Property Type: Condo / ApartmentOwnership: Strata

203 1740 SOUTHMERE CRESCENT

Surrey, BC V4A6E4

$399,000

2 bed1 bath1 parking915 sqftBuilt 1980
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Amenities

Also listed: Storage - Locker, Shared Laundry

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$411/mo
Annual property tax
$1,840.81 (2025)

Interior

Basement
None, Unknown
Heating
Baseboard heaters, Hot Water
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Age / occupancy
Age restriction applies

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

Listing Information

MLS®
R3065006
Listed
November 6, 2025
Time on market
On the market for 298 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Sutton Group-West Coast Realty (Langley) · Data source: CREA DDF.

Description

Welcome to a bright, spacious 2-bed, 1-bath condo in the heart of South Surrey. This northwest-facing unit offers a thoughtful layout situated in a well-maintained building with numerous recent upgrades, including elevator (2015), roof (2019), hallway paint & carpet (2020), & new boiler (2023), ensuring long-term peace of mind. Located in a prime park-like location, you're just steps from Semiahmoo Shopping Centre, grocery, transit, parks, with easy access to elementary & secondary schools, community centre, and South Surrey recreation and community centre (includes seniors programs, fitness, arts and crafts), indoor pool & ice arena. The building offers shared laundry and is rental-friendly. One occupant must be 55+. Excellent option for both homeowners & investors! OH Sun 11-1 by appt. (id:63159)

Values & Trends

This listing

$436/sqft

Building average

No other active listings in this building

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

63

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
H T Thrift ElementaryElementary391 m
Semiahmoo SecondaryElementary436 m
Newbridge Academy(Independent)Elementary614 m
White Rock ElementaryElementary1.1 km
Jessie Lee ElementaryElementary1.1 km
White Rock Christian Academy(Independent)K-121.2 km
St John Paul II Academy(Independent)Secondary1.3 km
Star of the Sea(Independent)Elementary1.3 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 Martin Dr @ W Southmere Cres198 m
Westbound 16 Ave @ Martin Dr270 m
Eastbound North Bluff Rd @ Blackwood St290 m
Eastbound North Bluff Rd @ Everall St294 m
Southbound Martin Dr @ E Southmere Cres309 m

Nearby Places

Restaurants (5+)

  • Freshii · 1767 152 Street448 m
  • White Spot452 m
  • Fisherman's Chinese Fusion466 m
  • Sapporo Kitchen · 1625 152 Street483 m
  • House of Dosas · 1724 152 Street487 m

Cafes (5+)

  • Java Express382 m
  • Tim Hortons · 1767 152 Street448 m
  • Pelican Rouge468 m
  • Starbucks · 1730 152 Street488 m
  • Leon's Cafe499 m

Grocery (4)

  • Save-On-Foods · 1641 152 Street350 m
  • Fruiticana · 1812 152 Street513 m
  • Nature's Fare Markets · 15180 North Bluff Road518 m
  • Thrifty Foods · 15181 Thrift Avenue704 m

Parks (5+)

  • Southmere Village Park179 m
  • Unnamed213 m
  • Hodgson Park350 m
  • Beverly Commons505 m
  • Unnamed532 m

Shopping (4)

  • Winners · 1715 152 Street303 m
  • Semiahmoo Shopping Centre · 1701 152 Street372 m
  • Johnston Plaza · 1736 152 Street502 m
  • Windsor Square611 m

Gyms (4)

  • Fitness World271 m
  • Live Well Exercise Clinic573 m
  • PARC Fit & Wellness Centre587 m
  • 24 HR Sandcastle Fitness · 1938 152 Street678 m

Pharmacies (4)

  • Shoppers Drug Mart · 15105 16 Avenue332 m
  • Family Care Pharmacy · 1539 Johnston Road594 m
  • The Medicine Shoppe · 1959 152 Street610 m
  • Rexall · 1463 Johnston Road696 m

Banks & ATMs (5+)

  • Scotiabank242 m
  • BMO · 1626 Martin Drive306 m
  • TD · 15110 North Bluff407 m
  • CIBC470 m
  • Coast Capital Savings492 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,200.00
Periodic payment — Principal & Interest (monthly)$2,059.37
Additional monthly expenses (strata, tax, utilities, etc.)$610.55
Total monthly cost$2,669.92
Interest paid over 5-yr term$91,483.64
Balance at end of term$287,121.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,914.76

Cash Needed at Closing

Minimum down payment$19,950
Estimated BC PTT$5,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,430

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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