Property Type: Condo / ApartmentOwnership: Strata

111 7171 121 STREET

Surrey, BC V3W1G9

$489,900

2 bed2 bath1 parking1,069 sqftBuilt 1993
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Amenities

Also listed: Storage - Locker, Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$497/mo
Annual property tax
$2,266.69 (2025)

Interior

Basement
None, Unknown
Heating
Radiant heat, Natural gas
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed with restrictions
Rentals
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3143470
Listed
July 7, 2026
Time on market
On the market for 55 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Woodhouse Realty · Data source: CREA DDF.

Description

Welcome to this stunning fully renovated 2 bed 2 bath ground-floor home offering 1,069 sq. ft. of stylish, move-in-ready living. The highlight is the massive private patio and lush green lawn-perfect for entertaining, summer BBQs, kids, pets, gardening, or simply relaxing outdoors. Inside, enjoy the warmth of a natural gas fireplace and the comfort of radiant heating throughout. The spacious, functional layout features generous room sizes and quality updates from top to bottom. Located directly across from Strawberry Hill Shopping Centre, you're just steps to grocery stores, restaurants, cafes, transit, schools, parks, and everyday conveniences. An incredible opportunity for first-time buyers, downsizers or investors looking for a turn-key home in one of Surrey's most convenient location. (id:63159)

Values & Trends

This listing

$458/sqft

Building average

$440/sqft

3 active listing(s)

Surrey average

$678/sqft

1113 active listing(s)

Parking: 1 stall(s) includedStorage locker: Included

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.

Apartment Market Stats — Surrey

Monthly figures from the Fraser Valley Real Estate Board for Surrey apartmentlistings — not specific to this property.

MLS® HPI Benchmark Price

$474,100

Jul 2026

Average Sale Price

$470,719

Jul 2026

Monthly Sales

16

Jul 2026

Active Listings

219

Jul 2026

Sales-to-Active Ratio

7.0%

Jul 2026

Median Days to Contract

34 days

Jul 2026

MLS® HPI Benchmark Price

$598,400
$434,400
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

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

78

8/9 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
Cougar Creek ElementaryElementary455 m
Khalsa School Newton(Independent)Elementary783 m
Westerman ElementaryElementary923 m
Strawberry Hill ElementaryElementary1.1 km
Jarvis Traditional ElementaryElementary1.1 km
Cougar Canyon ElementaryElementary1.2 km
Seaquam SecondarySecondary1.3 km
Heath ElementaryElementary1.5 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

StopTypeDistance
Southbound Scott Rd @ 72 Ave200 m
Southbound Scott Rd @ 72 Ave232 m
Westbound 72 Ave @ Scott Rd232 m
Eastbound 72 Ave @ 122 St283 m
Northbound Scott Rd @ 72 Ave288 m

Nearby Places

Restaurants (5+)

  • Spice 72 Indian Bistro and Lounge · 12025 72 Avenue132 m
  • Sirka Gourmet Takeout · 7182 120 Street145 m
  • Kami Japanese Restaurant · 12101 72 Avenue213 m
  • White Spot · 7207 Scott Road233 m
  • Nando's312 m

Cafes (4)

  • Tim Hortons · 12169 72 Avenue165 m
  • Starbucks · 7221 120 Street303 m
  • Pearl Fever · 7310 Scott Road320 m
  • Bandra Cafe323 m

Grocery (5+)

  • Walmart Supercentre · 7155 Scott Road330 m
  • Bulk Barn369 m
  • Day Today421 m
  • Save-On-Foods · 7015 Scott Road462 m
  • FreshCo539 m

Parks (3)

  • Kabaddi Park348 m
  • RA Nicholson Park · 12140 75A Avenue600 m
  • Cougar Creek Park649 m

Shopping (2)

  • Winners198 m
  • Dollar Max · 7273 120 Street331 m

Gyms (3)

  • 24 HR Flex Fitness Club · 7130 120 Street147 m
  • Orangetheory Fitness268 m
  • Anytime Fitness · 7337 Scott Road420 m

Pharmacies (3)

  • London Drugs · 7303 Scott Road351 m
  • Wellcare Rx Pharmacy · 7445 Scott Road574 m
  • Shoppers Drug Mart · 7538 Scott Road667 m

Banks & ATMs (5+)

  • Coast Capital Savings · 12091 72 Avenue67 m
  • BMO154 m
  • RBC Royal Bank · 7157 Scott Road-120 Street225 m
  • Vancity · 7211 120 Street-Scott Road301 m
  • Scotiabank361 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$391,920.00
Periodic payment — Principal & Interest (monthly)$2,528.53
Additional monthly expenses (strata, tax, utilities, etc.)$739.24
Total monthly cost$3,267.78
Interest paid over 5-yr term$112,325.40
Balance at end of term$352,533.31

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,495
Stress test qualifying rate8.09%
Payment you must qualify for$3,578.80

Cash Needed at Closing

Minimum down payment$24,495
Estimated BC PTT$7,798
Legal / closing costs (typical estimate)$1,500
Total cash needed$33,793

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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