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$1,449,000

8648 140 STREET

Surrey · MLS® R3170426

7 bed · 4 bath · 3,111 sq ft · 7,140 sq ft lot · 6 parking

House · Single Family · built 1991 · 7 days on market

Listed by Karamjit Singh, Planet Group Realty Inc.

Realtor's description

Welcome to this spacious 7-bedroom, 4-bathroom home offering approximately 3,200 sq. ft. of living space, built in 1991 and situated in the heart of Surrey's highly desirable Bear Creek Park area. The home features a 3-bedroom side suite with separate laundry. A bedroom and full bathroom on the main floor provide added convenience, while the home's layout offers beautiful open views toward the park. Recent updates include new windows, new flooring, fresh paint, and stucco exterior. The property also features a private, fully fenced yard and a rectangular lot with excellent potential. Future Duplex with laneway / Fourplex can be built as per New SSMUH. The lot and location may also be suitable for certain home-based or permitted business uses, such as daycare.

Property details

Type: House, Single Family
Bedrooms: 7
Bathrooms: 4
Living area: 3,111 sq ft
Lot: 7,140 sq ft
Parking: 6
Year built: 1991
Property tax: $4,384 / yr
Days on market: 7
MLS®: R3170426

Price check

Below typical for the area (-12%)

2026 assessment: $1,254,000 · asking is +16%
Price per sq ft: $466 vs $532 median for houses in Surrey for sale (1854)
Last sold: $1,325,000 · Apr 6, 2023

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 7 days · no price changes so far

The market here

Listed now: 64 days; median for 1908 houses for sale; this one 7 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,254,000	$4,298

The listing shows $4,384 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

$6,678/mo

Mortgage $6,313 · Tax $365

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

estimated payment

$6,313/ monthly

loan $1,159,200

25-year amortization

down payment20% · $289,80020%+ 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: $734,746
property transfer tax: $26,980; BC general rate
cash to close: $316,780; down + PTT
total paid: $1,893,946

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: $5,380/mo; vs $6,853 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $6,313 · tax $365 · 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 014-358-751. 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
600 m away · 8555 142a St, Surrey · 604-596-8561
Secondary Enver Creek Secondaryhomes in this catchment
1.1 km 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
240 m away · 2026 · concluded
Rezoning from Comprehensive Development Zone (CD) (By-law No. 12526) to Comprehensive Development Zone (CD) to permit additional uses and increase floor area within an existing mixed-use building.
Rezoning
340 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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