Home Surrey, BC West Newton Lakewood Terrace 205 6557 121 Street

205 6557 121 St, Surrey BC - Apartment/Condo for Sale - MLS# R3164167

6 days on the market

$588,000

Est. Mortgage $2,601/mo

Listing updated: Sep 14, 2026 at 09:03am

EstateBlock checked: Sep 17, 2026 at 05:10am

Lakewood Terrace

2 Beds

3 Baths

1337 sqft

440 $ /sqft

670 $ Maint. fee

1997 built

NEW

6 days on the market

$588,000

Est. $2,601/mo with 20% down

Listing updated: Sep 14, 2026 at 09:03am

EstateBlock checked: Sep 17, 2026 at 05:10am

Photos

Exterior Front Photo of 205 6557 121 Street, Surrey, BC

Exterior Rear Photo of 205 6557 121 Street, Surrey, BC

Living Room Photo of 205 6557 121 Street, Surrey, BC

Family Room Photo of 205 6557 121 Street, Surrey, BC

Dining Area Photo of 205 6557 121 Street, Surrey, BC

Kitchen Photo of 205 6557 121 Street, Surrey, BC

Kitchen Island Photo of 205 6557 121 Street, Surrey, BC

END CORNER UNIT with 2 primary bedrooms (each with their own ensuite bathroom & walk-in-closet!!) PLUS third bathroom for guests! Home is being professionally painted & new laminate flooring in kitchen, bathrooms & foyer. Home is welcoming and spacious (over 1,300 sqft) with cozy gas fireplace and large windows in every room looking out over the peaceful greenspace. Plus in-suite laundry, 2 underground parking spots & a storage locker. This home would be amazing for a family or two separate parties who share the home. Strata includes in-floor radiant heating, water and gas. This well-cared-for complex offers an amazing location close to transit, shopping, restaurants & walking distance to elementary & secondary schools. Listed for $73k under assessed value! Hurry, this one is special!

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove
Fireplace	1
Heating Type	Natural Gas, Radiant
Laundry	In Unit
# of Kitchens	1
Flooring	Laminate, Carpet
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Garden
View Description	Gardens
Roof	Asphalt
Structures	Multi Family, Residential Attached

Building Details

Price	$588,000
Total Bedrooms	2
Total Bathrooms	3
Full Bathrooms	2
Half Bathrooms	1
Floor Area Total (sqft)	1337
Year Built	1997
Age Of Building	29
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Maintenance Grounds, Management, Snow Removal
Building Name	Lakewood Terrace
Ownership Type	Freehold Strata
Maintenance Fee	$670
Community Features	Shopping Nearby
Amenities Nearby	Maintenance Grounds, Management, Snow Removal
Utility Type	Community, Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Garage Under Building, Guest
Total Parking Spaces	2
Strata Restrictions	Pets Allowed w/Rest.
Pet Restrictions	Cats OK, Dogs OK, Yes With Restrictions
Rental Suites	None

Lot & Land

MLS^® #	R3164167
Area	Surrey
Neighbourhood	West Newton
City	Surrey
Postal Code	V3W 1E7
Gross Taxes	$2,862.68
Zoning	CD

Property Timeline

Status	Date	Price
R3164167 / Active	09-11-2026	$588,000

Rooms

Floor	Type	Dimensions
Main Level	Kitchen	12'0 x 12'0 ft
Main Level	Dining Room	14'8 x 14'8 ft
Main Level	Living Room	17'4 x 17'4 ft
Main Level	Primary Bedroom	14'8 x 14'8 ft
Main Level	Bedroom	12'5 x 12'5 ft
Main Level	Laundry	5'10 x 5'10 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#4

Listed by: RE/MAX Truepeak Realty

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 & Neighbourhood

Public Schools

Elementary
Beaver Creek Elementary School: Average 0.57 km 4/10
Secondary
Tamanawis Secondary School: Average 1.19 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 2.16 km 8.6/10
Elementary,Secondary
Regent Christian Online Academy: Above Average 6.14 km 8.2/10

Closest Transit

Bus Stop
Northbound Scott Rd @ 66 Ave: 0.22 km
Skytrain
Skytrain @ Green Timbers Station ( Under Construction till 2029): 7.40 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

38 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $546,252

Buyer's

Market conditions

Buyer's market — more supply than demand

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 7.40 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

6 DOM

Listed

West Newton avg

—

Surrey avg

—

205 6557 121 Street has a sell-speed score of 38/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 7.1% above comparable active properties in West Newton. The local market is currently a Buyer's Market with a sales-to-active ratio of 10.9% — buyers have more leverage. With only 2148 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V3W 1E7

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3W 1E7, 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 (BC ENV 2024). Nearest station: North Delta, Delta (~4.2 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.

Nearby Restaurants, Cafes & Shops

Shopping (12 nearby)

Envision financial · 277 m · Bank
Fini hair co. · 341 m · Hairdresser
Paradigm optical · 347 m · Optician

Restaurants (11 nearby)

Brown's socialhouse · 235 m · Restaurant
Sushi wara · 237 m · Restaurant
Sunshine hills pizza & chicken · 301 m · Fast Food

Groceries (4 nearby)

Calvin's farm market · 290 m · Greengrocer
7-eleven · 381 m · Convenience
Safeway · 389 m · Supermarket

Healthcare (2 nearby)

Pharmasave · 449 m · Healthcare
Vivacare pharmacy · 450 m · Healthcare

Cafes (1 nearby)

Starbucks · 263 m · Cafe

Transit (1 nearby)

Bus stop eastbound kittson parkway @ summit cres · 969 m · Transit

Schools NearBy

26 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Beaver Creek Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	4.0 / 10	Distance 570 m
Boundary Park Elementary	Public	Grades Served —	Catchment Info —	6.5 / 10	Distance 718 m
Pinewood Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 960 m
Cougar Creek Elementary School	Public	Grades Served K-7	Catchment Info —	4.5 / 10	Distance 1.05 KM
Tamanawis Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	5.6 / 10	Distance 1.19 KM
Cougar Canyon Elementary	Public	Grades Served —	Catchment Info —	6.7 / 10	Distance 1.43 KM
Seaquam Secondary	Public	Grades Served —	Catchment Info —	7.2 / 10	Distance 1.43 KM
J T Brown Elementary School	Public	Grades Served K-7	Catchment Info —	4.0 / 10	Distance 1.48 KM
Sunshine Hills Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 1.67 KM
Martha Jane Norris Elementary School	Public	Grades Served K-7	Catchment Info —	4.4 / 10	Distance 1.70 KM
Panorama Park Elementary School	Public	Grades Served K-7	Catchment Info —	4.5 / 10	Distance 1.80 KM
Princess Margaret Secondary School	Public	Grades Served 8-12	Catchment Info —	5.2 / 10	Distance 2.06 KM
St Bernadette	Independent	Grades Served —	Catchment Info —	8.6 / 10	Distance 2.16 KM
St. Bernadette	Independent	Grades Served K-7	Catchment Info —	8.6 / 10	Distance 2.18 KM
Westerman Elementary School	Public	Grades Served K-7	Catchment Info —	3.6 / 10	Distance 2.22 KM
Gabrielle-Roy	Public	Grades Served —	Catchment Info —	6.1 / 10	Distance 2.27 KM
Strawberry Hill Elementary School	Public	Grades Served K-7	Catchment Info —	3.6 / 10	Distance 2.29 KM
Jarvis Traditional Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 2.39 KM
Dr. F. D. Sinclair Elementary School	Public	Grades Served K-7	Catchment Info —	3.8 / 10	Distance 2.40 KM
Al-Mustafa School	Independent	Grades Served —	Catchment Info —	0	Distance 2.45 KM
Colebrook Elementary School	Public	Grades Served K-7	Catchment Info —	5.4 / 10	Distance 2.51 KM
Chalmers Elementary School	Public	Grades Served K-7	Catchment Info —	5.0 / 10	Distance 2.53 KM
W E Kinvig Elementary School	Public	Grades Served K-7	Catchment Info —	3.2 / 10	Distance 2.64 KM
Burnsview Secondary	Public	Grades Served —	Catchment Info —	6.4 / 10	Distance 2.67 KM
Henry Bose Elementary School	Public	Grades Served K-7	Catchment Info —	3.8 / 10	Distance 2.73 KM
North Ridge Elementary School	Public	Grades Served K-7	Catchment Info —	3.4 / 10	Distance 2.94 KM

Walkability & Transit Near 205 6557 121 Street

Car-Dependent 75

Walk Score - Very Walkable

Most errands can be accomplished on foot

Some Transit 43

Transit Score - Some Transit

A few nearby public transportation options

Somewhat
Bikeable 59

Bike Score - Bikeable

Some bike infrastructure

BC Assessment Value — 205 6557 121 Street

2026 assessed value, sourced from City of Surrey open data (PID 023-907-304).

Total Assessed Value (2026)

$661,000

2026 Value Trend

Land

$463,000

Buildings

$198,000

Year Built

N/A

Class

N/A

Zoning

Property Tax

N/A

Year	Land	Improvements	Total Assessed	YOY Change
2026	$463,000	$198,000	$661,000	—

Mortgage Calculator for 205 6557 121 Street

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $239

Maintenance fee 670

Financing 80% of the $588,000 asking price over 30 years at 4% results in approximately $3,155/month in total estimated carrying costs, $239 property tax, $670 maintenance fee.

or Call 778-918-5990

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

Listing data last synced: Sep 14, 2026

Investment Cashflow Calculator

Property Tax (Monthly)

Basic Insurance Cost

Maintenance Fee

Rental Income

Vacancy Rate

Down Payment

Down Payment (percent)

/month

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Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

This listing generates an estimated $2,186/month in rental income, leaving a -$1,027/month cashflow at current carrying costs. Investors targeting break-even would need roughly 57% down.

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

Estateblock Rent Estimate for 205 6557 121 Street, Surrey

Buy Vs Rent Calculator

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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.