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Investment signal

$1,288,000

922 SURREY STREET

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Beds

Baths

Sqft

—

Year

1951

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 New Westminster. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Solid opportunity here! This clean and bright 3-bedroom, 1-bathroom home has great bones and has seen updates over the years, leaving plenty of room for your ideas. Whether you´re looking to renovate, rebuild, or hold as an investment, the potential is significant. Set on a great lot with laneway access and incredible views of the Fraser River and Mt. Baker, this property offers excellent long-term upside. Located just steps to Cariboo Park, nearby schools, and local shops, it´s an ideal option for families, builders, and investors alike. Bring your building plans, or hold and generate rental income while you plan your future build. Priced well below assessed value, this is an opportunity you won´t want to miss. (id:65958)

Subtype: Single Family
Architectural style: 2 Level
Structure: House
Common interest: Freehold
Living area: 2,098 square feet
Lot size: 4,600 square feet
Lot dimensions: 4600
Parking: 2 total
Fireplace: 2
On market: Apr 7, 2026
Status changed: Apr 20, 2026
Annual tax: $5,882.67 (2025)
Photos: 40
MLS#: R3107172
Area: NEW_WESTMINSTER

Features and systems

Parking

GarageOther

Basement

Partially finishedSeparate entranceUnknown

Appliances

All

Heating

Forced air

Lot

Central location

View

Negative cash flow ~$1,374/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

-6.40%

Cap rate

3.58%

GRM

16.6

Break-even rent

$7,896

Financing

Down payment$257,600

Loan amount$1,030,400

Mortgage$5,221/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$590

Insurance$80

Maintenance$1,073

CapEx reserve$537

Vacancy loss$323

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 $5,221/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 20, 2026.