Investors, builders, and first-time home buyers, this is a great opportunity to own an 8,835 sq ft lot in a prime Surrey location with strong development potential for a 4-plex or 6-plex (buyer to verify with the City of Surrey). The existing home is well kept and offers good rental income, with 3 bedrooms and 2 bathrooms upstairs, plus (3+1)-bedroom suites and an extra room downstairs that can be used as an office or additional rental space. The property is in a convenient area close to schools, shopping, and public transportation, making it attractive for tenants. With potential good rental income, this is a solid option for investors looking for both current income and future redevelopment potential. Call today to book a showing.
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | Finished |
| Appliances Included | Washer/Dryer, Dishwasher, Refrigerator, Stove |
| Fireplace | 0 |
| Heating Type | Forced Air |
| # of Kitchens | 3 |
| Foundation | Concrete Perimeter |
| Roof | Asphalt |
|---|---|
| Structures | Residential Detached |
| Price | $1,189,900 |
|---|---|
| Total Bedrooms | 7 |
| Total Bathrooms | 4 |
| Full Bathrooms | 4 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 2425 |
| Year Built | 1988 |
| Age Of Building | 38 |
| Building Type | Single Family Residence |
| Property Type | Residential |
| Architecture Style | Split Entry |
| Stories | 2 |
| Ownership Type | Freehold NonStrata |
| Utility Type | Electricity Connected, Natural Gas Connected |
| Utility Sewer | Public Sewer |
| Water (WaterSource) | Public |
| Parking Type | Additional Parking, Front Access |
| Total Parking Spaces | 8 |
| Rental Suites | Unauthorized Suite |
| Lot Size | 8835 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 61 |
| MLS® # | R3124493 |
| Area | North Surrey |
| Neighbourhood | Cedar Hills |
| City | Surrey |
| Postal Code | V2T 5J9 |
| Gross Taxes | $6,394.22 |
| Zoning | R3 |
| Status | Date | Price |
|---|---|---|
| R3124493 / Active | 05-15-2026 | $1,189,900 |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 11'10 x 11'10 ft |
| Main Level | Kitchen | 13'0 x 13'0 ft |
| Main Level | Dining Room | 8'8 x 8'8 ft |
| Main Level | Primary Bedroom | 11'10 x 11'10 ft |
| Main Level | Bedroom | 10'8 x 10'8 ft |
| Main Level | Bedroom | 11'0 x 11'0 ft |
| Basement Level | Living Room | 14'0 x 14'0 ft |
| Basement Level | Kitchen | 8'0 x 8'0 ft |
| Basement Level | Bedroom | 12'0 x 12'0 ft |
| Basement Level | Living Room | 9'4 x 9'4 ft |
| Basement Level | Kitchen | 9'11 x 9'11 ft |
| Basement Level | Bedroom | 14'6 x 14'6 ft |
| Basement Level | Bedroom | 12'10 x 12'10 ft |
| Basement Level | Bedroom | 9'1 x 9'1 ft |
| Basement Level | Den | 9'10 x 9'10 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #3 |
| Main Level | No | #3 |
| Basement | No | #3 |
| Basement | No | #3 |
Listed by: Gilco Real Estate Services
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.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
| Schools Near 12841 98 Avenue | |||||
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $1,307,000 | $29,000 | $1,336,000 | — |
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