Property Type: TownhouseOwnership: Strata

37 16127 87 AVENUE

Surrey, BC V4N1A8

$849,999

3 bed3 bath2 parking1,328 sqftBuilt 2017
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Amenities

Also listed: Laundry - In Suite, Clubhouse

Property Details

Property & Lot

Sub-type
Row / Townhouse

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$251/mo
Annual property tax
$3,640.93 (2025)

Interior

Basement
None, Unknown
Heating
Baseboard heaters
Fireplace
Yes (1)

Parking

Total spaces
2 — covered indicated
Features
Garage

Restrictions & Policies

Pets
Allowed with restrictions
Rentals
Allowed

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

Listing Information

MLS®
R3102226
Listed
March 30, 2026
Time on market
On the market for 154 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: LPT Realty ULC · Data source: CREA DDF.

Description

Academy - This beautiful townhome boasts a prime location next to Frost Road Elementary, Holy Cross High School, and St. Mathews RC Parish. This modern 3 bedroom + den, 2.5 bath home offers a high-quality feel throughout with stainless steel appliances, quartz countertops, and a built-in TV console. Enjoy added features like a built-in vacuum system and alarm system for convenience and security. Bright, open-concept living spaces make it perfect for families and entertaining. Close to grocery stores, restaurants, parks, shopping, and more, offering the ideal blend of comfort and accessibility. (id:63159)

Values & Trends

This listing

$640/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

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

48

7/9 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
Holy Cross Regional High School(Independent)Secondary262 m
St Matthew's Elementary(Independent)Elementary272 m
Frost Road ElementaryElementary304 m
Surrey Christian School(Independent)K-12428 m
Woodland Park ElementaryElementary921 m
Walnut Road ElementaryElementary1.1 km
Serpentine Heights ElementaryElementary1.3 km
Gobind Sarvar School(Independent)K-121.4 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
Westbound 88 Ave @ 162 St205 m
Eastbound 88 Ave @ 160 St224 m
Eastbound 88 Ave @ 162 St255 m
Southbound 160 St @ 88 Ave269 m
Northbound 160 St @ 88 Ave301 m

Nearby Places

Restaurants (5+)

  • Phở Queen · 8645 160 Street327 m
  • Yoko Sushi445 m
  • The Great Indian Cuisine · 15953 Fraser Highway446 m
  • Dragon's Chop Suey House · 16055 Fraser Highway462 m
  • Diamond sweets & restaurant · 15933-102 Fraser Highway473 m

Cafes (3)

  • Finest Cup · 8645 160 Street331 m
  • Training Day Cafe · 8645 160 Street336 m
  • Starbucks505 m

Grocery (3)

  • Nanyang Asian Supermarket · 8645 160 Street342 m
  • Fruiticana · 15933 Fraser Highway473 m
  • Fresh St. Market674 m

Parks (4)

  • 45H - Neighbourhood Park · 8659 161 Street162 m
  • Fleetwood Meadows Park · 16267 87 Avenue325 m
  • Frost Road Park · 8607 164 Street508 m
  • 45P - Greenbelt · 8767 164 Street548 m

Gyms (2)

  • Anytime Fitness · 8645 160 Street322 m
  • Spinhouse Cycling Studio · 8645 160 Street323 m

Pharmacies (2)

  • Pharmasave624 m
  • The Village Pharmacy · 9025 160 Street755 m

Banks & ATMs (5+)

  • BMO528 m
  • RBC · 15988 Fraser Highway542 m
  • CIBC · 16016 Fraser Highway549 m
  • TD · 15960 Fraser Highway567 m
  • G&F Financial Group · 15910 Fraser Highway660 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 7.1% ($60,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$679,999.00
Periodic payment — Principal & Interest (monthly)$4,387.12
Additional monthly expenses (strata, tax, utilities, etc.)$619.97
Total monthly cost$5,007.09
Interest paid over 5-yr term$194,889.67
Balance at end of term$611,661.30

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$60,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,074.82

Cash Needed at Closing

Minimum down payment$60,000
Estimated BC PTT$15,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$76,500

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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