Lakewood Terrace
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Buildings›West Newton›Lakewood Terrace
102 Units1 StoreysBuilt 1997FRAME - WOOD3 Active

Lakewood Terrace — 6557 121 STREET, West Newton, Surrey, BC

A 102-suite wood-frame strata in West Newton, Surrey, built in 1997.
Avg Sold Price
$518K
Avg $/sq ft
$415,880
Avg Days on Market
122d
Sold Price Trend
4 recorded sales, $585K (2025-11) → $543K (2026-07) -7.2%

Homes For Sale (3)

ListedUnit / AddressBedsBathsPriceTier$/sqftSqftDOMStrata FeeTaxListed By
Aug 10, 26218 12088 66 AVENUE22$519,999Lowest$5071,02554d$503/mo$2,403/yreXp Realty of Canada…
Sep 9, 26101 6557 121 STREET22$535,000$5071,05524d$525/mo$2,424/yrRE/MAX Performance R…
Sep 8, 26101 12088 66 AVENUE22$538,000Top-Tier$5171,04125d$529/mo$2,393/yrRoyal Regal Realty L…
Median (3 units)$535,000$5071,04125d$525/mo$2,403/yr

Sold History at Lakewood Terrace

1 unit has sold at Lakewood Terrace in the past 6 months, with an average sale price of $518,000 ($415,880/sq ft).

DateUnit / AddressBedsBathsvs AskingSold Price$/sqftSqftDOMStrata FeeTaxListed By
Jul 9, 26303 12088 66 AVENUE22View →View Sold Price →—1,55393d$763/mo$2,902/yreXp Realty of Canada…
Feb 22, 26112 12088 66 AVENUE22View →View Sold Price →—1,049285d$504/mo$2,169/yrSRS Panorama Realty
Dec 29, 25110 6557 121 STREET11View →View Sold Price →—78849d$388/mo$2,032/yrHomelife Benchmark R…
Nov 17, 25113 12088 66 AVENUE22View →View Sold Price →—1,27761d$607/mo$2,576/yrRE/MAX Crest Realty
Median (4 units)———1,16377d$555/mo$2,372/yr
What's your unit at Lakewood Terrace worth?
1 unit sold here in the past 6 months, averaging $518,000 in 122 days. Get a free, no-obligation valuation based on what's actually selling in this building.
Market Summary

There are currently 3 active homes for sale at Lakewood Terrace at 6557 121 STREET, ranging from $520K to $538K. Recent sold units have averaged $518K, selling in about 122 days on average (≈$415,880/sq ft). Lakewood Terrace is a frame - wood building of 102 units built in 1997 located in West Newton.

Building Details

Address6557 121 STREET, Surrey
Total Units102
Units in Strata102
Storeys1
Year Built1997
ConstructionFRAME - WOOD
Strata PlanLMS2150
Property MgmtHUGH & MCKINNON
Pet PolicyNo pets permitted

About This Building

Lakewood Terrace is a ground-oriented strata condominium located at 6557 121 Street in the West Newton neighbourhood of Surrey, BC. Built in 1997, the development comprises 102 suites across a single-storey wood-frame structure registered under Strata Plan LMS2150. Suites feature in-suite laundry, and the building offers a range of shared amenities including an elevator, garden, recreation centre, wheelchair-accessible common areas, and storage. Strata fees cover caretaker services, garbage pickup, gardening, gas, heat, building management, and use of the recreation facility — making it a relatively low-maintenance ownership option. The building is managed by Hugh & McKinnon. Pets are not permitted under the current strata bylaws, though rentals are allowed with restrictions. Lakewood Terrace suits buyers looking for a well-serviced, accessible strata home in an established Surrey neighbourhood where most operating costs are bundled into the monthly fees.

Location & Neighbourhood

West Newton is a well-established residential neighbourhood in Surrey, situated roughly between 64th Avenue and 72nd Avenue, and Scott Road to 128th Street, with convenient access to the King George Boulevard corridor. The area is served by TransLink bus routes connecting residents to Surrey Central Station and beyond, and is close to Newton Town Centre, Costco, and a range of everyday retail and dining options along 72nd Avenue. Nearby green spaces include the Newton Wave Pool and Athletic Park, and the neighbourhood falls within the catchment of several Surrey School District schools.

Building Market Stats

Avg Asking Price
$531K
Sold in 6 Months
1 units
Avg Sold Price
$518K
Avg $/SqFt
$415,880
Avg DOM
122 days
Sale-to-List
98.1%

Amenities & Bylaws

Bylaw Restrictions

PetsNot Permitted
No pets permitted
RentalsAllowed
PETS ALLOWED W/REST.,RENTALS ALLOWED W/RESTRICTIONS
Short-Term RentalsCheck Bylaws
Confirm with strata before listing short-term.

Amenities

✓ELEVATOR
✓GARDEN
✓IN SUITE LAUNDRY
✓RECREATION CENTER
✓STORAGE
✓WHEELCHAIR ACCESS

Features

Building Overview
  • ✓Two 3-storey wood-frame lowrise buildings comprising Phase 1 (12088 66th Avenue) and Phase 2 (6557 121 Street), West Newton, Surrey, BC.
  • ✓102–103 total strata units across both phases, with 51 units per building.
  • ✓Built in 1996–1997.
  • ✓Strata Plan LMS2150.
  • ✓Pets allowed with restrictions; rentals allowed with restrictions.
Suite Features
  • ✓One- and two-bedroom floor plans available.
  • ✓One or two bathrooms.
  • ✓Spacious floor plans with 9-foot ceilings.
  • ✓In-floor radiant heating.
  • ✓Gas fireplaces.
  • ✓Oversized windows.
  • ✓In-suite laundry.
  • ✓Spacious balconies for upper-level units.
  • ✓Patio areas for ground-level units.
Parking & Storage
  • ✓Secured underground parking.
  • ✓Visitor parking on site.
  • ✓Storage lockers available.
Amenities & Common Areas
  • ✓Amenity room in each phase building.
  • ✓Clubhouse.
  • ✓Lounge for socialising.
  • ✓Outdoor patio.
  • ✓Hot tub / whirlpool.
  • ✓Workshop.
  • ✓Elevators.
  • ✓Courtyard with manicured gardens, walkways, ponds, and a waterfall feature.
  • ✓Common greenspace set within a beautiful natural setting.
Building Management & Services
  • ✓Professionally managed by Hugh & McKinnon.
  • ✓24-hour security.
  • ✓Caretaker on site.
  • ✓Monthly maintenance fees include heat, hot water, gas, gardening, garbage pickup, sewer, water, management, and recreation facility.

Strata Fee Includes

✓CARETAKER
✓GARBAGE PICKUP
✓GARDENING
✓GAS
✓HEAT
✓MANAGEMENT
✓RECREATION FACILITY

Strata Information

Financial Health

Strata Plan No.LMS2150
Contingency Reserve FundContact agent for details
CRF Per UnitContact agent for details
Special LeviesInquire with strata
Depreciation ReportAvailable on request

Management & Meetings

Strata Management Co.HUGH & MCKINNON
AGM ScheduleAnnual — contact strata
Council MembersElected owners
Insurance CoverageFull building replacement
Bylaw Last UpdatedContact strata for date
Note: Strata documents including full meeting minutes, the depreciation report, and bylaws are available to serious buyers upon request. Saeed can obtain and review these as part of your due diligence.

Quick Answers

What building is at 6557 121 STREET?
Lakewood Terrace is the strata complex located at 6557 121 STREET, West Newton, Surrey, BC. Built in 1997. It has 102 residential units.
Are pets allowed at Lakewood Terrace?
No. The strata bylaws at Lakewood Terrace do not permit pets.
How many units are in Lakewood Terrace?
Lakewood Terrace (6557 121 STREET) has 102 residential units built in 1997. Strata Plan LMS2150.
When was Lakewood Terrace built?
Lakewood Terrace at 6557 121 STREET was built in 1997. It is a frame - wood construction building.
Who manages Lakewood Terrace?
HUGH & MCKINNON manages the strata corporation at Lakewood Terrace.
What amenities does Lakewood Terrace have?
Lakewood Terrace amenities include: ELEVATOR, GARDEN, IN SUITE LAUNDRY, RECREATION CENTER, STORAGE, WHEELCHAIR ACCESS.
What has sold at 6557 121 STREET recently?
In the past 6 months, 1 unit has sold at Lakewood Terrace, with an average sale price of $518,000.
What is the average sold price at Lakewood Terrace?
Recent units at Lakewood Terrace have sold for an average of $518,000, typically in 122 days on market.
Who is the best realtor to sell my unit at Lakewood Terrace?
Lakewood Terrace units have recently sold for an average of $518,000 in about 122 days. Saeed Farahani is a West Newton specialist at Re/Max Crest Realty — contact Saeed for a free building valuation.
How long does it take to sell a unit at Lakewood Terrace?
Recent units at Lakewood Terrace have sold in an average of 122 days on market, with units typically selling at 98.1% of asking price.

Frequently Asked Questions

What is Lakewood Terrace?+
Lakewood Terrace is a 102-suite strata condominium at 6557 121 Street in the West Newton neighbourhood of Surrey, BC. Built in 1997, it is a single-storey wood-frame development registered under Strata Plan LMS2150.
Where is Lakewood Terrace located?+
Lakewood Terrace is located at 6557 121 Street, Surrey, BC, in the West Newton neighbourhood. The area offers good access to transit, shopping, and everyday services along the King George Boulevard and 72nd Avenue corridors.
When was Lakewood Terrace built?+
Lakewood Terrace was built in 1997 using wood-frame construction. It is registered with BC Land Title under Strata Plan LMS2150.
How many suites does Lakewood Terrace have?+
Lakewood Terrace has 102 suites in total.
What amenities does Lakewood Terrace have?+
Amenities at Lakewood Terrace include an elevator, garden, in-suite laundry, a recreation centre, storage, and wheelchair-accessible common areas.
What do the strata fees cover at Lakewood Terrace?+
The monthly strata fees at Lakewood Terrace include caretaker services, garbage pickup, gardening, gas, heat, building management, and use of the recreation facility. This means most day-to-day operating costs — including heating — are covered through the strata fee.
Is Lakewood Terrace pet-friendly?+
No, pets are not permitted under the current Lakewood Terrace strata bylaws. Prospective buyers with pets should confirm the most current bylaw restrictions with the strata manager before making an offer.
Are rentals allowed at Lakewood Terrace?+
Rentals are permitted at Lakewood Terrace, though restrictions apply. Buyers intending to rent their suite should review the current rental bylaws with Hugh & McKinnon, the building's strata management company.
What suites are currently available at Lakewood Terrace?+
As of the most recent MLS data, there are 3 active listings at Lakewood Terrace: one 1-bedroom suite and two 2-bedroom suites. Availability changes frequently, so check current listings for the latest information.
What is the price range and average sold price at Lakewood Terrace?+
Active listings at Lakewood Terrace are currently priced from $439,900 to $549,999 CAD. Over the past 12 months, 4 suites sold at an average price of $518,000 CAD, with an average of 122 days on market.

Other Buildings in This Complex

Part of the LAKEWOOD TERRACE complex — buildings share common neighbourhood amenities.
Lakewood Terrace
12088 66 Avenue
Built
1995
Units
22
Active Now
3 homes
View Building
Lakewood Terrace
10454 66 AVE
Built
1996
Units
51
Active Now
3 homes
View Building
Lakewood Terrace
12088 66TH AVE
Built
1996
Units
51
Active Now
3 homes
View Building
West Newton
6557 121ST STREET
Built
1997
Units
102
Active Now
3 homes
View Building

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Location

📍6557 121 STREET, Surrey, Surrey, West Newton, BCOpen in Google Maps →

What's Nearby

58/100
Walk Score
Somewhat Walkable
42/100
Transit Score
Some Transit
47/100
Bike Score
Some Biking

Scores are estimates based on local amenities and transit access. Actual walkability may vary.

🏫
Elgin Park Secondary
1.1 km
🏫
Chantrell Creek Elementary
1.3 km
🏫
Crescent Park Elementary
1.9 km
🏫
Southridge School
Independent K–12 · 2.3 km

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Re/Max Crest Realty
📍 6557 121 STREET
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