Property Type: Detached HouseOwnership: Freehold

10612 138 STREET

Surrey, BC V3T4K5

$2,500,000

2 bed1 bath4 parking848 sqftBuilt 1951
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Property Details

Property & Lot

Sub-type
House
Lot size
7,888 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,608.12 (2026)

Interior

Basement
None, Unknown
Heating
Electric
Fireplace
None

Parking

Total spaces
4 — uncovered indicated
Features
Open, RV

Listing Information

MLS®
R3155423
Listed
August 17, 2026
Time on market
On the market for 14 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: eXp Realty of Canada, Inc. · Data source: CREA DDF.

Description

Exceptional development opportunity in the heart of Surrey City Centre! This 2-bedroom, 1-bathroom home sits on a 7888 sq ft lot. Designated 6-storey land assembly area with up to 2.5 FAR potential. Just minutes from Gateway & Surrey Central SkyTrain Stations, SFU Campus, City Hall, T&T, Walmart, Central City Mall, and more. Easy access to King George Blvd, Fraser Hwy & Hwy 1. An ideal investment for future growth--perfectly positioned in a rapidly transforming urban hub! (id:63159)

Values & Trends

This listing

$2,948/sqft

Building average

No other active listings in this building

Surrey average

$690/sqft

1844 active listing(s)

Parking: 4 stall(s) includedStorage locker: Not indicated

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.

Detached (House) Market Stats — Surrey

Monthly figures from the Fraser Valley Real Estate Board for Surrey detached (house)listings — not specific to this property.

MLS® HPI Benchmark Price

$1,325,500

Jul 2026

Average Sale Price

$1,364,812

Jul 2026

Monthly Sales

61

Jul 2026

Active Listings

692

Jul 2026

Sales-to-Active Ratio

9.0%

Jul 2026

Median Days to Contract

43 days

Jul 2026

MLS® HPI Benchmark Price

$1,793,500
$1,325,500
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: Langley

Clear

13°C

Clear

Humidity 92%

Wind NW 4 km/h

Today

21°

Tonight

16°

Wednesday

19°

Wednesday night

14°

Thursday

18°

Thursday night

13°

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

48

7/9 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

SchoolTypeDistance
Forsyth Road ElementaryElementary313 m
Our Lady of Good Counsel(Independent)Elementary328 m
Honour Secondary School(Independent)Secondary384 m
Mary Jane Shannon ElementaryElementary1.2 km
James Ardiel ElementaryElementary1.2 km
Kwantlen Park SecondaryElementary1.3 km
Surrey TraditionalElementary1.4 km
K B Woodward ElementaryElementary1.4 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

StopTypeDistance
Eastbound 108 Ave @ 138 St371 m
Westbound 108 Ave @ Whalley Blvd400 m
Eastbound 108 Ave @ Whalley Blvd411 m
Northbound King George Blvd @ 105A Ave421 m
Westbound 104 Ave @ 138A St436 m

Nearby Places

Restaurants (5+)

  • Manis Pan-Asian Eatery · 10768 Whalley Boulevard357 m
  • DONI Korean Restaurant · 10592 King George Boulevard363 m
  • Dell Lanes · 10576 King George Boulevard402 m
  • Taste of Africa · 10663 King George Boulevard459 m
  • Guacamole Mexican Grill · 10671 King George Boulevard476 m

Cafes (3)

  • Huyen Cafe · 13551 105A Avenue536 m
  • Ken's Tea House · 10692 135A Street538 m
  • Starbucks · 10362 King George Boulevard623 m

Grocery (5+)

  • Lucky Supermarket · 10628 King George Boulevard342 m
  • Surrey Super Market · 13853 104 Avenue418 m
  • GG's African Caribbean Market · 10625 King George Boulevard455 m
  • Beauty 4 Ashes485 m
  • Union Latino's Food · 13569 105A Avenue506 m

Parks (2)

  • Forsyth Park · 10632 139 Street292 m
  • Tom Binnie Park735 m

Gyms (2)

  • Planet Fitness · 10642 King George Boulevard343 m
  • Chuck Bailey Recreation Centre · 13458 107A Avenue735 m

Pharmacies (4)

  • Pharmasave · 10654 King George Boulevard349 m
  • Gain Pharmacy512 m
  • East To West Holistic · 14045 104 Avenue633 m
  • London Drugs · 10348 King George Boulevard636 m

Banks & ATMs (4)

  • Prospera · 13747 104 Avenue425 m
  • Sharons Credit Union · 10541 King George Boulevard469 m
  • TD · 10435 King George Boulevard588 m
  • Vancity · 10293 King George Boulevard784 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($500,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,000,000.00
Periodic payment — Principal & Interest (monthly)$12,903.32
Additional monthly expenses (strata, tax, utilities, etc.)$592.68
Total monthly cost$13,496.00
Interest paid over 5-yr term$573,205.75
Balance at end of term$1,799,006.47

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$500,000
Stress test qualifying rate8.09%
Payment you must qualify for$15,379.30

Cash Needed at Closing

Minimum down payment$500,000
Estimated BC PTT$53,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$554,500

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.

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