Property Type: TownhouseOwnership: StrataRECENTLY LISTED

18 7127 124 STREET AVENUE

Surrey, BC V3W3W9

$625,000

2 bed2 bath2 parking1,069 sqftBuilt 1995
Get Directions

Amenities

Also listed: Clubhouse

Property Details

Property & Lot

Sub-type
Row / Townhouse
Style
Other

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$254/mo
Annual property tax
$2,285 (2025)

Interior

Basement
None, Unknown
Heating
Baseboard heaters
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Dishwasher, Stove, Dryer

Building

Water source
Municipal water
Utilities
Water, Electricity

Parking

Total spaces
2 — covered indicated
Features
Garage, Carport

Restrictions & Policies

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®
R3158480
Listed
August 25, 2026
Time on market
On the market for 6 days
Tax assessment year
2025
Data last synced
August 31, 2026

Listing provided by: Coldwell Banker Universe Realty · Data source: CREA DDF.

Description

Beautiful RARE RANCHER STYLE TOWNHOME in a quiet neighborhood of West Newton. Very spacious and bright inside and outside. Features 2 spacious bedrooms and 2 baths, laundry room, private large back yard with garden-like surroundings. Updates include laminate floors, appliances, window blinds, flooring throughout the unit, and roof replaced in 2011. Walking distance to transit, shopping mall, banks, doctors, theatres, Surrey Masjid, church, Sikh Temple, and Khalsa School. Easy access to Highway 91 and all other amenities & major transit routes. No stairs, wheelchair friendly. Why pay rent when you can own your own home. Don't miss out on this great opportunity! (id:63159)

Values & Trends

This listing

$585/sqft

Building average

No other active listings in this building

Surrey average

$504/sqft

920 active listing(s)

Parking: 2 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.

Townhouse Market Stats — Surrey

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

MLS® HPI Benchmark Price

$753,000

Jul 2026

Average Sale Price

$718,941

Jul 2026

Monthly Sales

67

Jul 2026

Active Listings

453

Jul 2026

Sales-to-Active Ratio

15.0%

Jul 2026

Median Days to Contract

34 days

Jul 2026

MLS® HPI Benchmark Price

$960,200
$722,100
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

22

6/9 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
Khalsa School Newton(Independent)Elementary306 m
Cougar Creek ElementaryElementary355 m
Princess Margaret SecondaryElementary1.0 km
Strawberry Hill ElementaryElementary1.0 km
Westerman ElementaryElementary1.1 km
Dr F D Sinclair ElementaryElementary1.1 km
Tamanawis SecondarySecondary1.2 km
Beaver Creek ElementaryElementary1.2 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
Eastbound 72 Ave @ 124 St172 m
Westbound 72 Ave @ 124 St189 m
Westbound 72 Ave @ 122A St388 m
Eastbound 72 Ave @ 122 St393 m
Westbound 72 Ave @ 126 St437 m

Nearby Places

Restaurants (4)

  • Masala Junction · 7028 120 Street-Scott Road778 m
  • Spice 72 Indian Bistro and Lounge · 12025 72 Avenue780 m
  • Sirka Gourmet Takeout · 7182 120 Street794 m
  • Kami Japanese Restaurant · 12101 72 Avenue796 m

Cafes (1)

  • Tim Hortons · 12169 72 Avenue533 m

Parks (4)

  • Unnamed549 m
  • Cougar Creek Park595 m
  • Kabaddi Park607 m
  • Evershine Park725 m

Shopping (1)

  • Winners701 m

Gyms (1)

  • 24 HR Flex Fitness Club · 7130 120 Street717 m

Banks & ATMs (2)

  • Coast Capital Savings · 12091 72 Avenue665 m
  • BMO778 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 6.0% ($37,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$500,000.00
Periodic payment — Principal & Interest (monthly)$3,225.83
Additional monthly expenses (strata, tax, utilities, etc.)$497.42
Total monthly cost$3,723.25
Interest paid over 5-yr term$143,301.44
Balance at end of term$449,751.62

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$37,500
Stress test qualifying rate8.09%
Payment you must qualify for$4,517.67

Cash Needed at Closing

Minimum down payment$37,500
Estimated BC PTT$10,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$49,500

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.

Request more information