10038 10040 128 STREET
Surrey, BC V5N5K7
$1,749,000
Property Details
Property & Lot
- Sub-type
- Duplex
- Lot size
- 10,290 square feet
Ownership & Fees
- Property type
- Duplex
- Ownership
- Freehold
- Annual property tax
- $6,131.87 (2025)
Interior
- Basement
- Finished, Full
- Heating
- Forced air
- Fireplace
- None
Parking
- Total spaces
- 10 — uncovered indicated
- Features
- Other
Listing Information
- MLS®
- R3111022
- Listed
- April 14, 2026
- Time on market
- On the market for 139 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Skystreet Real Estate Marketing · Data source: CREA DDF.
Description
26 Jul Open House Cancel. Welcome to Cedar Hills! This full up/down duplex sits on a massive 10,000+ sf. lot with convenient back lane access, offering an outstanding investment and redevelopment opportunity. Currently generating approx. $6,000 pm from multiple rental streams, this property provides strong holding income while you plan for the future. Located in the highly desirable Cedar Hills neighbourhood, this property falls within the R3 zoning designation, allowing for a variety of housing options including duplexes, triplexes, 4plexes, and configurations of up to 6 dwelling units (buyer to verify with the City of Surrey). Whether you're an investor, builder, or developer, this is a rare chance to secure a prime property with excellent cash flow & significant redevelopment potential. (id:63159)
Values & Trends
This listing
$660/sqft
Building average
—
No other active listings in this building
Surrey average
$569/sqft
115 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Langley
16°C
Mainly Clear
Humidity 78%
Wind S 3 km/h
Tonight
14°
Tuesday
21°
Tuesday night
16°
Wednesday
19°
Wednesday night
14°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
568,322
(2021 Census)
+9.7% since 2016
Density: 1,797.9/km²
Dwellings: 195,098
Median household income: $98,000
After-tax: $87,000
Immigrant population: 44.6%
Top countries of origin (% of total population)
- India16.9% · 95,905
- Philippines5.2% · 29,510
- China4.2% · 23,850
- United Kingdom1.5% · 8,320
- Korea, South1.2% · 6,995
- Viet Nam1.1% · 6,425
- Pakistan1% · 5,710
- Taiwan1% · 5,540
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
7
1/9 categories nearby
Transit
33
5 stop(s) within 800m
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Old Yale Road Elementary | Elementary | 787 m |
| Prince Charles Elementary | Elementary | 798 m |
| Cedar Hills Elementary | Elementary | 1.0 km |
| Kwantlen Park Secondary | Elementary | 1.1 km |
| K B Woodward Elementary | Elementary | 1.3 km |
| A H P Matthew Elementary | Elementary | 1.3 km |
| Khalsa Secondary School (Surrey)(Independent) | Secondary | 1.3 km |
| Khalsa School Old Yale Road(Independent) | Elementary | 1.5 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
| Stop | Type | Distance |
|---|---|---|
| Northbound 128 St @ 100 Ave | — | 59 m |
| Eastbound 100 Ave @ 128 St | — | 96 m |
| Westbound 100 Ave @ 128 St | — | 101 m |
| Southbound 128 St @ 100 Ave | — | 124 m |
| Southbound 128 St @ 102 Ave | — | 282 m |
Nearby Places
Parks (3)
- Robson Park367 m
- Evergreen Park528 m
- Bog Park799 m
Nearby places data: © OpenStreetMap contributors.
School district: Surrey (SD36)
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
2.5 km away
Explore More Homes
Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($349,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.