12841 98 Ave, Surrey BC - Single Family Residence for Sale - MLS# R3124493

$1,189,900
Est. Mortgage $5,264/mo
7 Beds
4 Baths
2425 sqft
491 $ /sqft
1988 built
$1,189,900
Est. $5,264/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 12841 98 Avenue

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.

Interior Features

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

Exterior Features

Roof Asphalt
Structures Residential Detached

Building Details

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 & Land

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

Property Timeline

Status Date Price
R3124493 / Active 05-15-2026 $1,189,900
Rooms
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
Bathrooms
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.

Map & Neighbourhood

Public Schools

Elementary
A H P Matthew Elementary School
Average
0.97 km
6/10
Secondary
Queen Elizabeth Secondary School
1.63 km

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

Private Schools

Elementary, Secondary
Khalsa School (Surrey)
1.73 km
Elementary, Secondary
Khalsa School (Surrey)
1.73 km

Closest Transit

Bus Stop
Northbound 128 St @ 98 Ave
0.12 km
Skytrain
Skytrain @ King George Stn
1.62 km

Crime Rate

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

Demographics

Post-Secondary Education
Below Average
15.7%
No Certificate/Degree
Above Average
24.3%
Owner Occupied
Average
71.6%
Employment Rate
Above Average
74%

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

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 12841 98 Avenue

BC Assessment Value — 12841 98 Avenue

2026 assessed value, sourced from City of Surrey open data (PID 010-153-870).
Total Assessed Value (2026)
$1,336,000
2026 Value Trend
Land
$1,307,000
Buildings
$29,000
Year Built
N/A
Class
N/A
Zoning
R3
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $1,307,000 $29,000 $1,336,000

Mortgage Calculator for 12841 98 Avenue

/month
Principal & Interest
Property Taxes $533
Maintenance fee 0
With a 20% down payment, buyers can expect an estimated $5,078/month in total housing costs on this $1,189,900 property — $4,545 mortgage payment, $533 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%
Estimated rental income of $6,076/month exceeds carrying costs by $846/month, making this an income-positive property at 20% 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 $1,189,900
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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