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$1,489,000

8569 141A STREET

Surrey · MLS® R3160867

5 bed · 4 bath · 4,026 sq ft · 7,119 sq ft lot · 6 parking

House · Single Family · built 1992 · 37 days on market

Listed by Jyotika Chhabra, RE/MAX Performance Realty

Realtor's description

This stunning three-level home in the heart of Bear Creek is ideal for family living. Boasting a spacious layout of over 4,000 square feet, it features a well-maintained interior, a private backyard with serene views, and is centrally located close to both the Gurudwara Sahib and Mandir. Additionally, it's just a short walk to the nearby elementary school, making this an ideal home for raising a family in a safe and convenient neighborhood. The home also includes a basement suite-perfect as a mortgage helper. With its easy-to-show accessibility and thoughtful design, this is the perfect home for families looking to settle into a vibrant, well-connected community.

Property details

Type: House, Single Family
Bedrooms: 5
Bathrooms: 4
Living area: 4,026 sq ft
Lot: 7,119 sq ft
Parking: 6
Year built: 1992
Days on market: 37
MLS®: R3160867

Features

Washer
Refrigerator
Central Vacuum
Dishwasher
Stove
Dryer

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-30%)

2026 assessment: $1,567,000 · asking is -5.0%
Price per sq ft: $370 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 37 days · no price changes so far

The market here

Listed now: 64 days; median for 1906 houses for sale; this one 37 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,567,000	$5,371

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

$6,487/mo

Mortgage $6,487

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$6,487/ monthly

loan $1,191,200

25-year amortization

down payment20% · $297,80020%+ 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: $755,029
property transfer tax: $27,780; BC general rate
cash to close: $325,580; down + PTT
total paid: $1,946,229

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: $5,189/mo; vs $6,662 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $6,487 · 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: 660 m² (7,104 sq ft) · PID 016-332-733. 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 Brookside Elementaryhomes in this catchment
300 m away · 8555 142a St, Surrey · 604-596-8561
Secondary Enver Creek Secondaryhomes in this catchment
900 m away · 14505 84 Ave, Surrey · 604-543-8149

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
320 m away · 2024 · concluded
Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Child Care Zone (CCR) to allow a child care centre for up to 25 children within an existing single-family dwelling 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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