Property Type: Detached HouseOwnership: Freehold

5517 188A STREET

Surrey, BC V3S6S4

$1,899,891

7 bed6 bath9 parking4,800 sqftBuilt 2011
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Property Details

Property & Lot

Sub-type
House
Lot size
6,279 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,339.76 (2025)

Interior

Basement
Finished, Full
Heating
Radiant heat, Natural gas
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Parking

Total spaces
9 — covered indicated
Features
Garage

Listing Information

MLS®
R3157724
Listed
August 20, 2026
Time on market
On the market for 11 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

This property is in the popular Cloverdale community! It's right in-between the heart of downtown Cloverdale and Langley City, so you'll never run out of entertainment options or great dining choices. This seven-bedroom home is on a corner lot. Some of the greatest features include 24-inch full-body Italian tiles, radiant heated engineered floors, two beautiful stone-encased fireplaces, extensive millwork, and Venetian blinds. The dream kitchen has Jenn-Air appliances, including a 48-inch stainless steel refrigerator, an apron sink, and a gas range with a commercial hood fan. The three-bedroom suite has a walk-in closet and a large flex room. The covered deck is perfect for entertaining all year around and there is parking for nine cars! (id:63159)

Values & Trends

This listing

$396/sqft

Building average

No other active listings in this building

Surrey average

$691/sqft

1844 active listing(s)

Parking: 9 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.

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

7

2/9 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
Sunrise Ridge ElementaryElementary994 m
Bibleway Christian Academy(Independent)Elementary1.1 km
Martha Currie ElementaryElementary1.1 km
Latimer Road ElementaryElementary1.2 km
Gwa'sala-'Nakwaxda'xw School(Independent)Elementary1.5 km
Don Christian ElementaryElementary1.8 km
Cloverdale TraditionalElementary2.0 km
Hillcrest ElementaryElementary2.1 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 Hwy 10 @ 188 St168 m
Westbound Hwy 10 @ 188 St216 m
Eastbound Hwy 10 @ 18600 Block459 m
Westbound Hwy 10 @ 18600 Block503 m
Westbound Hwy 10 @ 192 St645 m

Nearby Places

Restaurants (1)

  • Sahota's Live Grill · 19219 56 Avenue782 m

Parks (4)

  • Unnamed514 m
  • Hunter Park633 m
  • Unnamed747 m
  • Clover Ridge Park775 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($379,978) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,519,913.00
Periodic payment — Principal & Interest (monthly)$9,805.96
Additional monthly expenses (strata, tax, utilities, etc.)$851.65
Total monthly cost$10,657.61
Interest paid over 5-yr term$435,611.43
Balance at end of term$1,367,166.66

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$379,978
Stress test qualifying rate8.09%
Payment you must qualify for$11,687.60

Cash Needed at Closing

Minimum down payment$379,978
Estimated BC PTT$35,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$417,476

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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