Property Type: Detached HouseOwnership: Freehold

11324 161 STREET

Surrey, BC V4N4P5

$2,990,900

9 bed7 bath12 parking7,019 sqftBuilt 2004
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Amenities

Also listed: Storage - Locker, Laundry - In Suite, Sauna

Property Details

Property & Lot

Sub-type
House
Lot size
16,249 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$10,668.73 (2025)

Interior

Basement
Finished, Full, Separate entrance
Heating
Baseboard heaters, Forced air, Electric
Cooling / A/C
Air Conditioned
Fireplace
Yes (3)
Appliances
Washer, Refrigerator, Central Vacuum, Dishwasher, Stove, Dryer, Storage Shed

Exterior & Lot

View
Mountain view

Building

Water source
Municipal water
Sewer
Sanitary sewer, Storm sewer

Parking

Total spaces
12 — covered indicated
Features
Garage

Listing Information

MLS®
R3039495
Listed
August 21, 2025
Time on market
On the market for 375 days
Tax assessment year
2025
Data last synced
August 29, 2026

Listing provided by: Royal Pacific Tri-Cities Realty · Data source: CREA DDF.

Description

This MAGNIFICENT home was CUSTOM built by original Japanese owners with the finest design & craftsmanship down to the finest details. Nestle in prestigious Fraser Heights, rarely available mansion w/hard to find OUTSTANDING QUALITY & TASTE. 16,249 SF West facing lot, has over 7000SF of living space. 2 storey w/ fully finished basement offers 9 bdrms+den. 20ft+ high ceiling in foyer offers GRAND Entrance ATMOSPHERE. Gourmet kitchen w/granite countertop, MASSIVE pantry, commercial cook top & exhaust fan. Gracefully finished master ensuite has Japanese style steam shower & tub, private balcony. Bsmt offers separate entry, own laundry, sauna, playroom & home theatre. Enclosed solarium is perfect for a relaxed afternoon tea/coffee gathering. Detached is another 3 car garage + 2bdrms. Call Today (id:63159)

Values & Trends

This listing

$426/sqft

Building average

No other active listings in this building

Surrey average

$691/sqft

1844 active listing(s)

Parking: 12 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.

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

1/9 categories nearby

Transit

Not enough data yet

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
Erma Stephenson ElementaryElementary748 m
Fraser Heights SecondaryElementary1.0 km
Dogwood ElementaryElementary1.3 km
Fraser Wood ElementaryElementary1.5 km
Harold Bishop ElementaryElementary2.0 km
Holly ElementaryElementary2.4 km
Pacific Academy(Independent)K-122.6 km
Ecole Riverdale ElementaryElementary2.6 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

No TransLink stops within an ~10-minute walk.

Nearby Places

Parks (4)

  • Fraser View Park61 m
  • North Point Park665 m
  • Erma Stephenson Park772 m
  • Unnamed799 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($598,180) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,392,720.00
Periodic payment — Principal & Interest (monthly)$15,437.02
Additional monthly expenses (strata, tax, utilities, etc.)$1,240.06
Total monthly cost$16,677.08
Interest paid over 5-yr term$685,760.43
Balance at end of term$2,152,259.38

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$598,180
Stress test qualifying rate8.09%
Payment you must qualify for$18,399.18

Cash Needed at Closing

Minimum down payment$598,180
Estimated BC PTT$67,727
Legal / closing costs (typical estimate)$1,500
Total cash needed$667,407

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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