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$1,050,000

9689 131 STREET

Surrey · MLS® R3076288

5 bed · 2 bath · 1,716 sq ft · 6,739 sq ft lot · 6 parking

House · Single Family · built 1975 · 276 days on market

Listed by James Wang, eXp Realty

Realtor's description

Opportunity knocks! This half-duplex in Surrey's Cedar Hills neighborhood is perfect for investors or buyers looking for a renovation project. The home features a main living space upstairs and a separate 2-bedroom rental suite downstairs, offering great income potential. While the property requires significant updates, it provides a spacious layout with a private backyard. Located on a quiet street, close to schools, parks, transit, and shopping. With some TLC, this home could shine again. Priced to sell-bring your ideas and make it your own! THE OTHER HALF (9687 131 ST, R3076279) IS ALSO SELLING

Property details

Type: House, Single Family
Bedrooms: 5
Bathrooms: 2
Living area: 1,716 sq ft
Lot: 6,739 sq ft
Parking: 6
Year built: 1975
Property tax: $5,397 / yr
Days on market: 276
MLS®: R3076288

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+15%)

2026 assessment: $1,034,700 · asking is +1.5%
Price per sq ft: $612 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 276 days · no price changes so far

The market here

Listed now: 64 days; median for 1854 houses for sale; this one 276 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,034,700	$3,546

The listing shows $5,397 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

$5,024/mo

Mortgage $4,575 · Tax $450

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

estimated payment

$4,575/ monthly

loan $840,000

25-year amortization

down payment20% · $210,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 8, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $532,425
property transfer tax: $19,000; BC general rate
cash to close: $229,000; down + PTT
total paid: $1,372,425

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: 1,252 m² (13,476 sq ft) · PID 001-325-299. 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 A.H.P. Matthew Elementaryhomes in this catchment
500 m away · 13367 97 Ave, Surrey · 604-588-3415
Secondary Queen Elizabeth Secondaryhomes in this catchment
1.1 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 for 32 homes
240 m away · 2025 · under review
Rezoning from R3 to MR6-C Consolidation from two (2) to one (1) lot and a Development Permit to allow for 32 residential units and 379.19 sq. m. of commercial space; Development Variance Permit to reduce the side yard setbacks from 6.0m to 4.5m (west lot line) from 6.0m to 4.0m (east lot line).
Rezoning
280 m away · 2025 · conditionally approved
Rezoning from Local Commercial Zone (C-4) to Neighbourhood Commercial Zone (C-5) to permit a pharmacy and medical office on the ground floor of the existing building with a caretaker unit above. Development Variance Permit to reduce the rear yard setback from 7.5m to 3m.

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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