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$1,868,800

^$80,200

15688 88 Avenue

Fleetwood Tynehead, Surrey, BC, V4N 1G5

8 | 7 | 6 | 3,550 sq.ft. | Year Built: 2005 |

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Knock knock - opportunity is knocking! Rare chance to own a beautiful 8 bed/6bath house in Fleetwood area with DEVELOPMENT potential. Masterfully designed house offers 4 beds up and 2 x 2 bedrooms tenanted basement suites and tons of room for a big family to live comfortably, close to shopping and amenities and future SkyTrain, great schools and parks. Property could be developed to a low-rise of 4-6 storey condos (please verify with the city). Property currently owner occupied and basements rented.

Property Info

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MLS®: R2959144

Listing Courtesy of RA Realty Alliance Inc.

Total Bedrooms 8

Total Bathrooms 7

Floor Space 3550 sq.ft.

Lot Size 7529 sq.ft.

Title Type Freehold NonStrata

Style 1 1/2 Storey

Date Listed XXXX-XX-XX

Property Type House

Listed Price $1,868,800

Unit Pricing $526/sq.ft.

Strata Fee $0.00

Tax Estimate $6,649/Year

Year Built 2005

Interior Features

Rooms

Main Living Room 21'0 * 13'0

Main Kitchen 18'0 * 13'0

Main Family Room 18'0 * 12'0

Above Primary Bedroom 17'0 * 12'0

Above Bedrooms 11'0 * 10'0

Above Bedrooms 14'0 * 11'0

Bsmt Living Room 13'0 * 10'0

Bsmt Bedrooms 11'5 * 9'5

Bsmt Bedrooms 12'0 * 12'0

Bsmt Bedrooms 12'0 * 9'0

Bsmt Kitchen 13'0 * 9'0

Bsmt Kitchen 12'0 * 8'0

Bsmt Bedrooms 10'0 * 9'0

Below Recreation Room 21'0 * 11'0

Bsmt Living Room 12'0 * 12'0

More Details

Storey 2

Floor Space Finished 3550.00 sq.ft.

Roof XXXXXXXXXXXXX

Zoning RS

Floor Finish XXXXXXXXXXXXXXXXXXXXX

Exterior Finish XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Out Door Area XXXXXXXXXX

Parking Garage Double, Front Access, Asphalt

Parking Cover 2

Parking Total 6

Fuel Heating Baseboard, Forced Air, Hot Water

Water Supply XXXXXX

Foundation Concrete Perimeter, Other

Summary

Location and General Information

Architectural Style: Basement Entry
MLS Area Major: Surrey
Street Name: 88
City: Surrey
State Or Province: BC
Postal Code: V4N 1G5
Property Type: Residential
Property Sub Type: Single Family Residence

Taxes and HOA Information

Tax Year: 2022

Interior and Exterior Features

Bathrooms Information

Bathrooms Full: 7

Interior Features

Fireplaces Total: 1
Flooring: Laminate, Mixed, Carpet
Basement: Full, Finished, Exterior Entry

Exterior Features

Exterior Features: Balcony
Roof: Asphalt, Other

Property

Utilities

Sewer: Public Sewer, Sanitary Sewer
Water Source: Public

Property and Assessments

Foundation Details: Concrete Perimeter, Other
Year Built: 2005
Lot Size Square Feet: 7529
Building Area Total: 3550
Living Area: 3550

Lot Information

Parcel Number: 002218411

Sold History

Selling

R2959144 House Jan 20, 2025 Listed $1,899,999

R2903551 House Jan 1, 2025 Removed $1,985,000

R2786253 House Dec 1, 2023 Removed $2,198,000

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City Introduction

Overview of Surrey, BC, Canada

Population

Surrey is an important city in the Greater Vancouver region of British Columbia, with a population of approximately 682,000 (2024 data). Surrey is a multicultural city, with about 45% of residents belonging to visible minorities, including a significant South Asian community (26.1%) and a Chinese community (9%). Additionally, around 56% of residents speak a primary language other than English, reflecting its cultural diversity.

Economy

Key Industries: Healthcare, technology, retail, and logistics. The Surrey government has invested over CAD 16 billion in developing the healthcare and technology sectors, aiming to make Surrey a medical research hub in Canada.
Commercial Centers: Surrey's commercial areas are mainly concentrated in the downtown and surrounding regions, attracting both consumers and investors.
Educational Resources: Surrey is home to several high-quality schools and training institutions, such as Simon Fraser University (SFU) and Kwantlen Polytechnic University (KPU), contributing to a skilled workforce and fostering innovation.

Living Features

Natural Environment: Surrey boasts abundant natural landscapes, including numerous community parks and recreational centers, ideal for outdoor activities.
Transportation: Surrey is well-connected to downtown Vancouver via SkyTrain and bus systems, with a commute time of about 30 minutes.
Multiculturalism: The city's diverse communities and cultural events make it an inclusive and vibrant place to live.

Real Estate Investment

Prices: Surrey's housing prices are relatively moderate compared to Vancouver, with detached homes averaging $1.5 million CAD and condos around $700,000 CAD (2024).

Opportunities:

Stable rental market: Surrey's universities and job opportunities attract a steady stream of renters, ensuring high rental yields.
Long-term growth potential: Proximity to downtown Vancouver and ongoing infrastructure projects support sustained property value growth.

Risks:

Foreign buyer taxes (20%) and vacancy taxes may increase investment costs.
Rapid price increases in some areas require careful timing for investments.

Verdict

Surrey is ideal for those seeking a high quality of life and long-term investment. Popular residential areas include the downtown core and surrounding neighborhoods, while properties near transportation hubs are attractive for investors.

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