10566 138th Street, Surrey, V3T 4K5 — photo 1

$2,500,000

10566 138th Street, Surrey, V3T 4K5
Active
5 Bedrooms 2 Bathrooms 2,300 sqft Built 1953 Residential
1 Listing Signal Detected
Renovation RequiredNote

Likely needs work. Get contractor quotes before making an offer — renovation costs can exceed expectations.

About This Property

Exceptional development opportunity in the heart of Surrey City Centre! This 5-bedroom, 2-bathroom home sits on a 7891 sq ft lot. Designated 6-storey land assembly area with up to 2.5 FAR potential. Just minutes from Gateway & Surrey Central SkyTrain Stations, SFU Campus, City Hall, T&T, Walmart, Central City Mall, and more. Easy access to King George Blvd, Fraser Hwy & Hwy 1. An ideal investment for future growth--perfectly positioned in a rapidly transforming urban hub!

Legal SuiteFireplace

Property Details

MLS #

R3024030

Status

Active

Type

Residential

Sub-type

Single Family Residence

Style

Rancher/Bungalow w/Bsmt.

Ownership

Freehold NonStrata

Zoning

RF

Bedrooms

5

Full Baths

2

Half Baths

0

Kitchens

2

Fireplaces

1

Living Area

2,300 sqft

Main Floor

1,150 sqft

Basement

1,150 sqft fin.

Lot Size

7,891 sqft

Lot Dimensions

60 x 130

Frontage

60

Year Built

1953

Age

72 years

Roof

Asphalt

Construction

Frame Wood, Wood Siding

Structure

Residential Detached

Parking Type

Detached, RV Access/Parking

Original Price

$2,500,000

Taxes

$7,126.49/yr

Listed

2025-07-07

MLS Area

Whalley

City

Surrey

Postal Code

V3T 4K5

Features & Finishes

Heating

Forced Air · Natural Gas

Cooling / A/C

Central Air · Air Conditioning

Flooring

Laminate · Mixed · Tile

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove

Fireplace

Gas

Patio / Porch

Patio · Deck

Exterior Features

Balcony · Private Yard

Building & Community

Transit

2 BLK

Schools

2 BLK

Lot Features

Central Location

Fencing

Fenced

Water Source

Public

Sewer

Public Sewer

Utilities

Electricity Connected, Water Connected

Community

Shopping Nearby

Building Amenities

Bike Room

Disclosures

Property Disclosure

Yes

Coordinates: 49.194801, -122.839205 · Map data © Google

5.3

Above Market

Deal Score out of 10

Priced above comparable sales — may have room to negotiate.

Value vs market108% above market — check if justified
Days on market302 days — significantly stale, strong negotiation position
Price historyNo price reduction — seller firm on price
Market conditionsBuyer's market — avg 96% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$2,348,741

6.1% below asking price

Negotiation Range

$2,286,241$2,386,241

$100,000 spread

$2,286,241$2,500,000 ask

Based on 42 recent sales, a starting offer around $2,348,741 (6.1% below ask) is reasonable. Your negotiation range is $2,286,241 – $2,386,241.

What's factored in

Market baseline42 recent Surrey sales closed at median 96.2% of list price
Extended market time302 days listed — well above market avg of 190 days, increased negotiation leverage
Above-average DOM302d vs market avg of 190d — property may have a pricing or condition issue

Based on 42 residential sales in Surrey (last 60 days) · Updated May 4

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