Property Type: Land / Lot

10728-10748 132 STREET

Surrey, BC V3T3W3

$3,900,000

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Property Details

Property & Lot

Lot size
24,184 square feet

Ownership & Fees

Property type
Land / Lot
Annual property tax
$19,746.24 (2025)

Interior

Fireplace
None

Listing Information

MLS®
C8075829
Listed
February 3, 2026
Time on market
On the market for 209 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Royal Regal Realty Ltd. · Data source: CREA DDF.

Description

COURT ORDERED SALE - Rare Transit-Oriented development opportunity in the heart of Surrey City Centre, comprising three assembled parcels at 10728, 10738 & 10748 132 Street. Located within approximately 400 metres of Gateway SkyTrain Station, the site benefits from excellent transit accessibility and significant long-term density upside. While a development application has been submitted proposing a lower-density scheme, the property is designated within a TOA, offering potential for up to 4.0 FAR and building heights of up to 12 storeys, subject to City approval. Positioned in one of Metro Vancouver's fastest-growing urban cores and surrounded by active high-density residential and mixed-use developments, this site presents a compelling opportunity for developers and investors to buy and hold or pursue future redevelopment at higher density. (id:63159)

Location Insights

Weather

Nearest station: Langley

Mainly Clear

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

SchoolTypeDistance
David Brankin ElementaryElementary467 m
Betty Huff ElementaryElementary601 m
Cindrich ElementaryElementary911 m
Senator Reid ElementaryElementary1.0 km
Sikh Academy(Independent)Elementary/Middle1.1 km
Queen Elizabeth SecondaryElementary1.4 km
A H P Matthew ElementaryElementary1.5 km
Creekside ElementaryElementary1.7 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
Northbound 128 St @ Prince Charles Blvd403 m
Northbound 132 St @ 90 Ave416 m
Southbound 132 St @ Queen Mary Blvd417 m
Southbound 128 St @ 90 Ave430 m
Southbound 132 St @ 92 Ave468 m

Nearby Places

Parks (4)

  • Queen Mary Park243 m
  • William Beagle Park290 m
  • Robertson Drive Park607 m
  • Betty Huff Park · 13055 Huntley Avenue712 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($780,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,120,000.00
Periodic payment — Principal & Interest (monthly)$20,129.18
Additional monthly expenses (strata, tax, utilities, etc.)$1,645.52
Total monthly cost$21,774.70
Interest paid over 5-yr term$894,200.97
Balance at end of term$2,806,450.09

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$780,000
Stress test qualifying rate8.09%
Payment you must qualify for$23,991.71

Cash Needed at Closing

Minimum down payment$780,000
Estimated BC PTT$113,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$894,500

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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