Property Type: Detached HouseOwnership: Freehold

10852 140 STREET

Surrey, BC V3R3G2

$1,099,000

4 bed2 bath1,150 sqftBuilt 1954
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Property Details

Property & Lot

Sub-type
House
Lot size
10,327 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,731.95 (2025)

Interior

Basement
None, Unknown
Heating
Forced air
Fireplace
None

Exterior & Lot

View
City view

Parking

Features
Other

Listing Information

MLS®
R3118012
Listed
May 1, 2026
Time on market
On the market for 122 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Planet Group Realty Inc. · Data source: CREA DDF.

Description

Investor/Developer Alert! Prime North Surrey location -- R3 zoning on a large 10,000+ sq. ft. lot. This 4-bedroom, 2-bath rancher is a great holding property with excellent development potential. Currently rented month-to-month for $3,200, offering solid income. Recently renovated. Centrally located steps from public transit, schools, shopping centres, parks, and all essential amenities. Step outside to the large backyard, ideal for BBQs, family gatherings. This expansive space provides plenty of room for relaxation and fun, making it perfect. Don't miss this opportunity to secure a rare large lot in a fast-growing neighbourhood! (id:63159)

Values & Trends

This listing

$956/sqft

Building average

No other active listings in this building

Surrey average

$691/sqft

1844 active listing(s)

Parking: Not indicatedStorage 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

11

2/9 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 ElementaryElementary324 m
Our Lady of Good Counsel(Independent)Elementary728 m
Mary Jane Shannon ElementaryElementary890 m
James Ardiel ElementaryElementary915 m
Surrey TraditionalElementary940 m
Honour Secondary School(Independent)Secondary1.0 km
Ellendale ElementaryElementary1.1 km
Guildford Park SecondaryElementary1.2 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
Westbound 108 Ave @ 140 St118 m
Eastbound 108 Ave @ 140 St129 m
Westbound 108 Ave @ 142 St383 m
Eastbound 108 Ave @ 138 St407 m
Eastbound 108 Ave @ 142 St447 m

Nearby Places

Restaurants (1)

  • Manis Pan-Asian Eatery · 10768 Whalley Boulevard630 m

Parks (3)

  • Forsyth Park · 10632 139 Street436 m
  • Hawthorne Rotary Park · 10513 144 Street694 m
  • Bonaccord Creek Park728 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 7.7% ($84,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$879,200.00
Periodic payment — Principal & Interest (monthly)$5,672.30
Additional monthly expenses (strata, tax, utilities, etc.)$452.33
Total monthly cost$6,124.63
Interest paid over 5-yr term$251,981.25
Balance at end of term$790,843.24

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$84,900
Stress test qualifying rate8.09%
Payment you must qualify for$7,798.07

Cash Needed at Closing

Minimum down payment$84,900
Estimated BC PTT$19,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$106,380

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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