7881 138 STREET
Surrey, BC V3W7B5
$1,075,000
Property Details
Property & Lot
- Lot size
- 8,956 square feet
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $4,733.85 (2025)
Interior
- Fireplace
- None
Listing Information
- MLS®
- R3088045
- Listed
- February 10, 2026
- Time on market
- On the market for 202 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Sutton Premier Realty · Data source: CREA DDF.
Description
Prime development and investment opportunity on a 8,956 sq. ft. R3-zoned lot. Build a single-family home or duplex with garden suite, accommodating a three-level residence (two storey plus basement) with a legal basement suite. Excellent potential for multi-income revenue and long-term appreciation. Situated in a quiet, centrally located neighbourhood with close proximity to schools, shopping, transit, major highways, restaurants, recreation centres, and parks. Ideal for builders and investors seeking a versatile, ready-to-build property. Call for details. (id:63159)
Location Insights
Weather
Nearest station: Langley
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
22
3/9 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
| School | Type | Distance |
|---|---|---|
| Bear Creek Elementary | Elementary | 206 m |
| Frank Hurt Secondary | Elementary | 517 m |
| Guru Angad Dev School(Independent) | Elementary/Middle | 707 m |
| Newton Elementary | Elementary | 1.0 km |
| Surrey Muslim School(Independent) | Elementary | 1.1 km |
| M B Sanford Elementary | Elementary | 1.6 km |
| Brookside Elementary | Elementary | 1.6 km |
| Enver Creek Secondary | Elementary | 1.8 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
| Stop | Type | Distance |
|---|---|---|
| Northbound King George Blvd @ 80 Ave | — | 406 m |
| Southbound King George Blvd @ 80 Ave | — | 423 m |
| Southbound 140 St @ 78A Ave | — | 437 m |
| Southbound 140 St @ 80 Ave | — | 448 m |
| Northbound 140 St @ 78 Ave | — | 451 m |
Nearby Places
Grocery (1)
- Real Canadian Superstore · 7550 King George Boulevard734 m
Parks (3)
- Unnamed185 m
- Frank Hurt Park · 13828 77 Avenue541 m
- Bear Creek Park701 m
Banks & ATMs (3)
- Unnamed428 m
- ICICI Bank · 8077 King George Boulevard599 m
- Vancity768 m
Nearby places data: © OpenStreetMap contributors.
School district: Surrey (SD36)
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Explore More Homes
Mortgage & Ownership Cost Calculator
Minimum required: 7.7% ($82,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.