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$1,198,000

8982 148 STREET

Surrey BC V3R 3W4 - Bear Creek Green Timbers
5 bd
2 ba
2,466 sqft
Built 1942

About This Property

**INVESTOR ALERT!** Located in the new 152 St SkyTrain Station Transit-Oriented Area, this charming 5-bedroom + den, 2-bathroom home sits on a spacious 7,000+ sq. ft. fully fenced lot and offers incredible future development potential, including duplex or condo possibilities with neighboring assembly. Currently rented month-to-month for $5,000, it features…

Features

Balcony
Other
Front Access
Shopping Nearby
Room measurements12 rooms
Living RoomMain · 11'3 × 15'4
KitchenMain · 11'7 × 16'6
Dining RoomMain · 10'5 × 16'
Primary BedroomMain · 11'6 × 11'6
FoyerMain · 5' × 6'8
Recreation RoomMain · 7' × 18'5
BedroomAbove · 10'8 × 14'
BedroomAbove · 10'8 × 13'
KitchenBelow · 13' × 14'
Living RoomBelow · 13' × 15'
BedroomBelow · 9'6 × 13'
BedroomBelow · 12'8 × 15'

Property Details

MLS NumberR2988524
Property TypeSingle Family Residence
Bedrooms5
Bathrooms2
Square Feet2,466
Lot Size7,184 sqft
Year Built1942
HeatingForced Air, Natural Gas
StatusClosed
Listed BySutton Group-West Coast Realty

School Catchment

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$1,100,000Median home value
$109,000Median household income
71.9%Owner-occupied
38.9%Single-detached homes
3.7Avg household size
36Median age
29.1%Bachelor's degree or higher (25-64)
51%Commute under 30 min
81.2%Drive to work
51.9%Foreign-born residents
5,260Neighbourhood population

Age

Under 15: 16.3%15 to 64: 70.1%65 and over: 13.7%
  • Under 1516.3%
  • 15 to 6470.1%
  • 65 and over13.7%

Household size

  • 1 person10.9%
  • 223.2%
  • 316.8%
  • 420.4%
  • 5 or more28.8%

Language spoken at home

37.5% Punjabi mother tongue

  • English29.3%
  • English + other6.7%
  • Tagalog4.2%
  • Hindi3.3%
  • Vietnamese2.8%
  • Mandarin1.8%
  • All others14.4%

Mother tongue, share of 5,260 residents.

How this pocket differs

  • fewer people living alone than Bear Creek Green Timbers 10.8% vs 14%
  • more Tagalog speakers than Bear Creek Green Timbers 4.2% vs 3.2%
  • Median household income is higher than Metro Vancouver $109,000 vs $90,000

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

Sales History

DateSale Price
May 12, 2025$1,250,000

Source: BC Assessment (public records).

Land & Development

Lot size7,144 sqft
Lot dimensions38 × 120 ft
Lot shapeIrregular
Multi-unit potential (Bill 44 / SSMUH)
Units allowedUp to 4
Max height3 storeys
Min. setbacks4.5 / 1.5 / 1.2 mfront / side / rear
Est. buildable~7,178 sqft

Under BC's Small-Scale Multi-Unit Housing rules, this single-family lot may permit up to 4 units. These are the provincial minimums and approximate — local bylaw, servicing and lot conditions apply.

Transit-oriented potential (Bill 47 / TOA)
Transit areaTier 3within 800 m of a station
Max density3 FAR
Max height8 storeys
Est. buildable~21,535 sqft
Nearest station152 Street Station (future, ~2029)735 m away

Within a provincially designated Transit-Oriented Area, this lot may support up to 3 FAR / 8 storeys regardless of base zoning. Provincial minimums and approximate — municipal rezoning, servicing and parking standards still apply.

Approximate lot lines (ParcelMap BC)

Zoning, lot dimensions and grade are approximate, from public data, and for reference only — verify with the City / Township of Langley before relying on them.

Monthly Cost Calculator

Estimated monthly cost $6,069
Mortgage payment$5,465
Property tax$484
Home insurance$120
Partner Rates Available Contact us for preferred mortgage rates

An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax. 5-year fixed, as of Aug 12

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