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About this home

Location! Location! Renovated & excellent condition this 02 BED & 02 FULL BATH CORNER unit comes with 02 side by side parking and 01 storage on the same floor.High end appliances with Kitchen nook beside the dinning area. Large Size living room will lead you to beautiful covered balcony overlooking the green courtyard. Large size Master bed with ensuite jacuzzi. Full size Washer & Dryer. BUS stop is at your door step and big store like superstore just a walk away. Well maintained & managed building surrounded by all major banks, shopping, restaurants, schools lot more. Please book your private viewing before it's gone. Strata fee include Gas, Heat, Management & more.

Property details

Beds

2 full

Baths

1,029 ft²

Floor area

1994

Year built

Storeys

Parking

$520/mo

Strata fee

$2,329/yr

Gross tax

Location & structure

Single Family

Type

None

Basement

Fireplace

Other

Style

Listed

May 27, 2026

Basement

None

Structure

Apartment

Property highlights

Balcony

Hot tub

Meeting/Party Room

Building amenities

Storage locker

In-suite laundry

Features & inclusions

Appliances

Washer, Refrigerator, Intercom, Dishwasher, Stove, Dryer, Microwave, Alarm System - Roughed In, Garage door opener, Jetted Tub

Heating

Radiant heat, Natural gas

Parking

Underground, Open, Visitor Parking

Community

Pets Allowed With Restrictions

Additional details

Common interest

Condo/Strata

Tax year

2025

Listed by First Stay Realty Inc.. Last updated Jun 27, 2026, 3:25 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.

Mortgage estimate

Using listing data

Est. monthly total

$3,130

/mo

Rate

Amortization

Principal and interest

$2,266

Property tax

$194

Strata fee

$520

P&I

Tax

Strata

Down payment

$97,960 (20%)

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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $97,960 down (20%) on $489,800, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from 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 · 820 listings

Detached	384	46.8%
Townhouse	272	33.2%
Condo / Apartment	109	13.3%
Mobile home	22	2.7%
Land	16	2.0%
Other	17	2.1%

Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.

Property analysisScored Jun 2

Buyer view7–10 year horizon

36.5% below nearby asking prices

$476/sqft vs area comp median $750/sqft (36.5% 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 36.5% below the median asking price nearby today.

Good value signals, score 82.1 of 100Based on 4 of 9 signals · score likely 55.5 to 100

Stale compsNo HPI coveragePrice history accruingRound-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 $1,720/mo here · Vancouver 2BR rent trend below

$2,696

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 #59151975· Surrey· Transit 2/100 (4878m to rapid)· 0.18 km²

Median rent here

$1,720

Owner shelter cost

$1,370

Renters

22.3%

30%+ on shelter

35.8%

Population (2021)

919

Median age

42.0

Avg household size

1.9

Avg household income

$63,600

Renters

22.3%

Owners

77.7%

Immigrants

49.7%

Post-secondary

53.5%

Avg home value

$368,000

Single status

23.9%

Not in labour force

35.9%

Households with kids

29.5%

Median rent

$1,720

Owner shelter cost

$1,370

30%+ on shelter

35.8%

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	25	5.5%
$30,000 to $34,999	35	7.7%
$35,000 to $39,999	25	5.5%
$40,000 to $44,999	25	5.5%
$45,000 to $49,999	20	4.4%
$50,000 to $59,999	45	9.9%
$60,000 to $69,999	40	8.8%
$70,000 to $79,999	35	7.7%
$80,000 to $89,999	45	9.9%
$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	5	1.1%

Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59151975).

#206 – 7475 138 Street

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About this home

Property details

Location & structure

Additional details

36.5% below nearby asking prices

36.5% below nearby asking prices

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