Midtown Villas

7505 138 Street, Surrey, BC
Built 1994
54 units
Lowrise
2 active

About Midtown Villas

Midtown Villas at 7505 138 Street in Newton have gas fireplaces that are included in the strata fees in addition to the hot water.

Amenities

Wheelchair access, park or garden, Insuite laundry

School Catchment

Elementary Bear Creek
Secondary Frank Hurt

Explore the full Surrey School Catchment Guide →

Investor Insights — Condos in East Newton

Estimated rental yields based on MLS data for condos in East Newton.

Type Beds Avg Rent Avg Sale Strata Net Yield
Condo 1 $1,741/mo $303,014 $309/mo 4.7%
Condo 2 $2,333/mo $450,143 $409/mo 4.4%

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

Sold Apartment/Condo
$345,000

213 7505 138 STREET

2 1.5 862 sqft
Sold Apartment/Condo
$400,000

112 7505 138TH STREET

2 1.5 887 sqft
Sold Apartment/Condo
$325,000

405 7505 138 STREET

1 1 676 sqft
Sold Apartment/Condo
$535,000

114 7505 138 STREET

2 1.5 878 sqft

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3 homes have sold in Midtown Villas in the past year

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Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$448,000Median home value
$76,500Median household income
72%Owner-occupied
0.9%Single-detached homes
2.6Avg household size
38.8Median age
33.4%Bachelor's degree or higher (25-64)
46.1%Commute under 30 min
73.6%Drive to work
51.4%Foreign-born residents
4,363Neighbourhood population

Age

Under 15: 17.3%15 to 64: 67%65 and over: 15.7%
  • Under 1517.3%
  • 15 to 6467%
  • 65 and over15.7%

Household size

  • 1 person29.9%
  • 226.1%
  • 317.3%
  • 416.7%
  • 5 or more10%

Language spoken at home

40.8% English mother tongue

  • Punjabi20.1%
  • English + other8.4%
  • Tagalog6%
  • Hindi4.9%
  • Spanish2.4%
  • Urdu1.4%
  • All others16%

Mother tongue, share of 4,360 residents.

How this pocket differs

  • notably fewer 5+ person households than East Newton 10% vs 25.1%
  • notably more people living alone than East Newton 29.9% vs 17.5%
  • notably more Tagalog speakers than East Newton 6% vs 2.8%
  • notably fewer Punjabi speakers than East Newton 20.1% vs 41.3%
  • more Hindi speakers than East Newton 4.9% vs 3.7%
  • Median dwelling value is notably lower than Metro Vancouver $448,000 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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