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About this home

Welcome to this beautifully updated rancher, tucked away on a quiet cul-de-sac. This charming home features 3 bedrooms and 2 bathrooms, with recent upgrades including new flooring, a new kitchen with quartz countertops and new appliances, updated bathrooms, and new blinds throughout. The garage includes a 240V plug for EV charging. Enjoy the huge backyard, offering plenty of space to entertain family and friends or bring your own ideas to life. Ample parking is available on the driveway.

Property details

Beds

2 full

Baths

1,750 ft²

Floor area

7,401 ft²

Lot size

1989

Year built

Storey

Parking

$5,336/yr

Gross tax

Location & structure

Single Family Residence

Type

Crawl Space

Basement

Yes

Garage

Carport

Fireplaces

South Surrey White Rock

Area

King George Corridor

Sub-area

Rancher/Bungalow

Style

Rancher/Bungalow

Basement

Crawl Space

Structure

Residential Detached

Property highlights

EV charging

Private yard

Features & inclusions

Appliances

Washer/Dryer, Dishwasher, Refrigerator, Stove

Heating

Forced Air

Parking

Garage Double

Additional details

Main floor (ground)

1,750 ft²

Tax year

2025

Listed by LPT Realty ULC. Data from BCRES. Last updated Jul 9, 2026, 7:30 PM.

This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

Mortgage estimate

Tax from listing

Est. monthly total

$6,607

/mo

Rate

Amortization

Principal and interest

$6,013

Property tax

$445

P&I

Tax

Down payment

$259,978 (20%)

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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $259,978 down (20%) on $1,299,888, 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.

Inventory mix

What this area trades in

Within 3 km of this listing · 1,134 listings

Detached	391	34.5%
Condo / Apartment	379	33.4%
Townhouse	253	22.3%
Half-duplex	31	2.7%
Mobile home	28	2.5%
Other	52	4.6%

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 · 465 dwellings

Single-detached415 · 89.2%

Row house40 · 8.6%

Semi-detached5 · 1.1%

Apartment in duplex5 · 1.1%

Source: Statistics Canada · 2021 Census of Population

Property analysisScored Jul 7

Buyer view7–10 year horizon

21.1% below area benchmark

$1,299,888 is 21.1% below the Lower Mainland Single Family HPI benchmark of $1,647,000 (2026-04-01).

On a 7 to 10 year hold, price discovery vs the area benchmark drives outcomes. Today's price sits 21.1% below the GVR HPI for this segment.

Weak value signals, score 45.4 of 100Based on 6 of 9 signals · score likely 12.6 to 78.2

Area benchmark trend

Lower Mainland single family benchmark price (GVR MLS® HPI), last 12 months

Price 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.

Market story

Rent in Surrey

Census 2021 avg $1,800/mo here · Vancouver 3BR rent (est) trend below

$3,370

latest · Jan 2025

↑16.0%

CMHC · 2025 Rental Market ReportForecast: CMHC supply-shortages report · rent growth scenarios

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

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

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 #59152669· Surrey· Transit 74/100 (287m to frequent)· 0.33 km²

Median rent here

$1,800

Owner shelter cost

$384

Renters

4.3%

30%+ on shelter

20.2%

Population (2021)

934

Median age

58.4

Avg household size

2.0

Avg household income

$75,600

Renters

4.3%

Owners

96.8%

Immigrants

23.5%

Post-secondary

45.6%

Avg home value

$394,000

Single status

20.0%

Not in labour force

49.1%

Households with kids

25.8%

Median rent

$1,800

Owner shelter cost

$384

30%+ on shelter

20.2%

Breakdown

$10,000 to $14,999	5	1.1%
$15,000 to $19,999	10	2.2%
$20,000 to $24,999	35	7.7%
$25,000 to $29,999	20	4.4%
$30,000 to $34,999	25	5.5%
$35,000 to $39,999	25	5.5%
$40,000 to $44,999	20	4.4%
$45,000 to $49,999	20	4.4%
$50,000 to $59,999	50	11.0%
$60,000 to $69,999	35	7.7%
$70,000 to $79,999	30	6.6%
$80,000 to $89,999	30	6.6%
$90,000 to $99,999	30	6.6%
$100,000 to $124,999	50	11.0%
$125,000 to $149,999	25	5.5%
$150,000 to $199,999	25	5.5%
$200,000 and over	20	4.4%

Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59152669).

16158 16a Avenue

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About this home

Property details

Location & structure

Additional details

21.1% below area benchmark

21.1% below area benchmark

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