5838 124a St, Surrey, BC, MLS^® R2985814

Welcome to 5838 124a Street, a stunning property nestled in the heart of Surrey, BC. As your trusted realtor, I'm excited to share with you the unique features and benefits of this incredible home.

Schools:

Just down the road, you'll find J T Brown Elementary School, a highly-rated institution with a 5.3/10 rating. This school is conveniently located just 0.27 km from our property, making it an ideal choice for families. Our home is also serviced by Tamanawis Secondary School, which boasts a 1.57 km distance and an impressive No Rating. For those seeking an independent education, St. Bernadette Elementary is just 1.98 km away, offering a 8.5/10 rating, while Regent Christian Academy Secondary is located 5.59 km from our home, with a 8.1/10 rating.

Crime:

According to the latest statistics from Statistics Canada (2020), our neighborhood exhibits an Average crime rate of 7,512.73, with a rate of 44,976 volation disturbances. This indicates a safe and peaceful environment for our residents. While the drug crime rate is Above Average, with a rating of 390.7, the overall crime rate is still considered Average compared to other Canadian cities. Notably, the property crime rate is Average, with a rating of 3,746.17, and the violent crime rate is Below Average, with a rating of 1,310.25.

Transit:

Convenience is key when it comes to transportation. Our property is just 0.12 km away from the Northbound 124 St @ 58A Ave bus station, making it easily accessible for commuters.

Demographics:

Our neighborhood is a vibrant community, with a diverse mix of residents. According to the latest census data, 22.8% of residents hold a university certificate or degree, which is Above Average compared to other BC neighborhoods. Meanwhile, 20.4% of the population has no certificate or degree, which is Average compared to the BC average.

Lifestyle Amenities:

Shopping, dining, and entertainment options are plentiful in our neighborhood. With the Panorama Ridge community just a short walk away, you'll have access to a variety of amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, coffee shops, and hospitals.

Real Estate Context:

Our home is located in the desirable Panorama Ridge neighborhood, where the average dwelling value is $1041187, which is High compared to other areas in British Columbia. The average owner payments are High, with $1818 spent on average for the dwelling, while tenants pay $868, which is Below Average. The average household income is $93440, which is Above Average, while the median personal income is $28265, which is Below Average.

Neighborhood Insights:

Our neighborhood is experiencing significant growth, with a population change of 10.8% between 2011 and 2016, which is High compared to average growth rates. The population density per square kilometer is 3144.5, which is Above Average. The average size of families in our area is 3.2, which is High, and the percent of families with children is 76.4%, which is also High. The average age of the population is 38.1, which is Below Average compared to other BC cities.

Investment Potential:

Our property offers a unique investment opportunity, with a High average value of dwellings in the neighborhood and a Above Average owner payments. With 25.8% of the population being renters, which is Average compared to other BC cities, our property has the potential to generate strong rental income.

Contact Me:

If you're interested in learning more about this incredible property, please don't hesitate to contact me, your trusted realtor. I'd be delighted to schedule a viewing and answer any questions you may have. Don't miss out on this opportunity to own a piece of Surrey's vibrant community.

MLS^® R2985814