$1,649,000
6.0% price reduction
12411 78 Ave, Surrey, BC
$1,549,999
Est. Mortgage /mo
MLS# R3054278
3
Beds
1
Baths
1445
sqft
1073
$
/sqft
1958
built
Property Details & Specs
6.0% price reduction
Exceptional development/holding opportunity in a highly sought-after location! This beautiful 7,600+ square foot corner lot (115 feet frontage on 78 Avenue & 66 feet on 124 Street) is zoned R3, allowing for a FOURPLEX or DUPLEX with 2 legal suites – the perfect site for your next project or investment. The property currently features a 3-bedroom rancher, offering excellent rental income potential during planning and permitting. Bus stop is right next to the property (Bus #329 – direct to Surrey Central Station), and Strawberry Hill Elementary is just 1 block away – a fantastic location for families and commuters alike.
Property Timeline
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 18' x 18' ft |
| Main Level | Dining Room | 12' x 12' ft |
| Main Level | Kitchen | 12' x 12' ft |
| Main Level | Primary Bedroom | 13' x 13' ft |
| Main Level | Bedroom | 18' x 18' ft |
| Main Level | Bedroom | 11' x 11' ft |
| Main Level | Laundry | 7' x 7' ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #4 |
Listed by: Coldwell Banker Universe Realty & Century 21 Coastal Realty Ltd.
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.
Neighborhood & Transit Info
Public Schools
- Elementary
- Strawberry Hill Elementary School
- Average
- 0.36 km
- Secondary
- Princess Margaret Secondary School
- 1.57 km
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
- Elementary
- Sikh Academy
- Above Average
- 1.74 km
- Elementary, Secondary
- Khalsa School (Surrey)
- 5.5 km
Closest Transit
- Bus Stop
- Northbound 124 St @ 78 Ave
- 0.02 km
- Skytrain
- Skytrain @ King George Stn
- 4.88 km
Crime Rate
- Total Crime Rate
- Average
- Violent Crime Rate
- Below Average
- Property Crime Rate
- Average
Demographics
- Post-Secondary Education
- Below Average
- 17%
- No Certificate/Degree
- Above Average
- 28.5%
- Owner Occupied
- Above Average
- 76.7%
- Employment Rate
- Above Average
- 84.1%
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
Local Info
Estimated Mortgage Calculator
/month
Principal & Interest
Property Taxes
$409
Maintenance fee
0
Based on a 30-year fixed at 4% interest with 20% down ($310,000), the estimated monthly payment for this listing is $6,329/month — $5,920 principal & interest, $409 property tax.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:
Estimated Cashflow Calculator
/month
Mortgage Payment
Monthly Payment
Break Even Down Payment
0%
At an estimated rental income of $4,150/month, this property runs a $2,340/month shortfall after mortgage and carrying costs. Break-even requires approximately 52% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Home Price Evaluation Chart
This Home
$1,549,999
Surrey
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West Newton
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No active comparables were found in West Newton. Based on 4 similar Single Family Residences across Surrey, the average asking price is $1,466,666 — this listing is 5.7% above the city-wide average. This property is flagged as a Hot Deal (6.0% price reduction) based on its competitive pricing and market demand.
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 Price Comparision
This house
$1,400,000
Surrey
Fleetwood Tynehead
$1,399,000
-6.38%
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
Property FAQs
What are the closest top-rated schools to 12411 78 Avenue, Surrey, BC?
The closest top-rated schools are Strawberry Hill Elementary School and Princess Margaret Secondary School.
Is 12411 78 Avenue, Surrey, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 12411 78 Avenue, Surrey, BC?
With a standard down payment, the estimated monthly mortgage is approximately $9,300.
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