12248 97 Ave, Surrey BC - Single Family Residence for Sale - MLS# R3110547

$2,998,000
Est. Mortgage $13,263/mo
4 Beds
2 Baths
1736 sqft
1727 $ /sqft
1948 built
$2,998,000
Est. $13,263/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

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Property Details for 12248 97 Avenue

Investor Alert! 21,000 Sq ft ft Cedar Hill Surrey lot offering strong redevelopment potential, possible subdivision for four duplexes, ideal for builders seeking future growth, rent income, and capital appreciation opportunity.

Interior Features

Basement Finished Area (sqft) 0
Basement Features Partially Finished
Heating Type Forced Air, Natural Gas
# of Kitchens 2
Foundation Concrete Perimeter

Exterior Features

Exterior Features Balcony
Roof Asphalt
Structures Residential Detached

Building Details

Price $2,998,000
Total Bedrooms 4
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1736
Year Built 1948
Age Of Building 78
Building Type Single Family Residence
Property Type Residential
Stories 2
Ownership Type Freehold NonStrata
Utility Type Community
Utility Sewer Public Sewer
Water (WaterSource) Public
Parking Type Detached
Total Parking Spaces 0
Rental Suites Unauthorized Suite

Lot & Land

Lot Size 21145
Lot Size Depth Feet
Lot Size Frontage 78
MLS® # R3110547
Area North Surrey
Neighbourhood Cedar Hills
City Surrey
Postal Code V3V 2C9
Gross Taxes $14,079.29
Zoning R4

Property Timeline

Status Date Price
R3110547 / Active 04-13-2026 $2,998,000
Rooms
Floor Type Dimensions
Main Level Living Room 23'2 x 23'2 ft
Main Level Kitchen 11'6 x 11'6 ft
Main Level Recreation Room 11'6 x 11'6 ft
Main Level Bedroom 13'1 x 13'1 ft
Main Level Patio 22'0 x 22'0 ft
Main Level Bedroom 15'6 x 15'6 ft
Below Living Room 15'0 x 15'0 ft
Below Bedroom 13'0 x 13'0 ft
Below Bedroom 15'0 x 15'0 ft
Below Kitchen 10'0 x 10'0 ft
Below Recreation Room 18'6 x 18'6 ft
Below Storage 18'6 x 18'6 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3
Below No #3

Listed by: Sutton Group-West Coast 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.

Map & Neighbourhood

Public Schools

Elementary
Cedar Hills Elementary School
0.35 km
Secondary
L A Matheson Secondary School
0.32 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Immaculate Conception School
1.68 km
Elementary, Secondary
Khalsa School (Surrey)
1.79 km

Closest Transit

Bus Stop
Eastbound 96 Ave @ 122 St
0.17 km
Skytrain
Skytrain @ Surrey Central Stn
2.86 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Below Average
Property Crime Rate
Average

Demographics

Post-Secondary Education
Below Average
16.2%
No Certificate/Degree
Above Average
24%
Owner Occupied
Average
73.3%
Employment Rate
Above Average
72.7%

Noise/ Power Lines

Road/Hwy Noise
Unlikely
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely
Market Performance

Real Estate Stats for December 2025 in Surrey

FVREB Report city Level
Detached Benchmark

$1,404K

7.77% Year-over-Year

Sales (Mo.)

N/A

Active Inventory

N/A

Market Climate 's Market

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 12248 97 Avenue

BC Assessment Value — 12248 97 Avenue

2026 assessed value, sourced from City of Surrey open data (PID 009-797-831).
Total Assessed Value (2026)
$3,315,000
2026 Value Trend
Land
$3,305,000
Buildings
$10,000
Year Built
N/A
Class
N/A
Zoning
R3
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $3,305,000 $10,000 $3,315,000

Mortgage Calculator for 12248 97 Avenue

/month
Principal & Interest
Property Taxes $1,173
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($599,600), the estimated monthly payment for this listing is $12,623/month — $11,450 principal & interest, $1,173 property tax.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
At an estimated rental income of $8,611/month, this property runs a $4,261/month shortfall after mortgage and carrying costs. Break-even requires approximately 50% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Cedar Hills, Surrey

Beds Home Types Square Feet Lot Size Year Built
This Home $2,998,000
Surrey Loading...
Cedar Hills Loading...

No active comparable properties are currently available for this property type in Surrey. The price evaluation chart will update as similar listings enter the market.

Data is based on list prices of similar active listings. 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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