Melrose Place

8068 120a Street, Surrey, BC
Built 1995
128 units
Lowrise
2 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

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 Sale Strata Net Yield
Condo 1 $1,740/mo $375,310 $370/mo 3.6%
Condo 2 $2,187/mo $429,963 $411/mo 4.1%

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

4 homes have sold in Melrose Place in the past year

Find out what your home here could sell for in today's market.

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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