10661 138a Street, Surrey, V3T 4L2 — photo 1

$2,900,000

10661 138a Street, Surrey, V3T 4L2
Active
4 Bedrooms 4 Bathrooms 3,271 sqft 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

**Land Assembly*** Situated in a quiet cul-de-sac, this property offers zoning potential up to 2.5 FAR for a 6-storey multi-family residential project. Located just a short walk from SFU Surrey, City Hall, Surrey Central and Gateway SkyTrain Stations, shopping, restaurants, schools, and parks, it provides unmatched convenience. With quick access to King George Hwy, Highway 1, and Highway 99, the location is perfect for future residents. The property falls within the Surrey City Centre Plan, with a well-kept house and suite offering great rental income potential while awaiting permits. Take advantage of this rare opportunity in Surrey's booming market!

Fireplace

Property Details

MLS #

R3040777

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

RF

Bedrooms

4

Full Baths

4

Half Baths

0

Kitchens

2

Fireplaces

1

Living Area

3,271 sqft

Main Floor

1,809 sqft

Basement

1,462 sqft fin.

Roof

Asphalt

Construction

Frame Wood, Wood Siding

Structure

Residential Detached

Parking Stalls

1

Carport

1 spaces

Parking Type

Carport Single, Front Access

Original Price

$2,900,000

Listed

2025-08-26

MLS Area

Whalley

City

Surrey

Postal Code

V3T 4L2

Features & Finishes

Heating

Forced Air · Natural Gas

Flooring

Laminate · Wall/Wall/Mixed

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove

Fireplace

Electric

Patio / Porch

Patio · Deck

Exterior Features

Balcony

Building & Community

Fencing

Fenced

Water Source

Public

Sewer

Public Sewer

Utilities

Electricity Connected, Natural Gas Connected

Disclosures

Property Disclosure

Yes

Coordinates: 49.196281, -122.838646 · Map data © Google

5.3

Above Market

Deal Score out of 10

Priced above comparable sales — may have room to negotiate.

Value vs market70% above market — check if justified
Days on market252 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

$2,734,527

5.7% below asking price

Negotiation Range

$2,662,027$2,778,027

$116,000 spread

$2,662,027$2,900,000 ask

Based on 42 recent sales, a starting offer around $2,734,527 (5.7% below ask) is reasonable. Your negotiation range is $2,662,027 – $2,778,027.

What's factored in

Market baseline42 recent Surrey sales closed at median 96.1% of list price
Extended market time252 days listed — well above market avg of 188 days, increased negotiation leverage

Based on 42 residential sales in Surrey (last 60 days) · Updated May 5

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