Best Price! Rare opportunity on a nearly 8,000 sq. ft. lot in a prime Surrey location. This basement-entry home offers 3 bedrooms and 2 bathrooms on the main floor, plus a 1-bedroom suite below. Basement currently rented for $1,600/month MTM, providing excellent holding income and immediate cash flow. The spacious backyard features a large deck and strong duplex or redevelopment potential (buyer to verify with City). Conveniently located near schools, parks, transit, and daily amenities. Ideal for investors, builders, or families seeking future growth. Updates include roof (2016), main renovations (2017-18), basement renovation (2017), and hot water tank (2021).
Property details
4
Beds
3 full
Baths
2,103 ft²
Floor area
7,937 ft²
Lot size
1970
Year built
1
Parking
$2,900/yr
Gross tax
Location & structure
Single Family
Type
Finished
Basement
Yes
Garage
Yes
Carport
2 Level
Style
Listed
May 14, 2026
Style
2 Level
Basement
Finished
Structure
House
Property highlights
Private yard
Building amenities
Storage locker
In-suite laundry
Features & inclusions
Appliances
Washer, Refrigerator, Dishwasher, Stove, Dryer
Heating
Natural gas
Parking
Garage, Carport, Other, RV
Additional details
Common interest
Freehold
Tax year
2025
Listed by Sutton Group-West Coast Realty. Last updated Jul 9, 2026, 5:25 PM.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $199,600 down (20%) on $998,000, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Inventory mix
What this area trades in
Within 3 km of this listing · 572 listings
Detached
289
50.5%
Townhouse
188
32.9%
Condo / Apartment
56
9.8%
Land
24
4.2%
Half-duplex
7
1.2%
Other
8
1.4%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Surrey · 250 dwellings
Apartment in duplex145 · 58.0%
Low-rise apartment60 · 24.0%
Single-detached45 · 18.0%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59153431· Surrey· Transit 76/100 (191m to frequent)· 0.29 km²
Median rent here
$1,220
Owner shelter cost
$3,280
Renters
52.0%
30%+ on shelter
30.6%
Population (2021)
1,015
Median age
34.4
Avg household size
4.0
Avg household income
$116,000
Renters
52.0%
Owners
48.0%
Immigrants
57.0%
Post-secondary
38.7%
Avg home value
$1,640,000
Single status
30.2%
Not in labour force
24.0%
Households with kids
37.3%
Median rent
$1,220
Owner shelter cost
$3,280
30%+ on shelter
30.6%
Breakdown
$30,000 to $34,999
5
2.0%
$35,000 to $39,999
5
2.0%
$45,000 to $49,999
5
2.0%
$50,000 to $59,999
20
8.2%
$60,000 to $69,999
15
6.1%
$70,000 to $79,999
10
4.1%
$80,000 to $89,999
10
4.1%
$90,000 to $99,999
25
10.2%
$100,000 to $124,999
25
10.2%
$125,000 to $149,999
25
10.2%
$150,000 to $199,999
40
16.3%
$200,000 and over
60
24.5%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59153431).
Market story
Rent in Surrey
Census 2021 avg $1,220/mo here · Vancouver 4BR rent (est) trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
Vancouver CMA rental snapshot · 2025
Purpose-built vacancy
3.7%
Avg 2BR rent
$2,363
+2.2% YoY
Condo vacancy
1.5%
Avg 2BR condo rent
$2,900
Source: CMHC Rental Market Report (2025)
CMHCVancouver outlook
From the CMHC Spring 2026 Housing Supply Report · Mar 2026
Property analysisScored Jun 2
Buyer view7–10 year horizon
40.0% below nearby asking prices
$478/sqft vs area comp median $797/sqft (40.0% below, 20 comps). ⚠ Comp set is older than 60 days. Used area-level comps (sub-area had <5 matches).
On a 7 to 10 year hold, the entry price relative to nearby listings sets the floor for appreciation. This listing is 40.0% below the median asking price nearby today.
Strong value signals·91/100
Strong value signals, score 91 of 100Based on 4 of 9 signals · score likely 72.6 to 100
Stale compsNo HPI coveragePrice history accruingPartial carrying costRound-number price anchor
Price comparisons use asking prices from nearby active and recently removed listings. Sold prices are not available through public listing feeds.
Scores weight nine signals across price, market, carrying cost, and location data. Sources: BCRES listing feed, GVR MLS® HPI, TransLink, BC Geographic Warehouse, Vancouver Open Data, Statistics Canada (2021 Census). One input among many, not advice.
