Home Surrey, BC Whalley 10587 138a Street

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!!!Land Assembly Opportunity!!! 2.5 FSR, Prime investment in Surrey’s growing Whalley neighborhood! This 12,008 sq ft lot offers a well-maintained 1-storey home featuring 1,056 sq ft of living space, 3 bedrooms, and 1 bathroom. Ideal for land assembly and future development. Conveniently located near schools, parks, shopping, transit, and the expanding Surrey City Centre. A solid holding property with excellent future potential. Don’t miss this chance to invest in a thriving community!

Building 19 fields Inside & out 9 fields Lot & land 10 fields

Building Details

Price	$4,080,000
Total Bedrooms	3
Total Bathrooms	1
Full Bathrooms	1
Half Bathrooms	0
Floor Area Total (sqft)	1056
Year Built	1960
Age Of Building	66
Building Type	Single Family Residence
Property Type	Residential
Architecture Style	Rancher/Bungalow
Stories	1
Ownership Type	Freehold NonStrata
Community Features	Shopping Nearby
Utility Type	Electricity Connected, Natural Gas Connected
Utility Sewer	Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Carport Single, Asphalt
Rental Suites	None

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove
Heating Type	Forced Air
# of Kitchens	1
Flooring	Wall/Wall/Mixed
Foundation	Concrete Perimeter

Exterior Features

Roof	Asphalt
Structures	Residential Detached

Lot & Land

Lot Size	12008
Lot Size Depth	Feet
Lot Size Frontage	92.5
MLS^® #	R3121649
Area	North Surrey
Neighbourhood	Whalley
City	Surrey
Postal Code	V3T 4L2
Gross Taxes	0
Zoning	RF

Property Timeline

Status	Date	Price
R3121649 / Active	05-11-2026	$4,080,000
to view full Property History (1 earlier record)

Rooms

Floor	Type	Dimensions
Main Level	Living Room	16' x 16' ft
Main Level	Laundry	8' x 8' ft
Main Level	Kitchen	10' x 10' ft
Main Level	Dining Room	10' x 10' ft
Main Level	Primary Bedroom	12' x 12' ft
Main Level	Bedroom	10' x 10' ft
Main Level	Bedroom	10' x 10' ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#4

Listed by: eXp Realty of Canada Inc.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS^® which assumes no responsibility for its accuracy.

Map, sell speed & climate

SkyTrain 0.94 km · Kwantlen Park Secondary School 5.7/10 · 1.42 km · crime average · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Restaurants (39 nearby)

Doni korean restaurant · 411 m · Restaurant
Domino's · 418 m · Fast Food
Manis pan-asian eatery · 425 m · Restaurant

Shopping (28 nearby)

Michael & young fly shop · 320 m · Sports Shop
Pharmasave · 412 m · Pharmacy
104 coin laundry · 473 m · Laundry

Groceries (16 nearby)

Surrey super market · 363 m · Supermarket
Lucky supermarket · 400 m · Supermarket
Pacific coast convenience · 437 m · Convenience

Cafes (10 nearby)

Huyen cafe · 582 m · Cafe
Ken's tea house · 603 m · Cafe
Starbucks · 623 m · Cafe

Healthcare (5 nearby)

Pharmasave · 412 m · Healthcare
East to west holistic · 561 m · Healthcare
Gain pharmacy · 577 m · Healthcare

Transit (3 nearby)

Skytrain @ surrey central stn station · 940 m · Transit
Bus stop southbound university dr @ 104 ave · 950 m · Transit
Skytrain @ gateway stn station · 980 m · Transit

Public Schools

Elementary
Forsyth Road Elementary School: Below Average 0.29 km 3.3/10
Secondary
Kwantlen Park Secondary School: Average 1.42 km 5.7/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Our Lady of Good Counsel: Above Average 0.25 km 8.5/10
Secondary
Honour Secondary School: 1.82 km

Closest Transit

Bus Stop
Westbound 104 Ave @ 138A St: 0.38 km
Skytrain
Skytrain @ Surrey Central Stn: 0.94 km

Crime Rate

Total Crime Rate: Average
Violent Crime Rate: Below Average
Property Crime Rate: Average

Demographics

Post-Secondary Education: Below Average 18.9%
No Certificate/Degree: Above Average 20.9%
Owner Occupied: Above Average 79%
Employment Rate: Above Average 70.4%

Noise/ Power Lines

Road/Hwy Noise: Possible
Railway/Sky train Noise: Unlikely
Airport/Port Noise: Unlikely
Close to major Power Lines: Unlikely

Other

Agricultural Land Reserve (ALR): Unlikely
Flood Area: Unlikely
Close to Cemeteries: Unlikely

Sell Speed & Competition

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.94 km from station

Road / Highway noise

Possible — major road nearby

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How WHALLEY compares

This property

186 DOM

Listed

Climate Risk for V3T 4L2

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3T 4L2, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality B / Good

Annual avg PM2.5 5.2 µg/m³ — meets Canada's CAAQS. Nearest station: New Westminster Sapperton Park, New Westminster (~5.4 km). Annual avg AQHI 0 — Low Risk.

Heat Moderate

Surrey currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~8 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30 °C baseline, ~32.5 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.

Precipitation Increasing

Annual precipitation ~1516 mm (1981–2010 baseline), projected ~1574 mm by the 2050s. Extreme 1-day rainfall: ~51.5 mm baseline, ~57.1 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~23 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Schools NearBy

26 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Our Lady of Good Counsel	Independent	Grades Served K-7	Catchment Info —	8.5 / 10	Distance 248 m
Forsyth Road Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	3.3 / 10	Distance 291 m
Mary Jane Shannon Elementary School	Public	Grades Served K-7	Catchment Info —	3.7 / 10	Distance 1.20 KM
James Ardiel Elementary School	Public	Grades Served K-7	Catchment Info —	3.7 / 10	Distance 1.34 KM
Lena Shaw Elementary School	Public	Grades Served K-7	Catchment Info —	4.0 / 10	Distance 1.37 KM
Kwantlen Park Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	5.7 / 10	Distance 1.42 KM
Guildford Park Secondary School	Public	Grades Served 8-12	Catchment Info —	5.5 / 10	Distance 1.43 KM
Surrey Traditional School	Public	Grades Served K-7	Catchment Info —	5.6 / 10	Distance 1.46 KM
K B Woodward Elementary School	Public	Grades Served K-7	Catchment Info —	3.7 / 10	Distance 1.46 KM
City Central Learning Centre	Public	Grades Served 10-12	Catchment Info —	3.0 / 10	Distance 1.58 KM
Old Yale Road Elementary School	Public	Grades Served K-7	Catchment Info —	4.2 / 10	Distance 1.60 KM
Ellendale Elementary School	Public	Grades Served K-7	Catchment Info —	3.0 / 10	Distance 1.67 KM
Honour Secondary School	Independent	Grades Served 10-12	Catchment Info —	N/A	Distance 1.82 KM
Hjorth Road Elementary School	Public	Grades Served K-7	Catchment Info —	3.1 / 10	Distance 1.90 KM
Holly Elementary School	Public	Grades Served K-7	Catchment Info —	3.6 / 10	Distance 2.30 KM
Continuing Ed SD36 (Queen Elizabeth)	Public	Grades Served —	Catchment Info —	3.1 / 10	Distance 2.45 KM
Queen Elizabeth Secondary School	Public	Grades Served 8-12	Catchment Info —	5.4 / 10	Distance 2.47 KM
Simon Cunningham Elementary School	Public	Grades Served K-7	Catchment Info —	4.1 / 10	Distance 2.49 KM
Iqra School	Independent	Grades Served K-7	Catchment Info —	9.2 / 10	Distance 2.63 KM
North Surrey Learning Centre	Public	Grades Served 10-12	Catchment Info —	3.2 / 10	Distance 2.66 KM
SD 36 Alternate North Surrey LC	Public	Grades Served —	Catchment Info —	6.3 / 10	Distance 2.68 KM
Education Services (Alternate)	Public	Grades Served —	Catchment Info —	3.8 / 10	Distance 2.70 KM
Bonaccord Elementary School	Public	Grades Served K-7	Catchment Info —	5.8 / 10	Distance 2.83 KM
Betty Huff Elementary School	Public	Grades Served K-7	Catchment Info —	3.4 / 10	Distance 2.92 KM
Guildford Learning Centre	Public	Grades Served 10-12	Catchment Info —	3.7 / 10	Distance 2.94 KM
A H P Matthew Elementary	Public	Grades Served —	Catchment Info —	4.5 / 10	Distance 2.98 KM

Pre-computed routes from 10587 138a St, Surrey, BC

10587 138a St, Surrey, BC Surrey Central 0.9 km

52 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Surrey Central → Waterfront
52 min
Metrotown, Burnaby via Surrey Central → Metrotown
34 min
SFU Burnaby via Surrey Central → Production Way
32 min
Richmond Centre via Surrey Central → Brighouse
77 min
YVR Airport via Surrey Central → YVR-Airport
78 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
27 min
Metrotown, Burnaby via Lougheed Hwy
15 min
SFU Burnaby via Gaglardi Way
10 min
Richmond Centre via No. 3 Rd
26 min
YVR Airport via Bridgeport / Sea Island
30 min

Calculate your commute

10587 138a St, Surrey, BC is ideally located for commuters. The property is 0.9 km from Surrey Central, with a 52 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound 104 Ave @ 138A St (0.38 km). Walk Score Transit rating: Excellent Transit (80/100).

Walkability & Transit Near 10587 138a Street

Very Walkable 83

Walk Score - Very Walkable

Most errands can be accomplished on foot

Excellent Transit 80

Transit Score - Excellent Transit

Transit is convenient for most trips

Very Bikeable 78

Bike Score - Very Bikeable

Biking is convenient for most trips

BC Assessment Value — 10587 138a Street

2026 assessed value, sourced from City of Surrey open data (PID 010-246-045).

Total Assessed Value (2026)

$2,559,000

2026 Value Trend

Land

$2,549,000

Buildings

$10,000

Year Built

N/A

Class

N/A

Zoning

Property Tax

N/A

Year	Land	Improvements	Total Assessed	YOY Change
2026	$2,549,000	$10,000	$2,559,000	—

Costs & calculators

Monthly cost about $16,441/month · rent estimate $9,665/month · owning catches up with renting by year 19 · cash flow if rented −$7,531/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 10587 138a Street

$16,441 /month

Principal & Interest $16,441

Property Taxes $0

Maintenance fee $0

The estimated monthly cost of 10587 138a Street, Surrey is $16,441: $16,441 principal and interest with 20% down over 30 years at 4.45%.

or Call 778-918-5990

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Investment Cashflow Calculator

−$7,531 /month

Mortgage Payment $16,441

Monthly Cash Flow −$7,531

Break Even Down Payment 57%

Cap Rate -2.2%

Cash on Cash -11.1%

If 10587 138a Street, Surrey were rented at $9,665 a month with 5% vacancy, it would fall $7,531 a month short of the mortgage and carrying costs; about 57% down would break even.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 10587 138a Street, Surrey

$9,665 / month

Rent $9,665

Own $16,441

Principal: $5,288/mo Interest, tax, insurance, fees: $11,153/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$4,427/mo (year 1) → ~$10,295/mo (year 20) → ~$15,354/mo (year 29).

Net cost to own at year 5 ~$11,153/mo About $1,488/mo more than renting

EstateBlock estimates 10587 138a Street, Surrey would rent for about $9,665 a month.

Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Rent vs own: 10587 138a Street

Rent vs own

Owning catches up by year 19

With 20% down ($816,000) at 4.45%: renting is cheaper at first, but principal paydown closes the gap

Principal paid off by year 5 $290,866

Principal paid off by year 10 $654,065

Assumes 20% down payment, 4.45% fixed rate, 30-year amortization. Rent line = full rent (money gone). Own line = interest + property tax + fees, excluding principal (money you keep as equity). No appreciation, investment returns or transaction costs included.

Renting 10587 138a Street, Surrey is cheaper at first, but owning catches up by year 19, with $290,866 of principal paid off by year 5 and $654,065 by year 10.