$1,375,000
Sold
Discover the potential at 7342 140 Street in the heart of Surrey! This solid 5 bedroom full basement home sits on a huge lot and offers incredible opportunities for homeowners, investors, or builders alike. Zoned R3 with potential for 4 unit redevelopment (buyer to verify with the City), this property presents exciting future possibilities. The home offers a functional layout with a full basement, plenty of space, a great bone to renovate, hold, or build new. Conveniently located close to schools, transit, shopping, parks, and everyday amenities, this is a rare opportunity in a rapidly development area. Excellent holding property with strong future upside! Tenant m/m.
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | Full, Unfinished |
| Appliances Included | Washer/Dryer, Dishwasher, Refrigerator, Stove |
| Fireplace | 2 |
| Heating Type | Forced Air |
| Laundry | In Unit |
| # of Kitchens | 1 |
| Flooring | Mixed |
| Foundation | Concrete Perimeter |
| Exterior Features | Private Yard |
|---|---|
| Roof | Asphalt |
| Structures | Residential Detached |
| Price | $1,349,999 |
|---|---|
| Total Bedrooms | 5 |
| Total Bathrooms | 2 |
| Full Bathrooms | 1 |
| Half Bathrooms | 1 |
| Floor Area Total (sqft) | 2346 |
| Year Built | 1973 |
| Age Of Building | 53 |
| Building Type | Single Family Residence |
| Property Type | Residential |
| Architecture Style | Basement Entry |
| Stories | 2 |
| Ownership Type | Freehold NonStrata |
| Community Features | Shopping Nearby |
| Utility Type | Electricity Connected, Natural Gas Connected |
| Utility Sewer | Public Sewer |
| Water (WaterSource) | Public |
| Parking Type | Open, Front Access, Asphalt |
| Total Parking Spaces | 4 |
| Rental Suites | None |
| Lot Size | 11820 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 74 |
| MLS® # | R3127300 |
| Area | Surrey |
| Neighbourhood | East Newton |
| City | Surrey |
| Postal Code | V3W 5J7 |
| Gross Taxes | $5,183.26 |
| Zoning | R3 |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 18'2 x 18'2 ft |
| Main Level | Dining Room | 8'3 x 8'3 ft |
| Main Level | Kitchen | 15'5 x 15'5 ft |
| Main Level | Dining Room | 8'3 x 8'3 ft |
| Main Level | Bedroom | 10'11 x 10'11 ft |
| Main Level | Bedroom | 9'6 x 9'6 ft |
| Main Level | Bedroom | 9' x 9' ft |
| Basement Level | Bedroom | 9'4 x 9'4 ft |
| Basement Level | Living Room | 18'2 x 18'2 ft |
| Basement Level | Bedroom | 9'3 x 9'3 ft |
| Basement Level | Laundry | 9'6 x 9'6 ft |
| Basement Level | Workshop | 17'9 x 17'9 ft |
| Basement Level | Storage | 19'5 x 19'5 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #4 |
| Main Level | Yes | #2 |
Listed by: Homelife Benchmark Titus Realty
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
7342 140 Street has a sell-speed score of 48/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.
Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3W 5J7, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.
Annual avg PM2.5 4.5 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: North Delta, Delta (~5.5 km). Annual avg AQHI 2.1 — Low Risk.
Surrey currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~8 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30 °C baseline, ~32.5 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.
Annual precipitation ~1516 mm (1981–2010 baseline), projected ~1574 mm by the 2050s. Extreme 1-day rainfall: ~51.5 mm baseline, ~57.1 mm projected. Values vary modestly across the Lower Mainland.
Longest annual dry spell (consecutive dry days): ~23 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $1,261,000 | $33,100 | $1,294,100 | — |
Based on 2 comparable active Single Family Residences in East Newton, the average asking price is $1,266,666. This listing is priced 6.6% above the neighbourhood average.
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