Investment signal

$1,049,000

13870 LAUREL DRIVE

Save this home

Beds

Baths

Sqft

—

Year

1980

Type

Single Family

Suite

Suite potential

Text Hasan Open map Ask a question

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Surrey. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to 13870 Laurel Drive, Surrey - an exceptional opportunity in a prime, sought-after location with strong development potential. This versatile property features a well-maintained 3-bedroom main home, perfect for families or owner-occupiers, along with two self-contained 1-bedroom suites that offer excellent mortgage help through rental income. Ideal for homeowners, investors, or builders, this property provides immediate livability with the added benefit of future upside. Located in a rapidly growing and evolving neighborhood close to amenities, transit, and schools, this is a rare chance to secure a property that truly offers flexibility, value, and long-term potential. (id:65958)

Subtype: Single Family
Architectural style: 2 Level
Structure: House
Common interest: Freehold
Living area: 1,837 square feet
Lot size: 3,969 square feet
Lot dimensions: 3969
Parking: 2 total
Fireplace: 1
On market: Apr 22, 2026
Status changed: Apr 22, 2026
Annual tax: $4,041.59 (2025)
Photos: 1
MLS#: R3113864
Area: SURREY

Features and systems

Parking

Open

Basement

FinishedFullSeparate entrance

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Forced air

Utilities

WaterNatural GasElectricity

Negative cash flow ~$1,137/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.50%

Cap rate

3.56%

GRM

16.7

Break-even rent

$6,446

Financing

Down payment$209,800

Loan amount$839,200

Mortgage$4,252/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$481

Insurance$80

Maintenance$874

CapEx reserve$437

Vacancy loss$263

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $4,252/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.