Terrane

12040 68 Avenue, Surrey, BC
Built 2005
191 units
Townhouse
7 active

About Terrane

Terrane is a series of 2 to 4 bedroom homes ranging from about 1,200 to 2,300 sqft. There are many different layouts at Terrane and worth looking at all of them. The complex is close to transit and shopping.

Amenities

Clubhouse
Exercise Centre

School Catchment

Investor Insights — Townhouses in West Newton

Estimated rental yields based on MLS data for townhouses in West Newton.

Type Beds Avg Rent Avg Sale Strata Net Yield
Condo 2 $2,336/mo $475,888 $472/mo 4.0%

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

Neighbourhood

$685,000Median home value
$94,000Median household income
70.6%Owner-occupied
6.9%Single-detached homes
3.1Avg household size
36.4Median age
32.7%Bachelor's degree or higher (25-64)
48.9%Commute under 30 min
80%Drive to work
51.7%Foreign-born residents
5,882Neighbourhood population

Age

Under 15: 17.9%15 to 64: 69.9%65 and over: 12.2%
  • Under 1517.9%
  • 15 to 6469.9%
  • 65 and over12.2%

Household size

  • 1 person19.6%
  • 223.6%
  • 318.8%
  • 419.4%
  • 5 or more18.6%

Language spoken at home

39.9% Punjabi mother tongue

  • English29.8%
  • English + other7.9%
  • Mandarin4.4%
  • Hindi3.9%
  • Tagalog2%
  • Cantonese1.4%
  • All others10.7%

Mother tongue, share of 5,880 residents.

How this pocket differs

  • fewer 5+ person households than West Newton 18.6% vs 27.4%
  • more people living alone than West Newton 19.6% vs 14.6%
  • notably more Mandarin speakers than West Newton 4.4% vs 0.9%
  • fewer Punjabi speakers than West Newton 39.9% vs 51.1%
  • Median dwelling value is notably lower than Metro Vancouver $685,000 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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