W111 13838 108 Avenue

rent

$1,840/mo

after all costs

−$472/mo

cap rate

3.7%

yearly net rent ÷ price

Costs: mortgage $1,655 · tax $162 · strata $313 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Surrey: CMHC's average there ($1,602) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Rapid transit: Gateway SkyTrain station, 900 m (about 14 min walk); Surrey Central SkyTrain station, 1.2 km (about 19 min walk).

• Rezoning for a 6 storey, 366 unit building

  90 m away · 2026 · conditionally approved

  Rezoning from Suburban Residential Zone (R1) and Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on RM-70); Subdivision (consolidation) from six (6) lots into one (1) lot; Development Permit to permit the development of 2 six-storey residential buildings containing 366 residential dwelling units and two levels of underground parking.

• Rezoning for a 34 storey, 312 unit building

  360 m away · 2025 · conditionally approved

  Rezoning from Community Commercial Zone (C8) to Comprehensive Development Zone (CD) (based on Multiple Residential Commercial 135 Zone (RM-135) Neighbourhood Commercial Zone (C-5); Subdivision (Consolidation) from five (5) lots into one (1) lot; Official Community Plan (OCP) Amendment to increase density from 3.5 FAR to 7.5 FAR; City Centre Plan Amendment from Mid Rise to High Rise; Development Pe

• Rezoning for a 6 storey, 121 unit building

  180 m away · 2024 · conditionally approved

  Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on RM-70); Subdivision (Consolidation) from four (4) lots into one (1) lot; Official Community Plan (OCP) Amendment to increase the maximum floor area ratio (FAR) from 2.5 to 2.6 in the Multiple Residential designation of the site; Neighbourhood Concept Plan (NCP) Amendment to the City Centre Plan from Low-Rise

• Rezoning for a 6 storey, 92 unit building

  320 m away · 2023 · conditionally approved

  Rezoning from RF to CD (based on RM-70); Consolidation from three (3) lots to one (1) lot; Development Permit for a 6 storey apartment building with 92 units.

• Rezoning for a 6 storey building

  220 m away · 2024 · conditionally approved

  Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Multiple Residential 70 Zone (RM-70); Subdivision (consolidation) from three (3) lots into one (1) lot; Official Community Plan (OCP) Amendment to increase the maximum floor area ratio (FAR) from 2.5 to 2.82 in the Multiple Residential designation; Development Permit to allow the development of a 6-storey 87

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.

listed now

69 days

median for 1022 condos for sale; this one listed today

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

Rapid transit: Gateway SkyTrain station, 900 m (about 14 min walk); Surrey Central SkyTrain station, 1.2 km (about 19 min walk).