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Investment signal

$1,899,000

2485 148A STREET

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Beds

Baths

Sqft

—

Year

1998

Type

Single Family

Suite

Suite potential

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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

Attention multi-generational buyers, renovators, investors, and buyers looking for rental income potential! 1st time on Market! Amazing curb appeal, great location and awesome school catchments. This is a huge 3058 square foot Rancher with 1482 square foot unfinished basement that already has a roughed-in kitchen and bathroom down. This home was built for entertaining and built to last! The main home has hardwood and tile floors throughout in amazing condition, 2 kitchens, formal dining, living, family and huge recreation room for family gatherings! The basement is a blank canvas for whatever your hearts desire. Private back yard, tons of parking, bring your RV! Easy to show! (id:65958)

Subtype: Single Family
Architectural style: Ranch
Structure: House
Common interest: Freehold
Living area: 4,540 square feet
Lot size: 9,583 square feet
Lot dimensions: 9583
Parking: 6 total
Fireplace: 2
On market: Apr 1, 2026
Status changed: Apr 25, 2026
Annual tax: $7,520.07 (2025)
Photos: 6
MLS#: R3105873
Area: SURREY

Features and systems

Parking

Garage

Basement

FinishedFullSeparate entrance

Appliances

WasherRefrigeratorDishwasherStoveRangeDryerOven - Built-In

Heating

Radiant heatNatural gasHot Water

Cooling

Air Conditioned

Utilities

WaterNatural GasElectricity

Negative cash flow ~$1,997/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

-6.31%

Cap rate

3.60%

GRM

16.7

Break-even rent

$11,602

Financing

Down payment$379,800

Loan amount$1,519,200

Mortgage$7,698/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$870

Insurance$80

Maintenance$1,583

CapEx reserve$791

Vacancy loss$475

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 $7,698/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 25, 2026.