from 1.8m to 1.2m
Rezoning
350 m away · 2024 · conditionally approved
Rezoning property from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Child Care Zone (CCR) to permit a childcare with up to 24 children within a single-family dwelling.
Rezoning
390 m away · 2022 · under review
Rezone from RF-SS to RF-13 Development Variance Permit to reduce lot widths and Subdivision into two (2) single family lots.

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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