Property Type: Detached HouseOwnership: Freehold

16114 20 AVENUE

Surrey, BC V3Z9M8

$4,500,000

3 bed2 bath8 parking2,248 sqftBuilt 1967
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Amenities

Also listed: Storage - Locker

Property Details

Property & Lot

Sub-type
House
Lot size
84,071 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$9,743.76 (2026)

Interior

Basement
Finished, Crawl space
Heating
Radiant heat, Forced air, Natural gas
Fireplace
Yes (2)

Parking

Total spaces
8 — covered indicated
Features
Garage, Carport, RV

Listing Information

MLS®
R3153445
Listed
August 6, 2026
Time on market
On the market for 25 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: Royal LePage Ben Gauer & Assoc · Data source: CREA DDF.

Description

An investment property that is hard to beat! Private 1.93 acres w/329' frontage designated Business Park ready to develop now! Costco is planned immediately behind this property, a major retail/office commercial centre is planned across the street, & a new 20 Ave overpass is under construction! Enjoy the gorgeous completely renovated 2248 sq ft 3 large bedroom + games room rancher for your family with brilliant south exposure creating an airy ambiance, stunning baths, wide plank hardwood & expansive 49' x 16' sunny rear deck! Chef's premium white maple kitchen with quartz counters, 30 soft-close drawers & 2 ovens! Dad will love the 49' x 34' 1678 sq. ft. mechanic's shop/triple garage w/steel beam & 12'3" high ceilings with two 10'x10' overhead doors & one 9'x7' OH door. Covered parking for 4 w/extra carport! Services including sewer on the street! A rare opportunity! (id:63159)

Values & Trends

This listing

$2,002/sqft

Building average

No other active listings in this building

Surrey average

$690/sqft

1844 active listing(s)

Parking: 8 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

37

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
Earl Marriott SecondaryElementary1.1 km
Edgewood ElementaryElementary1.2 km
Southridge School(Independent)K-121.3 km
South Meridian ElementaryElementary1.4 km
Jessie Lee ElementaryElementary1.5 km
Peace Arch ElementaryElementary1.5 km
Sunnyside ElementaryElementary1.8 km
Newbridge Academy(Independent)Elementary1.9 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 160 St @ 20 Ave259 m
Southbound 160 St @ 20 Ave267 m
Southbound 160 St @ 19 Ave360 m
Northbound 160 St @ Park Dr392 m
Southbound Cranley Dr @ Cumbria Dr412 m

Nearby Places

Restaurants (5+)

  • Don Asian Kitchen · 2181 160 Street497 m
  • Kami Sushi · 2215 160 Street532 m
  • Meltwich Food Co. · 2245 160 Street602 m
  • Wok Box · 2285 160 Street661 m
  • Afghan Kitchen · 16120 24 Avenue722 m

Cafes (1)

  • Starbucks · 16010 24 Avenue775 m

Grocery (1)

  • Real Canadian Superstore · 2332 160 Street615 m

Parks (3)

  • Unnamed511 m
  • Oak Meadows Park · 16271 22 Avenue593 m
  • Alderwood Park · 1760 Lilac Drive719 m

Shopping (2)

  • Grandview Central656 m
  • Smartcentres South Surrey782 m

Gyms (2)

  • Club Pilates · 2245 160 Street614 m
  • Club16 Trevor Linden Fitness South Surrey · 16050 24 Avenue750 m

Pharmacies (1)

  • Shoppers Drug Mart · 16050 24 Avenue723 m

Banks & ATMs (3)

  • National Bank · 2121 160 Street468 m
  • CIBC · 2245 160 Street638 m
  • Westminster Savings789 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($900,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,600,000.00
Periodic payment — Principal & Interest (monthly)$23,225.98
Additional monthly expenses (strata, tax, utilities, etc.)$923.98
Total monthly cost$24,149.96
Interest paid over 5-yr term$1,031,770.35
Balance at end of term$3,238,211.64

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$900,000
Stress test qualifying rate8.09%
Payment you must qualify for$27,682.74

Cash Needed at Closing

Minimum down payment$900,000
Estimated BC PTT$143,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,044,500

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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