Home Surrey, BC East Newton 7881 138 Street

7881 138 St, Surrey BC – Land for Sale – MLS® R3088045

7881 138 Street, Surrey, British Columbia V3W 7B5

254 days on the market

$1,075,000

Est. Mortgage $4,756/mo

Listing updated: Jun 18, 2026 at 07:37pm

EstateBlock checked: Oct 21, 2026 at 07:40am

0 sqft

10.4% price reduction 15.3% cheaper than comps

Photo

Prime development and investment opportunity on a 8,956 sq. ft. R3-zoned lot. Build a single-family home or duplex with garden suite, accommodating a three-level residence (two storey plus basement) with a legal basement suite. Excellent potential for multi-income revenue and long-term appreciation. Situated in a quiet, centrally located neighbourhood with close proximity to schools, shopping, transit, major highways, restaurants, recreation centres, and parks. Ideal for builders and investors seeking a versatile, ready-to-build property. Call for details.

Exterior Features

Structures	Land Only

Building Details

Price	$1,075,000
Property Type	Land
Ownership Type	Freehold NonStrata
Community Features	Near Shopping
Utility Type	Sanitary Sewer At Lot Line, Storm Sewer At Lot Line, Electricity At Lot Line, Natural Gas At Lot Line, Phone Nearby, Cable Available
Water (WaterSource)	Public

Lot & Land

Lot Size	8956
Lot Size Depth	Feet
Lot Size Frontage	77.02
MLS^® #	R3088045
Area	Surrey
Neighbourhood	East Newton
City	Surrey
Postal Code	V3W 7B5
Gross Taxes	$4,733.85
Zoning	R3

Property Timeline

Status	Date	Price
R3088045 / Active	02-09-2026	$1,075,000

Listed by: Sutton Premier 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
Bear Creek Elementary School: Below Average 0.22 km 3.4/10
Secondary
Frank Hurt Secondary School: Average 0.51 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 1.08 km 6.7/10
Elementary, Secondary
Regent Christian Academy: Above Average 3.75 km 7.2/10

Closest Transit

Bus Stop
Northbound King George Blvd @ 80 Ave: 0.4 km
Skytrain
Skytrain @ Green Timbers Station ( Under Construction till 2029): 3.61 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

63 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $1,239,475

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Market conditions

Market conditions unavailable

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 3.61 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

254 DOM

Listed

East Newton avg

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Surrey avg

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7881 138 Street has a sell-speed score of 63/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 15.3% below comparable active properties in East 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 7B5

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3W 7B5, 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 (~4.7 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.

Nearby Restaurants, Cafes & Shops

Shopping (6 nearby)

Icici bank · 599 m · Bank
Vancity · 748 m · Bank
L.a. nails · 793 m · Beauty Shop

Restaurants (6 nearby)

Pho newton · 794 m · Fast Food
Mary brown's · 823 m · Fast Food
Haveli bistro restaurant · 830 m · Restaurant

Groceries (2 nearby)

Circle k · 509 m · Convenience
Bc liquor store · 981 m · Beverages

Transit (1 nearby)

Bus stop northbound 138 st @ 74 ave · 959 m · Transit

Schools NearBy

30 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Bear Creek Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	3.4 / 10	Distance 218 m
Frank Hurt Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	4.9 / 10	Distance 509 m
Newton Elementary School	Public	Grades Served K-7	Catchment Info —	3.6 / 10	Distance 1.00 KM
McLeod Road Traditional	Public	Grades Served —	Catchment Info —	7.2 / 10	Distance 1.03 KM
Surrey Muslim School	Independent	Grades Served K-7	Catchment Info —	6.7 / 10	Distance 1.08 KM
M B Sanford Elementary School	Public	Grades Served K-7	Catchment Info —	3.9 / 10	Distance 1.59 KM
Brookside Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 1.62 KM
Enver Creek Secondary School	Public	Grades Served 8-12	Catchment Info —	5.6 / 10	Distance 1.83 KM
Janice Churchill Elementary School	Public	Grades Served K-7	Catchment Info —	4.0 / 10	Distance 1.91 KM
W E Kinvig Elementary School	Public	Grades Served K-7	Catchment Info —	3.2 / 10	Distance 1.99 KM
Georges Vanier Elementary School	Public	Grades Served K-7	Catchment Info —	3.0 / 10	Distance 1.99 KM
Dr. F. D. Sinclair Elementary School	Public	Grades Served K-7	Catchment Info —	3.8 / 10	Distance 2.12 KM
Chimney Hill Elementary School	Public	Grades Served K-7	Catchment Info —	4.7 / 10	Distance 2.15 KM
Cornerstone Montessori School	Independent	Grades Served K-7	Catchment Info —	10.0 / 10	Distance 2.16 KM
Sikh Academy	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.18 KM
Princess Margaret Secondary School	Public	Grades Served 8-12	Catchment Info —	5.2 / 10	Distance 2.33 KM
Green Timbers Elementary School	Public	Grades Served K-7	Catchment Info —	3.5 / 10	Distance 2.35 KM
Gabrielle-Roy	Public	Grades Served —	Catchment Info —	6.1 / 10	Distance 2.36 KM
Creekside Elementary School	Public	Grades Served K-7	Catchment Info —	4.2 / 10	Distance 2.39 KM
Cindrich Elementary School	Public	Grades Served K-7	Catchment Info —	4.2 / 10	Distance 2.44 KM
Hyland Elementary School	Public	Grades Served K-7	Catchment Info —	5.0 / 10	Distance 2.48 KM
Maple Green Elementary School	Public	Grades Served K-7	Catchment Info —	3.8 / 10	Distance 2.54 KM
T E Scott Elementary School	Public	Grades Served K-7	Catchment Info —	4.6 / 10	Distance 2.59 KM
Continuing Ed SD36 (Invergarry)	Public	Grades Served —	Catchment Info —	N/A	Distance 2.72 KM
Henry Bose Elementary School	Public	Grades Served K-7	Catchment Info —	3.8 / 10	Distance 2.82 KM
North Surrey Learning Centre	Public	Grades Served 10-12	Catchment Info —	3.2 / 10	Distance 2.84 KM
Education Services (Alternate)	Public	Grades Served —	Catchment Info —	3.8 / 10	Distance 2.84 KM
SD 36 Alternate North Surrey LC	Public	Grades Served —	Catchment Info —	6.3 / 10	Distance 2.87 KM
Strawberry Hill Elementary School	Public	Grades Served K-7	Catchment Info —	3.6 / 10	Distance 2.92 KM
St Bernadette	Independent	Grades Served —	Catchment Info —	8.6 / 10	Distance 2.97 KM

Walkability & Transit Near 7881 138 Street

Car-Dependent 69

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot

Some Transit 59

Transit Score - Good Transit

Many nearby public transportation options

Somewhat
Bikeable 50

Bike Score - Bikeable

Some bike infrastructure

BC Assessment Value — 7881 138 Street

2026 assessed value, sourced from City of Surrey open data (PID 003-924-611).

Total Assessed Value (2026)

$1,264,000

2026 Value Trend

Land

$1,264,000

Buildings

Year Built

N/A

Class

N/A

Zoning

Property Tax

N/A

Year	Land	Improvements	Total Assessed	YOY Change
2026	$1,264,000	$0	$1,264,000	—

Mortgage Calculator for 7881 138 Street

/month

Principal & Interest

Property Taxes $394

Maintenance fee 0

Financing 80% of the $1,075,000 asking price over 30 years at 4% results in approximately $4,500/month in total estimated carrying costs, $394 property tax.

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

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Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

This listing generates an estimated $3,155/month in rental income, leaving a -$1,482/month cashflow at current carrying costs. Investors targeting break-even would need roughly 49% down.

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

Estateblock Rent Estimate for 7881 138 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.