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$1,450,000

8863 KING GEORGE BOULEVARD

Surrey · MLS® R3150237

14 bed · 7 bath · 5,344 sq ft · 8,266 sq ft lot · 7 parking

House · Single Family · built 2001 · 73 days on market

Listed by Jyotika Chhabra, RE/MAX Performance Realty

Realtor's description

DEVELOPMENT/INVESTMENT OPPORTUNITY - SUB-DIVIDABLE POTENTIAL Spacious 8,232 sq.ft. lot with 68 ft frontage and back alley access! Excellent holding property with strong rental income of $10K approx month. Prime location with major development in the area - UBC recently acquired 3 acres nearby for over $70 million. Close proximity to SFU and Kwantlen, with ongoing growth and infrastructure improvements. Secure this high-potential property now and benefit from future development upside.

Property details

Type: House, Single Family
Bedrooms: 14
Bathrooms: 7
Living area: 5,344 sq ft
Lot: 8,266 sq ft
Parking: 7
Year built: 2001
Property tax: $9,493 / yr
Days on market: 73
MLS®: R3150237

Features

Washer
Refrigerator
Dishwasher
Stove
Dryer

Floor plans

Found among the listing photos.

Price check

2026 assessment: $1,788,000 · asking is -19%
Price per sq ft: $271 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 73 days · no price changes so far

The market here

Listed now: 64 days; median for 1906 houses for sale; this one 73 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,788,000	$6,128

The listing shows $9,493 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

$7,109/mo

Mortgage $6,318 · Tax $791

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

estimated payment

$6,318/ monthly

loan $1,160,000

25-year amortization

down payment20% · $290,00020%+ 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: $735,253
property transfer tax: $27,000; BC general rate
cash to close: $317,000; down + PTT
total paid: $1,895,253

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: 769 m² (8,277 sq ft) · PID 009-810-790. 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 Cindrich Elementaryhomes in this catchment
400 m away · 13455 90 Ave, Surrey · 604-590-3211
Secondary Queen Elizabeth Secondaryhomes in this catchment
1.2 km away · 9457 King George Blvd, Surrey · 604-588-1258

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
360 m away · 2024 · concluded
Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Child Care Zone (CCR) to allow a standalone child care centre up to a maximum of 16 children in an existing single family dwelling.

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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