8962 151 STREET

Surrey · MLS® R3172624

7,240 sq ft lot

Land · Vacant Land · 3 days on market

Listed by Raymond Leung, RE/MAX City Realty

Realtor's description

Must See! Approx. 7,240 SqFt rectangle lot with approx. 1,936 SqFt single family in Surrey Beer Creek Green Timber area. Month to Month tenant with approx. $2,600/month gross rent income. Potential to land assemble with neighbours for 3.15 Acres development site. Under Fleetwood NCP and 200m tier of 152nd Skytrain Station, potential for 5 FAR mixed-use high-rise development, directly facing the future 152 Street SkyTrain Station. Walking distance to Fleetwood Village plaza and Evergreen Mall. A rare opportunity for investors or developers who are looking for development land in the heart of Surrey. Don't hesitate, call now.

Property details

Type: Land, Vacant Land
Lot: 7,240 sq ft
Parking: 0
Property tax: $7,755 / yr
Days on market: 3
MLS®: R3172624

Property insights

On market 3 days

The market here

Listed now: 105 days; median for 207 homes for sale; this one 3 days

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

Monthly cost

$19,573/mo

Mortgage $18,926 · Tax $646

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

estimated payment

$18,926/ monthly

loan $3,475,200

25-year amortization

down payment20% · $868,80020%+ 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: $2,202,717
property transfer tax: $135,200; BC general rate
cash to close: $1,004,000; down + PTT
total paid: $5,677,917

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: 673 m² (7,244 sq ft) · PID 002-079-950. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

SurreyGoogle Maps ↗

Drive times

Surrey Christian Secondary2 min
Berkshire Park Elementary3 min
Surrey Memorial Hospital8 min
Simon Fraser University Surrey Campus10 min
YVR airport37 min
Downtown Vancouver39 min

Walkability 86/100 · Very walkable: most errands on foot

Within a 10 minute walk: 4 grocery stores, 14 places to eat or drink, 2 cafes, 8 parks and playgrounds, 2 pharmacies, 21 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

Location

SurreyGoogle Maps ↗

Schools

Catchment schools, Surrey School District 36

Elementary Green Timbers Elementaryhomes in this catchment
1.4 km away · 8824 144 St, Surrey · 604-588-5961
Secondary Enver Creek Secondaryhomes in this catchment
1.6 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 for a 48 storey, 589 unit building
280 m away · 2023 · under review
Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Multiple Residential 135 Zone RM-135) Community Commercial Zone (C-8); Subdivision (Consolidation) from five (5) lots into one (1) lot; Official Community Plan (OCP) Amendment from Urban to Multiple Residential and to allow a higher density in the Multiple Residential designation; Town Centre Plan (TCP) Amen
Rezoning for a 22 storey, 172 unit building
320 m away · 2023 · under review
Official Community Plan amendment from Urban to Multiple Residential Neighbourhood Concept Plan amendment to increase density Rezone from RF to CD (based on RM-135) General Development Permit for Form Character and consolidation of four lots into one lot to allow for a 22 storey tower with 172 residential units.
Rezoning for 60 homes
60 m away · 2017 · under review
Rezoning from C-8 to CD (based on RM-70) OCP Amendment from Urban to Multi-Residential and a Development Permit to allow for the construction of two (2) apartment buildings (65 60 units)
Rezoning
100 m away · 2025 · concluded
Rezoning from Community Commercial Zone (C-8) to Comprehensive Development Zone (CD) (based on Community Commercial Zone (C-8); Liquor and Cannabis Regulation Branch Recommendation to permit a cannabis retail store in an existing commercial retail unit.
Rezoning
250 m away · 2026 · under review
Rezoning for Comprehensive Development (CD) BL14178 zone to CD (Based on CG-2); Form Character Development Permit to permit a 242 sq. m convenience store proposed self service gas station and retain existing carwash.

And 1 smaller application nearby.

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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