Property Type: TownhouseOwnership: Strata

63 12040 68 AVENUE

Surrey, BC V3W1P5

$825,000

4 bed3 bath2 parking2,014 sqftBuilt 2005
Get Directions

Amenities

Also listed: Laundry - In Suite, Air Conditioning, Clubhouse

Property Details

Property & Lot

Sub-type
Row / Townhouse

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$508/mo
Annual property tax
$3,962.23 (2026)

Interior

Basement
None, Unknown
Heating
Forced air
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Parking

Total spaces
2 — covered indicated
Features
Garage

Restrictions & Policies

Pets
Allowed with restrictions
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®
R3156172
Listed
August 18, 2026
Time on market
On the market for 13 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: RE/MAX Performance Realty · Data source: CREA DDF.

Description

TERRANE - Beautiful Townhome in sought-after West Newton! This spacious 4-bedroom, 3-bathroom home offers an open-concept layout with an extra-large living/dining area, cozy gas fireplace, and a generous kitchen featuring stainless steel appliances, ample cabinets and counter space, eating area and access to a spacious deck. All bedrooms, bathrooms and laundry are conveniently located upstairs. Enjoy a renovated bathroom, air conditioning and private fenced yard. The complex features a 5,000+ sq. ft. clubhouse with lounge, grand fireplace, gourmet kitchen, gym with showers, billiards room and outdoor deck. Close to shops, library, parks, theatre, restaurants, schools and transit. Perfect family home in a prime location! (id:63159)

Values & Trends

This listing

$410/sqft

Building average

$442/sqft

5 active listing(s)

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

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

30

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
Cougar Creek ElementaryElementary655 m
Cougar Canyon ElementaryElementary769 m
Khalsa School Newton(Independent)Elementary831 m
Beaver Creek ElementaryElementary882 m
Seaquam SecondarySecondary922 m
Boundary Park ElementaryElementary1.2 km
Tamanawis SecondarySecondary1.3 km
Pinewood ElementaryElementary1.3 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
Northbound Scott Rd @ 68 Ave69 m
Southbound Scott Rd @ Wade Rd303 m
Southbound Scott Rd @ 70 Ave339 m
Northbound Scott Rd @ 66 Ave361 m
Northbound Scott Rd @ 70 Ave509 m

Nearby Places

Restaurants (5+)

  • Masala Junction · 7028 120 Street-Scott Road486 m
  • Pizza Hut · 7111 120 Street598 m
  • Sushi Wara · 6485 120 Street-Scott Road642 m
  • Brown's Socialhouse655 m
  • Almond Dosa - Pure Vegetarian668 m

Cafes (2)

  • Starbucks · 6483 Scott Road662 m
  • Tim Hortons756 m

Grocery (4)

  • Save-On-Foods · 7015 Scott Road534 m
  • Bulk Barn624 m
  • Walmart Supercentre · 7155 Scott Road750 m
  • Safeway768 m

Parks (5+)

  • Cougar Creek Park418 m
  • Kabaddi Park493 m
  • Beaver Creek Heights Park · 6722 122A Street584 m
  • Wade Road Park684 m
  • Beaver Creek Park · 12270 66 Avenue774 m

Gyms (2)

  • 24 HR Flex Fitness Club · 7130 120 Street682 m
  • Oxygen Yoga & Fitness719 m

Banks & ATMs (4)

  • ICICI Bank589 m
  • Envision Financial665 m
  • BMO735 m
  • RBC Royal Bank · 7157 Scott Road-120 Street735 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 7.0% ($57,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$660,000.00
Periodic payment — Principal & Interest (monthly)$4,258.10
Additional monthly expenses (strata, tax, utilities, etc.)$939.09
Total monthly cost$5,197.18
Interest paid over 5-yr term$189,157.90
Balance at end of term$593,672.13

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$57,500
Stress test qualifying rate8.09%
Payment you must qualify for$5,901.81

Cash Needed at Closing

Minimum down payment$57,500
Estimated BC PTT$14,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$73,500

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