Property Type: Detached HouseOwnership: Freehold

10650 138 STREET

Surrey, BC V3T4K5

$2,900,000

5 bed2 bath1 parking1,812 sqftBuilt 1948
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Property Details

Property & Lot

Sub-type
House
Lot size
7,793 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,429.89 (2025)

Interior

Basement
Separate entrance, Unknown, Unknown
Heating
Forced air
Fireplace
Yes (2)

Parking

Total spaces
1 — covered indicated
Features
Garage

Listing Information

MLS®
R3051225
Listed
September 24, 2025
Time on market
On the market for 341 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

***Land Assembly*** Strategically positioned in a rapidly growing area, this property offers zoning potential up to 2.5 FAR, ideal for a substantial 6-story development. Located within walking distance to Surrey Central and Gateway SkyTrain Stations, SFU Surrey Campus, City Hall, Central City Shopping Centre, T&T Supermarket, and Walmart, this site is perfectly situated in the heart of a vibrant community. With seamless access to major routes like King George Hwy, Highway 1, and Fraser Highway, the location provides unbeatable convenience for future residents. Don't miss out on this rare chance to be part of Surrey's ongoing transformation and capitalize on the remarkable growth in this high-demand area! (id:63159)

Values & Trends

This listing

$1,600/sqft

Building average

No other active listings in this building

Surrey average

$690/sqft

1844 active listing(s)

Parking: 1 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

14°C

Clear

Humidity 87%

Wind S calm 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

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 ElementaryElementary260 m
Our Lady of Good Counsel(Independent)Elementary380 m
Honour Secondary School(Independent)Secondary447 m
James Ardiel ElementaryElementary1.2 km
Mary Jane Shannon ElementaryElementary1.2 km
Surrey TraditionalElementary1.3 km
Kwantlen Park SecondaryElementary1.3 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 St298 m
Westbound 108 Ave @ Whalley Blvd330 m
Eastbound 108 Ave @ Whalley Blvd347 m
Northbound King George Blvd @ 105A Ave441 m
Westbound 108 Ave @ 140 St472 m

Nearby Places

Restaurants (5+)

  • Manis Pan-Asian Eatery · 10768 Whalley Boulevard299 m
  • DONI Korean Restaurant · 10592 King George Boulevard383 m
  • Dell Lanes · 10576 King George Boulevard423 m
  • Taste of Africa · 10663 King George Boulevard450 m
  • Guacamole Mexican Grill · 10671 King George Boulevard460 m

Cafes (3)

  • Ken's Tea House · 10692 135A Street520 m
  • Huyen Cafe · 13551 105A Avenue554 m
  • Starbucks · 10362 King George Boulevard683 m

Grocery (5+)

  • Lucky Supermarket · 10628 King George Boulevard348 m
  • GG's African Caribbean Market · 10625 King George Boulevard458 m
  • Beauty 4 Ashes469 m
  • Surrey Super Market · 13853 104 Avenue489 m
  • African Superstore517 m

Parks (2)

  • Forsyth Park · 10632 139 Street282 m
  • Tom Binnie Park735 m

Gyms (2)

  • Planet Fitness · 10642 King George Boulevard341 m
  • Chuck Bailey Recreation Centre · 13458 107A Avenue724 m

Pharmacies (5+)

  • Pharmasave · 10654 King George Boulevard342 m
  • Gain Pharmacy498 m
  • East To West Holistic · 14045 104 Avenue683 m
  • London Drugs · 10348 King George Boulevard700 m
  • Shoppers Drug Mart · 10835 City Parkway781 m

Banks & ATMs (3)

  • Sharons Credit Union · 10541 King George Boulevard495 m
  • Prospera · 13747 104 Avenue495 m
  • TD · 10435 King George Boulevard635 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($580,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,320,000.00
Periodic payment — Principal & Interest (monthly)$14,967.85
Additional monthly expenses (strata, tax, utilities, etc.)$710.16
Total monthly cost$15,678.01
Interest paid over 5-yr term$664,918.67
Balance at end of term$2,086,847.50

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$580,000
Stress test qualifying rate8.09%
Payment you must qualify for$17,839.99

Cash Needed at Closing

Minimum down payment$580,000
Estimated BC PTT$65,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$646,500

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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