Property Type: Detached HouseOwnership: Freehold

7478 123 STREET

Surrey, BC V3W9N1

$1,199,000

5 bed3 bath6 parking2,013 sqftBuilt 1987
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Property Details

Property & Lot

Sub-type
House
Lot size
7,015 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,348.24 (2026)

Interior

Basement
None, Unknown
Heating
Forced air
Cooling / A/C
Air Conditioned
Fireplace
None

Parking

Total spaces
6 — covered indicated
Features
Garage

Listing Information

MLS®
R3154863
Listed
August 12, 2026
Time on market
On the market for 19 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: Century 21 Coastal Realty Ltd. · Data source: CREA DDF.

Description

Welcome to this delightful 5-bedroom, 2.5-bathroom home situated on an expansive 7,015 sq ft lot in a prime location! This centrally located property offers easy access to transit, schools, shopping centers, and major routes, making it an ideal choice for families and commuters alike. Don't miss the opportunity to make this charming residence yours. New A/C and Furnase 2025, new plumbing. Open house Sat/Sun 2-4 Pm (id:63159)

Values & Trends

This listing

$596/sqft

Building average

No other active listings in this building

Surrey average

$691/sqft

1844 active listing(s)

Parking: 6 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

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

33

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
Strawberry Hill ElementaryElementary357 m
Westerman ElementaryElementary405 m
Cougar Creek ElementaryElementary887 m
Dr F D Sinclair ElementaryElementary994 m
Khalsa School Newton(Independent)Elementary1.0 km
Jarvis Traditional ElementaryElementary1.0 km
Princess Margaret SecondaryElementary1.3 km
Kennedy Trail ElementaryElementary1.7 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 75 Ave @ 123A St89 m
Eastbound 75 Ave @ 122A St117 m
Westbound 75 Ave @ 122A St185 m
Northbound 124 St @ 75 Ave209 m
Southbound 124 St @ 76 Ave335 m

Nearby Places

Restaurants (5+)

  • Apna Chaat House · 7500 Scott Road574 m
  • Krishna's Dosa Palace · 7500 120 Street-Scott Road604 m
  • Apna Chaat House · 7500 Scott Road611 m
  • Nando's627 m
  • Kami Japanese Restaurant · 12101 72 Avenue675 m

Cafes (3)

  • Tim Hortons · 12169 72 Avenue592 m
  • Pearl Fever · 7310 Scott Road680 m
  • Bandra Cafe687 m

Grocery (2)

  • FreshCo569 m
  • Day Today778 m

Parks (5+)

  • Unnamed314 m
  • RA Nicholson Park · 12140 75A Avenue403 m
  • Strawberry Hill Park434 m
  • East View Trail Park583 m
  • Newton Athletic Park · 7395 128 Street776 m

Shopping (1)

  • Winners588 m

Gyms (2)

  • Orangetheory Fitness662 m
  • Anytime Fitness · 7337 Scott Road772 m

Pharmacies (2)

  • Shoppers Drug Mart · 7538 Scott Road618 m
  • Wellcare Rx Pharmacy · 7445 Scott Road690 m

Banks & ATMs (5+)

  • CIBC · 7420 Scott Road564 m
  • Canadian Western Bank · 1-7548 Scott Road655 m
  • Scotiabank661 m
  • Coast Capital Savings · 12091 72 Avenue687 m
  • TD · 7317 Scott Road779 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 7.9% ($94,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$959,200.00
Periodic payment — Principal & Interest (monthly)$6,188.43
Additional monthly expenses (strata, tax, utilities, etc.)$546.69
Total monthly cost$6,735.12
Interest paid over 5-yr term$274,909.48
Balance at end of term$862,803.50

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$94,900
Stress test qualifying rate8.09%
Payment you must qualify for$8,490.14

Cash Needed at Closing

Minimum down payment$94,900
Estimated BC PTT$21,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$118,380

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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