Property Type: DuplexOwnership: Freehold

16718 16 AVENUE

Surrey, BC V3S9X7

$1,298,000

5 bed4 bath3 parking2,545 sqftBuilt 2022
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Amenities

Also listed: Air Conditioning

Property Details

Property & Lot

Sub-type
Duplex

Ownership & Fees

Property type
Duplex
Ownership
Freehold
Annual property tax
$5,428.2 (2025)

Interior

Basement
Finished, Full
Heating
Forced air, Natural gas
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Parking

Total spaces
3 — covered indicated
Features
Garage

Listing Information

MLS®
R3144018
Listed
July 8, 2026
Time on market
On the market for 54 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Royal Pacific Realty Corp. · Data source: CREA DDF.

Description

NO GST - Newly built 1/2 duplex offers 2545sqft of luxury living. 5 bedrooms and 4 washrooms over 3 floors. Lots of natural light, open concept living space, flex room on main floor for home office, Huge covered patio both on main and upper floors. conveniently located near Grandview Heights Rec Centre, Darts Hill Park, Redwood Park and Grandview Corners. NO GST. Move in Ready. (id:63159)

Values & Trends

This listing

$510/sqft

Building average

No other active listings in this building

Surrey average

$571/sqft

115 active listing(s)

Parking: 3 stall(s) includedStorage 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.

Location Insights

Weather

Nearest station: Langley

Partly Cloudy

12°C

Partly Cloudy

Humidity 95%

Wind N 3 km/h

Today

21°

Tonight

16°

Wednesday

19°

Wednesday night

14°

Thursday

18°

Thursday night

13°

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

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
South Meridian ElementaryElementary1.1 km
Edgewood ElementaryElementary1.4 km
Peace Arch ElementaryElementary1.8 km
Earl Marriott SecondaryElementary1.9 km
Grandview Heights SecondaryElementary2.0 km
Pacific Heights ElementaryElementary2.2 km
Southridge School(Independent)K-122.5 km
Jessie Lee ElementaryElementary2.8 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)

  • 125G - Neighbourhood Park · 1765 167 Street330 m
  • Darts Hill Garden Park415 m
  • Fergus Watershed Biodiversity Preserve · 1277 168 Street496 m
  • Carlson Creek protected area park671 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 8.1% ($104,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,038,400.00
Periodic payment — Principal & Interest (monthly)$6,699.40
Additional monthly expenses (strata, tax, utilities, etc.)$579.35
Total monthly cost$7,278.75
Interest paid over 5-yr term$297,608.42
Balance at end of term$934,044.16

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$104,800
Stress test qualifying rate8.09%
Payment you must qualify for$9,175.29

Cash Needed at Closing

Minimum down payment$104,800
Estimated BC PTT$23,960
Legal / closing costs (typical estimate)$1,500
Total cash needed$130,260

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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