Melrose Place

8068 120A Street, Surrey, BC
Built 1995
128 units
Lowrise
3 active

About Melrose Place

Melrose Place in Surrey are 1 and 2 bedroom condos. The strata fees include gas and hot water.

Amenities

Guest suite

School Catchment

Elementary Kennedy Trail
Secondary L.A. Matheson

Explore the full Surrey School Catchment Guide →

Investor Insights — Condos in Queen Mary Park Surrey

Estimated rental yields based on MLS data for condos in Queen Mary Park Surrey.

Type Beds Avg Rent Avg List Price Strata Net Yield
Condo 1 $1,758/mo $415,843 $331/mo 3.4%
Condo 2 $2,221/mo $534,407 $468/mo 3.3%

Net yield accounts for strata fees, property tax, and insurance. View full analysis

Sold Apartment/Condo
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211 8068 120A STREET

1 1 721 sqft
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312 8068 120A STREET

1 1 704 sqft
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215 8068 120A STREET

2 2 1,055 sqft
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#205 8068 120A STREET

2 2 974 sqft
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233 8068 120A STREET

2 2 1,085 sqft
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108 8068 120A STREET

1 1 607 sqft
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115 8068 120A STREET

2 2 1,040 sqft
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128 8068 120A STREET

2 1 862 sqft
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421 8068 120A STREET

2 1 927 sqft
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402 8068 120A STREET

1 1 707 sqft
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207 8068 120A STREET

2 2 1,027 sqft

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4 homes have sold in Melrose Place in the past year

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Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$500,000Median home value
$86,000Median household income
71.1%Owner-occupied
13.5%Single-detached homes
2.9Avg household size
37.2Median age
24.4%Bachelor's degree or higher (25-64)
48.1%Commute under 30 min
79.8%Drive to work
49%Foreign-born residents
5,202Neighbourhood population

Age

Under 15: 15.6%15 to 64: 70.2%65 and over: 14.2%
  • Under 1515.6%
  • 15 to 6470.2%
  • 65 and over14.2%

Household size

  • 1 person23.7%
  • 226.5%
  • 315.9%
  • 418.2%
  • 5 or more15.6%

Language spoken at home

35.8% Punjabi mother tongue

  • English33.8%
  • English + other8.6%
  • Hindi4.8%
  • Tagalog4.1%
  • Urdu1.6%
  • Spanish1.3%
  • All others10%

Mother tongue, share of 5,185 residents.

How this pocket differs

  • notably fewer 5+ person households than Queen Mary Park Surrey 15.7% vs 26.2%
  • more people living alone than Queen Mary Park Surrey 23.9% vs 16%
  • notably more Tagalog speakers than Queen Mary Park Surrey 4.1% vs 2.4%
  • fewer Punjabi speakers than Queen Mary Park Surrey 35.8% vs 48.6%
  • Median dwelling value is notably lower than Metro Vancouver $500,000 vs $1,050,000

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

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