Home Surrey, BC West Newton Terrane 132 12040 68 Avenue

132 12040 68 Ave, Surrey BC V3W 1P5 – Townhouse for Sale – MLS® R3134353

132 12040 68 Avenue, Surrey, British Columbia V3W 1P5

Surrey Townhouses for Sale

152 days on the market

$739,900

Est. monthly cost $3,906/mo

Updated with MLS® - Nov 11, 2026 at 05:45am

4 Beds

4 Baths

2264 sqft

327 $ /sqft

595 $ Maint. fee

2005 built

11.4% price reduction

Photos

Welcome to Terrane! This beautifully renovated 2,264 sq. ft. townhome offers the space and comfort of a detached home, featuring extensive 2023 updates including new flooring, fresh paint, modern lighting, a stylish kitchen with stainless steel appliances, and built-in air conditioning for year-round comfort. With 4 spacious bedrooms, 4 bathrooms, and a fully finished basement complete with a large recreation room and full bath, this home provides exceptional flexibility for families, guests, or a home office setup. Move-in ready and ideally located close to schools, parks, shopping, and everyday amenities, this home perfectly blends space, style, and convenience.

Building 24 fields Inside & out 11 fields Lot & land 7 fields

Building Details

Price	$739,900
Total Bedrooms	4
Total Bathrooms	4
Full Bathrooms	3
Half Bathrooms	1
Floor Area Total (sqft)	2264
Year Built	2005
Age Of Building	21
Building Type	Townhouse
Property Type	Residential
Architecture Style	3 Storey
Stories	3
Building Amenities	Maintenance Grounds, Management, Recreation Facilities
Ownership Type	Freehold Strata
Maintenance Fee	$595
Amenities Nearby	Maintenance Grounds, Management, Recreation Facilities
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Garage Single, Front Access
Total Parking Spaces	2
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions	Cats OK, Dogs OK, Yes With Restrictions
Rental Suites	None

Interior Features

Basement Finished Area (sqft)	0
Basement Features	Finished
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove
Fireplace	1
Heating Type	Forced Air, Natural Gas
Laundry	In Unit
# of Kitchens	1
Flooring	Laminate, Tile, Carpet
Foundation	Concrete Perimeter

Exterior Features

Roof	Asphalt
Structures	Residential Attached

Lot & Land

MLS^® #	R3134353
Area	Surrey
Neighbourhood	West Newton
City	Surrey
Postal Code	V3W 1P5
Gross Taxes	$3,945.54
Zoning	CD

Property Timeline

Status	Date	Price
R3134353 / Active	06-12-2026	$739,900
to view full Property History (2 earlier records)

Rooms

Floor	Type	Dimensions
Main Level	Living Room	20' x 20' ft
Main Level	Dining Room	8'3 x 8'3 ft
Main Level	Kitchen	16'8 x 16'8 ft
Main Level	Foyer	5'5 x 5'5 ft
Above Level	Primary Bedroom	14'6 x 14'6 ft
Above Level	Walk-In Closet	5' x 5' ft
Above Level	Bedroom	10'9 x 10'9 ft
Above Level	Bedroom	8'9 x 8'9 ft
Below	Recreation Room	20' x 20' ft
Below	Bedroom	8'7 x 8'7 ft
Below	Laundry	4'11 x 4'11 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#2
Above Level	Yes	#3
Above Level	No	#3
Below	No	#3

Listed by: Century 21 Coastal Realty Ltd.

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.

About the building: Terrane

12040 68 Avenue, West Newton, Surrey

Terrane building details

Building

Built: 2005
Homes: 191 in 3 storeys
Construction: Frame - Wood
Title: Freehold Strata
Strata plan: BCS862
Managed by: Dwell Property Management
Parking: Visitor Parking, Grge/Double Tandem
Lockers: Limited
Strata fee covers: Snow removalRecreation FacilityManagementGardeningGarbage Pickup

Bylaws on record

Pets: Restricted; Cats and dogs OK, max 2
Rentals: Allowed

Market at Terrane

For sale: 4
Median ask: $774K
Median $/sqft: $409
Days on market: 146
Sold, past year: 2

This home

$327/sqft, 20% below the building median of $409.

Homes for sale at Terrane, Surrey Recent sold listings in Terrane, Surrey

From MLS® and public strata records. Verify against the current Form B and registered bylaws.

Map, sell speed & climate

SkyTrain 7.05 km · Tamanawis Secondary School 5.6/10 · 1.32 km · crime average · sell-speed score 57/100 (moderate pace) · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Restaurants (23 nearby)

Masala junction · 532 m · Restaurant
Sushi wara · 607 m · Restaurant
Brown's socialhouse · 618 m · Restaurant

Shopping (19 nearby)

Envision financial · 632 m · Bank
Scottsdale · 632 m · Post Office
Specsavers · 670 m · Optician

Groceries (8 nearby)

Fruiticana · 526 m · Greengrocer
Save-on-foods · 590 m · Supermarket
Calvin's farm market · 637 m · Greengrocer

Cafes (3 nearby)

Starbucks · 628 m · Cafe
Tim hortons · 944 m · Cafe
Starbucks · 969 m · Cafe

Healthcare (2 nearby)

Vivacare pharmacy · 873 m · Healthcare
Pharmasave · 909 m · Healthcare

Transit (1 nearby)

Bus stop eastbound 72 ave @ 118 st · 996 m · Transit

Public Schools

Elementary
Beaver Creek Elementary School: Average 0.83 km 4/10
Secondary
Tamanawis Secondary School: Average 1.32 km 5.6/10

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

Private Schools

Elementary
St Bernadette: Above Average 2.27 km 8.6/10
Elementary,Secondary
Regent Christian Online Academy: Above Average 6.22 km 8.2/10

Closest Transit

Bus Stop
Northbound Scott Rd @ 68 Ave: 0.13 km
Skytrain
Skytrain @ Green Timbers Station ( Under Construction till 2029): 7.05 km

Crime Rate

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

Demographics

Post-Secondary Education: Below Average 23.7%
No Certificate/Degree: Above Average 21.1%
Owner Occupied: Above Average 82%
Employment Rate: Above Average 77.7%

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

57 / 100

Overall sell-speed score

Moderate pace expected

B+

Price competition grade

Avg comparable: $785,000

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 7.05 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 WEST NEWTON compares

This property

152 DOM

Listed

132 12040 68 Avenue has a sell-speed score of 57/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 5.7% below comparable active properties in West Newton, which is a strong competitive signal. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V3W 1P5

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3W 1P5, 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 A / Excellent

Annual avg PM2.5 4.5 µg/m³ — meets WHO 2021 guideline. Nearest station: North Delta, Delta (~3.7 km). Annual avg AQHI 2.1 — 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
Cougar Creek Elementary School	Public	Grades Served K-7	Catchment Info —	4.5 / 10	Distance 653 m
Beaver Creek Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	4.0 / 10	Distance 832 m
Boundary Park Elementary	Public	Grades Served —	Catchment Info —	6.5 / 10	Distance 1.14 KM
Cougar Canyon Elementary	Public	Grades Served —	Catchment Info —	6.7 / 10	Distance 1.19 KM
Seaquam Secondary	Public	Grades Served —	Catchment Info —	7.2 / 10	Distance 1.19 KM
Tamanawis Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	5.6 / 10	Distance 1.32 KM
Pinewood Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 1.33 KM
Sunshine Hills Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 1.57 KM
Westerman Elementary School	Public	Grades Served K-7	Catchment Info —	3.6 / 10	Distance 1.76 KM
Martha Jane Norris Elementary School	Public	Grades Served K-7	Catchment Info —	4.4 / 10	Distance 1.79 KM
Strawberry Hill Elementary School	Public	Grades Served K-7	Catchment Info —	3.6 / 10	Distance 1.86 KM
Princess Margaret Secondary School	Public	Grades Served 8-12	Catchment Info —	5.2 / 10	Distance 1.86 KM
Jarvis Traditional Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 1.92 KM
J T Brown Elementary School	Public	Grades Served K-7	Catchment Info —	4.0 / 10	Distance 1.92 KM
Panorama Park Elementary School	Public	Grades Served K-7	Catchment Info —	4.5 / 10	Distance 2.11 KM
Dr. F. D. Sinclair Elementary School	Public	Grades Served K-7	Catchment Info —	3.8 / 10	Distance 2.11 KM
Chalmers Elementary School	Public	Grades Served K-7	Catchment Info —	5.0 / 10	Distance 2.12 KM
Gabrielle-Roy	Public	Grades Served —	Catchment Info —	6.1 / 10	Distance 2.24 KM
Burnsview Secondary	Public	Grades Served —	Catchment Info —	6.4 / 10	Distance 2.27 KM
St Bernadette	Independent	Grades Served —	Catchment Info —	8.6 / 10	Distance 2.27 KM
St. Bernadette	Independent	Grades Served K-7	Catchment Info —	8.6 / 10	Distance 2.31 KM
W E Kinvig Elementary School	Public	Grades Served K-7	Catchment Info —	3.2 / 10	Distance 2.57 KM
McCloskey Elementary School	Public	Grades Served K-7	Catchment Info —	3.7 / 10	Distance 2.74 KM
Henry Bose Elementary School	Public	Grades Served K-7	Catchment Info —	3.8 / 10	Distance 2.84 KM
Al-Mustafa School	Independent	Grades Served —	Catchment Info —	N/A	Distance 2.91 KM
Colebrook Elementary School	Public	Grades Served K-7	Catchment Info —	5.4 / 10	Distance 2.97 KM

Walkability & Transit Near 132 12040 68 Avenue

Very Walkable 74

Walk Score - Very Walkable

Most errands can be accomplished on foot

Good Transit 57

Transit Score - Good Transit

Many nearby public transportation options

Bikeable 55

Bike Score - Bikeable

Some bike infrastructure

BC Assessment Value — 132 12040 68 Avenue

2026 assessed value, sourced from City of Surrey open data (PID 026-307-421).

Total Assessed Value (2026)

$934,000

2026 Value Trend

Land

$676,000

Buildings

$258,000

Year Built

N/A

Class

N/A

Zoning

Property Tax

N/A

Year	Land	Improvements	Total Assessed	YOY Change
2026	$676,000	$258,000	$934,000	—

Costs & calculators

Monthly cost about $3,906/month · rent estimate $2,819/month · owning catches up with renting by year 14 · cash flow if rented −$1,288/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 132 12040 68 Avenue

$3,906 /month

Principal & Interest $2,982

Property Taxes $329

Maintenance fee $595

The estimated monthly cost of 132 12040 68 Avenue, Surrey is $3,906: $2,982 principal and interest with 20% down over 30 years at 4.45%, plus $329 property tax and $595 strata fee.

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

−$1,288 /month

Mortgage Payment $2,982

Monthly Cash Flow −$1,288

Break Even Down Payment 55%

Cap Rate -2.1%

Cash on Cash -10.4%

If 132 12040 68 Avenue, Surrey were rented at $2,819 a month with 5% vacancy, it would fall $1,288 a month short of the mortgage and carrying costs; about 55% 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 132 12040 68 Avenue, Surrey

$2,819 / month

Rent $2,819

Own $3,906

Principal: $959/mo Interest, tax, insurance, fees: $2,947/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$803/mo (year 1) → ~$1,867/mo (year 20) → ~$2,785/mo (year 29).

Net cost to own at year 5 ~$2,947/mo About $128/mo more than renting

EstateBlock estimates 132 12040 68 Avenue, Surrey would rent for about $2,819 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: 132 12040 68 Avenue

Rent vs own

Owning catches up by year 14

With 20% down ($147,980) at 4.45%: renting is cheaper at first, but principal paydown closes the gap

Principal paid off by year 5 $52,748

Principal paid off by year 10 $118,613

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 132 12040 68 Avenue, Surrey is cheaper at first, but owning catches up by year 14, with $52,748 of principal paid off by year 5 and $118,613 by year 10.