Home Surrey, BC East Newton Midtown Villa 315 7505 138 Street

315 7505 138 St, Surrey BC V3W 0W6 – Condo for Sale – MLS® R3168073

315 7505 138 Street, Surrey, British Columbia V3W 0W6

Surrey Condos for Sale

47 days on the market

$389,900

Est. monthly cost $2,061/mo

Updated with MLS® - Nov 8, 2026 at 08:45am

1 Beds

1 Baths

690 sqft

565 $ /sqft

327.8 $ Maint. fee

1994 built

Motivated Sellers

Photos

WELCOME to this one-of-a-kind EAST NEWTON 690 SQ. FT. condo in the MIDTOWN VILLAS complex! located MINUTES AWAY from NEWTON BUS exchange in ONE of surrey’s most desirable RENTALS ALLOWED building. This FULLY RENOVATED open-concept 1-bedroom condo comes with in-suite laundry, updated kitchen, countertops, gas fireplace with GAS included in the STRATA FEE and much more, plus a storage locker, parking stall & loads of NATURAL SUNLIGHT! Relax with your family and friends or enjoy a cold beverage on your own extended balcony. This centrally located complex is well maintained with a PRO-ACTIVE STRATA & is walking distance from schools, shopping & transit. MOTIVATED SELLERS ! Additional parking stalls can be rented for $35 a month

Building 25 fields Inside & out 13 fields Lot & land 7 fields

Building Details

Price	$389,900
Total Bedrooms	1
Total Bathrooms	1
Full Bathrooms	1
Half Bathrooms	0
Floor Area Total (sqft)	690
Year Built	1994
Age Of Building	32
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Bike Room, Trash, Maintenance Grounds, Gas, Snow Removal, Water
Ownership Type	Freehold Strata
Maintenance Fee	$327.8
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Trash, Maintenance Grounds, Gas, Snow Removal, Water
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Additional Parking, Underground, Guest
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions	Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Rental Suites	None
Units In Development	54

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features	Elevator, Storage
Fireplace	1
Heating Type	Baseboard, Electric, Natural Gas
Laundry	In Unit
# of Kitchens	1
Flooring	Hardwood, Mixed
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Balcony
Roof	Asphalt
Structures	Multi Family, Residential Attached

Lot & Land

MLS^® #	R3168073
Area	Surrey
Neighbourhood	East Newton
City	Surrey
Postal Code	V3W 0W6
Gross Taxes	$1,947.62
Zoning	MF

Property Timeline

Status	Date	Price
R3168073 / Active	09-22-2026	$389,900

Rooms

Floor	Type	Dimensions
Main Level	Foyer	10'4 x 10'4 ft
Main Level	Kitchen	9'7 x 9'7 ft
Main Level	Dining Room	11'7 x 11'7 ft
Main Level	Living Room	14'11 x 14'11 ft
Main Level	Bedroom	15'7 x 15'7 ft
Main Level	Walk-In Closet	6'11 x 6'11 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#4

Listed by: Keller Williams Bold 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.

About the building: Midtown Villa

7505 138 Street, East Newton, Surrey

Midtown Villa building details

Building

Built: 1994
Homes: 54
Construction: Other, Frame - Wood
Title: Freehold Strata
Strata plan: LMS1364
Managed by: Crossroads Management
Parking: Visitor Parking, Garage: Underground
Lockers: Limited
Strata fee covers: ManagementGasGardeningGarbage Pickup

Bylaws on record

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

Market at Midtown Villa

For sale: 5
Median ask: $450K
Median $/sqft: $561
Days on market: 50
Sold, past year: 2

This home

$565/sqft, in line with the building median of $561.

Homes for sale at Midtown Villa, Surrey Recent sold listings in Midtown Villa, Surrey

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

Map, sell speed & climate

SkyTrain 4.15 km · Frank Hurt Secondary School 4.9/10 · 0.47 km · crime average · sell-speed score 44/100 (may take longer) · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Shopping (46 nearby)

L.a. nails · 182 m · Beauty Shop
Bmo · 222 m · Bank
Prospera · 248 m · Bank

Restaurants (34 nearby)

Mary brown's · 152 m · Fast Food
Haveli bistro restaurant · 153 m · Restaurant
Pho newton · 188 m · Fast Food

Groceries (15 nearby)

New wave convenience & smoke shop · 263 m · Convenience
Bc liquor store · 283 m · Beverages
Al salam halal meat & grocery · 310 m · Butcher

Healthcare (5 nearby)

Universal pharmacy · 387 m · Healthcare
Shoppers drug mart · 495 m · Healthcare
Costco pharmacy · 514 m · Healthcare

Cafes (4 nearby)

Starbucks · 352 m · Cafe
Espresso café · 369 m · Cafe
Tim hortons · 563 m · Cafe

Gyms (1 nearby)

Andrew sheret · 957 m · Gym

Transit (1 nearby)

Bus stop northbound 138 st @ 70 ave · 977 m · Transit

Public Schools

Elementary
Bear Creek Elementary School: Below Average 1.01 km 3.4/10
Secondary
Frank Hurt Secondary School: Average 0.47 km 4.9/10

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

Private Schools

Elementary
Surrey Muslim School: Average 0.65 km 6.7/10
Elementary,Secondary
Regent Christian Online Academy: Above Average 3.25 km 8.2/10

Closest Transit

Bus Stop
Southbound 138 St @ 75A Ave: 0.05 km
Skytrain
Skytrain @ 152 St Station ( Under Construction till 2029): 4.15 km

Crime Rate

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

Demographics

Post-Secondary Education: Below Average 14.4%
No Certificate/Degree: Above Average 23.2%
Owner Occupied: Average 68.2%
Employment Rate: Above Average 68.4%

Noise/ Power Lines

Road/Hwy Noise: Unlikely
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

44 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $365,000

Buyer's

Market conditions

Buyer's market — more supply than demand

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 4.15 km from station

Road / Highway noise

Unlikely

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How EAST NEWTON compares

This property

47 DOM

Listed

315 7505 138 Street has a sell-speed score of 44/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 6.8% above comparable active properties in East Newton. The local market is currently a Buyer's Market with a sales-to-active ratio of 10.9% — buyers have more leverage. With 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 0W6

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3W 0W6, 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 (~4.9 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

30 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Frank Hurt Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	4.9 / 10	Distance 474 m
Surrey Muslim School	Independent	Grades Served K-7	Catchment Info —	6.7 / 10	Distance 651 m
McLeod Road Traditional	Public	Grades Served —	Catchment Info —	7.2 / 10	Distance 869 m
Bear Creek Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	3.4 / 10	Distance 1.01 KM
M B Sanford Elementary School	Public	Grades Served K-7	Catchment Info —	3.9 / 10	Distance 1.16 KM
Georges Vanier Elementary School	Public	Grades Served K-7	Catchment Info —	3.0 / 10	Distance 1.30 KM
W E Kinvig Elementary School	Public	Grades Served K-7	Catchment Info —	3.2 / 10	Distance 1.36 KM
Newton Elementary School	Public	Grades Served K-7	Catchment Info —	3.6 / 10	Distance 1.54 KM
Hyland Elementary School	Public	Grades Served K-7	Catchment Info —	5.0 / 10	Distance 1.70 KM
Gabrielle-Roy	Public	Grades Served —	Catchment Info —	6.1 / 10	Distance 1.76 KM
Chimney Hill Elementary School	Public	Grades Served K-7	Catchment Info —	4.7 / 10	Distance 1.94 KM
Dr. F. D. Sinclair Elementary School	Public	Grades Served K-7	Catchment Info —	3.8 / 10	Distance 1.94 KM
Princess Margaret Secondary School	Public	Grades Served 8-12	Catchment Info —	5.2 / 10	Distance 1.95 KM
Henry Bose Elementary School	Public	Grades Served K-7	Catchment Info —	3.8 / 10	Distance 2.06 KM
T E Scott Elementary School	Public	Grades Served K-7	Catchment Info —	4.6 / 10	Distance 2.19 KM
St Bernadette	Independent	Grades Served —	Catchment Info —	8.6 / 10	Distance 2.28 KM
St. Bernadette	Independent	Grades Served K-7	Catchment Info —	8.6 / 10	Distance 2.32 KM
Brookside Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 2.32 KM
Janice Churchill Elementary School	Public	Grades Served K-7	Catchment Info —	4.0 / 10	Distance 2.33 KM
Enver Creek Secondary School	Public	Grades Served 8-12	Catchment Info —	5.6 / 10	Distance 2.39 KM
Martha Jane Norris Elementary School	Public	Grades Served K-7	Catchment Info —	4.4 / 10	Distance 2.47 KM
McLeod Road Traditional School	Public	Grades Served K-7	Catchment Info —	7.2 / 10	Distance 2.50 KM
Cornerstone Montessori School	Independent	Grades Served K-7	Catchment Info —	10.0 / 10	Distance 2.64 KM
Sikh Academy	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.72 KM
North Ridge Elementary School	Public	Grades Served K-7	Catchment Info —	3.4 / 10	Distance 2.76 KM
Sullivan Heights Secondary School	Public	Grades Served 8-12	Catchment Info —	6.5 / 10	Distance 2.86 KM
Strawberry Hill Elementary School	Public	Grades Served K-7	Catchment Info —	3.6 / 10	Distance 2.89 KM
Tamanawis Secondary School	Public	Grades Served 8-12	Catchment Info —	5.6 / 10	Distance 2.91 KM
Goldstone Park Elementary School	Public	Grades Served K-7	Catchment Info —	5.6 / 10	Distance 2.93 KM
Woodward Hill Elementary School	Public	Grades Served K-7	Catchment Info —	4.7 / 10	Distance 2.99 KM

Walkability & Transit Near 315 7505 138 Street

Very Walkable 80

Walk Score - Very Walkable

Most errands can be accomplished on foot

Excellent Transit 71

Transit Score - Excellent Transit

Transit is convenient for most trips

Very Bikeable 71

Bike Score - Very Bikeable

Biking is convenient for most trips

BC Assessment Value — 315 7505 138 Street

2026 assessed value, sourced from City of Surrey open data (PID 018-729-801).

Total Assessed Value (2026)

$394,000

2026 Value Trend

Land

$318,000

Buildings

$76,000

Year Built

N/A

Class

N/A

Zoning

Property Tax

N/A

Year	Land	Improvements	Total Assessed	YOY Change
2026	$318,000	$76,000	$394,000	—

Costs & calculators

Monthly cost about $2,061/month · rent estimate $1,606/month · owning catches up with renting by year 5 · cash flow if rented −$580/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 315 7505 138 Street

$2,061 /month

Principal & Interest $1,571

Property Taxes $162

Maintenance fee $328

The estimated monthly cost of 315 7505 138 Street, Surrey is $2,061: $1,571 principal and interest with 20% down over 30 years at 4.45%, plus $162 property tax and $328 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

−$580 /month

Mortgage Payment $1,571

Monthly Cash Flow −$580

Break Even Down Payment 50%

Cap Rate -1.8%

Cash on Cash -8.9%

If 315 7505 138 Street, Surrey were rented at $1,606 a month with 5% vacancy, it would fall $580 a month short of the mortgage and carrying costs; about 50% 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 315 7505 138 Street, Surrey

$1,606 / month

Rent $1,606

Own $2,061

Principal: $505/mo Interest, tax, insurance, fees: $1,556/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$423/mo (year 1) → ~$984/mo (year 20) → ~$1,467/mo (year 29).

Net cost to own at year 5 ~$1,556/mo About $50/mo less than renting

EstateBlock estimates 315 7505 138 Street, Surrey would rent for about $1,606 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: 315 7505 138 Street

Rent vs own

Owning catches up by year 5

With 20% down ($77,980) at 4.45%: renting is cheaper at first, but principal paydown closes the gap

Principal paid off by year 5 $27,796

Principal paid off by year 10 $62,505

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 315 7505 138 Street, Surrey is cheaper at first, but owning catches up by year 5, with $27,796 of principal paid off by year 5 and $62,505 by year 10.