12617 88 Ave, Surrey, BC, MLS® R2975383

$2,549,999
Est. Mortgage /mo

$2,549,999
Est. Mortgage /mo
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
7 Beds
8 Baths
2 Stories
lot 6699 sqft
3955 sqft
2013 built
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Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

12617 88 Ave, Surrey, BC | MLS® R2975383 Property Details

ATTENTION INVESTORS ! Central location in the heart of QUEEN MARY PARK ! Don't miss this opportunity to own an amazing DEVELOPMENT potential property in Surrey ! Situated on 88 AVENUE this property boasts excellent EXPOSURE and is located just steps from a major COMMERCIAL shopping plaza and across the street from an INDUSTRIAL zone. This stunning property features a generous 3955 square feet of beautifully designed living space across two floors, boasting 7 spacious bedrooms and 8 bathrooms. Mortgage Helpers - 2+1 rental suites and a studio unit with great income potential. Ideally located close to schools, public transit, shopping and all other amenities. Call today to secure this lucrative investment opportunity!

General Info

Price $2,549,999
Total Bedrooms 7
Total Bathrooms 7
Half Bathrooms 1
Floor Area Total (sqft) 3955
Lot Size 6699
Lot Size Depth Feet
Lot Size Frontage 58.21
Basement Finished, Exterior Entry
Basement Features BasementFeatures

Property Metrics

Year Built 2013
Age Of Building 12
Building Type Single Family Residence
Property Type Residential
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS® # R2975383
Area Surrey
Neighbourhood Queen Mary Park Surrey
City Surrey
Gross Taxes $7,981.33
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby

Heating & Cooling

Fireplace 0
Heating Type Radiant

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Additional Parking, Garage Single
Total Parking Spaces -

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Strata Restrictions -
Rental Restrictions -
Zoning RES
Rental Suites Legal Suite,Unauthorized Suite
# of Kitchens 4
Flooring Mixed
Foundation Block
Interior Features Pantry
Locker -
View Description -
Units In Development -
Exterior Features Balcony, Private Yard
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Asphalt

Property History

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Status Date Price
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Listed by: Royal LePage West 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.

Neighborhood Info

Public Schools

Secondary
Queen Elizabeth Secondary School
2.2 km
Elementary
David Brankin Elementary School
0.8 km

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

Private Schools

Elementary
Sikh Academy
0.87 km
Elementary, Secondary
Khalsa School (Surrey)
3.49 km

Closest Transit

Bus Stop
Eastbound 88 Ave @ 126 St
0.05 km
Skytrain
Skytrain @ King George Stn
3.00 km

Noise/ Power Lines

Road/Hwy Noise
Possible
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

Welcome to 12617 88 Avenue, a lovely home in the heart of Surrey, BC, listed with MLS® R2975383. As we walk through this beautiful neighborhood, I'm excited to share with you the various amenities and features that make this community so desirable.

Education

Let's start with the schools. This property is serviced by David Brankin Elementary School, which is just a short 0.8 km away. David Brankin Elementary has a rating of No Rating, but families love this area because of its excellent educational opportunities. Additionally, Queen Elizabeth Secondary School is also nearby, approximately 2.2 km from the property.

For those who prefer independent schools, the closest elementary school is Sikh Academy, with a rating of 7.1/10, located just 0.87 km from this home. For secondary education, Khalsa School (Surrey) is the closest option, with a rating of No Rating, situated 3.49 km away.

Safety and Crime Rates

When it comes to safety, the freshest crime data from Statistics Canada (2020) shows that this neighborhood has an average crime rate of 7,512.73. Comparing to other Canadian cities, it's classified as having an Average rate. The year-by-year change in the total crime rate is -12.05%. This indicates a stable and secure environment for residents.

Demographics

The demographics of this neighborhood are quite interesting. According to the latest statistics, 14.4% of the population holds a university certificate or degree, which is Below Average compared to other BC neighborhoods. On the other hand, 32.6% of the population has no certificate or degree, which is High compared to the average in BC.

In terms of income, the median household income near this dwelling is $73,600, which is Average in comparison to the British Columbia average. The median personal income is $23,296, which is Low in comparison to the BC average. A notable aspect is that 68.7% of households in this census subdivision have a mortgage, which is Above Average.

Transit and Transportation

The closest bus station is Eastbound 88 Ave @ 126 St, located just 0.05 km away from this listing with MLS® R2975383. With easy access to public transportation, residents can enjoy a convenient and stress-free commute.

Lifestyle Amenities

This neighborhood offers a range of lifestyle amenities, including parks, beaches, and trails. Residents can also enjoy shopping malls, grocery stores, restaurants, and coffee shops within walking distance.

Real Estate Context

In terms of real estate, the average dwelling value in this neighborhood is $779,536, which is High compared to other areas in British Columbia. The average owner payments are High in this area, with owners spending an average of $1,680 per month. Tenants, on the other hand, pay an average of $912 per month, which is Below Average.

Population and Growth

The population density per square kilometer in this community is 3,280, which is Above Average. The population change between 2011 and 2016 was 3.1%, which is Above Average in comparison to the average growth rate of this region. The average family size in this area is 3.2, which is High compared to the whole region.

Language and Transportation

The majority of the population in this area speaks English only, with 84.2% of residents being English speakers only. This is Below Average compared to other BC cities. On the other hand, 14% of the population speaks neither English nor French, which is High compared to other BC cities.

In terms of transportation, 83.9% of residents use cars, which is Average. 11.9% of residents use public transportation, which is Average. 4.2% of residents walk, which is Average. Unfortunately, no residents use bicycles in this area.

In conclusion, 12617 88 Avenue, Surrey, BC, listed with MLS® R2975383, is a wonderful home in a thriving neighborhood. With its excellent educational opportunities, stable crime rates, and convenient access to public transportation, this community is an attractive option for families and individuals alike. I hope this tour has given you a sense of the wonderful amenities and features that make this neighborhood so desirable.

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $2,549,999
Surrey $2,082,667
Queen Mary Park Surrey No comparables
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

No comparables

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

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