$1,189,900

12841 98 AVENUE

Surrey BC V2T 5J9 - Cedar Hills
7 bd
4 ba
2,425 sqft
Built 1956

About This Property

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…

Features

Additional Parking
Front Access
Room measurements15 rooms
Living RoomMain · 9'10 × 11'10
KitchenMain · 9'8 × 13'0
Dining RoomMain · 16'7 × 8'8
Primary BedroomMain · 11'9 × 11'10
BedroomMain · 8'6 × 10'8
BedroomMain · 9'0 × 11'0
Living RoomBsmt · 6'0 × 14'0
KitchenBsmt · 8'1 × 8'0
BedroomBsmt · 10'0 × 12'0
Living RoomBsmt · 6'1 × 9'4
KitchenBsmt · 15'1 × 9'11
BedroomBsmt · 10'1 × 14'6
BedroomBsmt · 8'3 × 12'10
BedroomBsmt · 12'5 × 9'1
DenBsmt · 10'1 × 9'10

Property Details

MLS NumberR3124493
Property TypeSingle Family Residence
Bedrooms7
Bathrooms4
Square Feet2,425
Lot Size8,835 sqft
Year Built1956
HeatingForced Air
Days on Market102
StatusActive
Listed ByGilco Real Estate Services

School Catchment

Elementary A.H.P. Matthew
Secondary Queen Elizabeth

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$1,100,000Median home value
$97,000Median household income
53.8%Owner-occupied
36.8%Single-detached homes
3.5Avg household size
34.8Median age
25.7%Bachelor's degree or higher (25-64)
42.6%Commute under 30 min
70.4%Drive to work
44.1%Foreign-born residents
5,569Neighbourhood population

Age

Under 15: 14.5%15 to 64: 71.8%65 and over: 13.7%
  • Under 1514.5%
  • 15 to 6471.8%
  • 65 and over13.7%

Household size

  • 1 person14.7%
  • 222%
  • 317.3%
  • 418.8%
  • 5 or more27.2%

Language spoken at home

34.2% Punjabi mother tongue

  • English31.8%
  • English + other6.6%
  • Hindi4.9%
  • Tagalog4.2%
  • Arabic2%
  • Mandarin1.6%
  • All others14.7%

Mother tongue, share of 5,530 residents.

How this pocket differs

  • notably more 5+ person households than North Surrey 27.1% vs 14.7%
  • notably fewer people living alone than North Surrey 14.6% vs 25%
  • more 4-person households than North Surrey 18.8% vs 15%
  • notably more Punjabi speakers than North Surrey 34.2% vs 12.4%
  • notably more Hindi speakers than North Surrey 4.9% vs 2.6%
  • fewer Tagalog speakers than North Surrey 4.2% vs 6.2%

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

Thinking of selling in Cedar Hills?

See what your home could be worth and how the local market is moving.

Monthly Cost Calculator

Estimated monthly cost $6,108
Mortgage payment$5,455
Property tax$533
Home insurance$120
Partner Rates Available Contact us for preferred mortgage rates

An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax. 5-year fixed, as of Aug 20

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