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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 |
| 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
12841 98 Avenue has a sell-speed score of 48/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.
Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V2T 5J9, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.
Annual avg PM2.5 4.5 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: North Delta, Delta (~3.6 km). Annual avg AQHI 2.1 — Low Risk.
Surrey currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~8 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30 °C baseline, ~32.5 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.
Annual precipitation ~1516 mm (1981–2010 baseline), projected ~1574 mm by the 2050s. Extreme 1-day rainfall: ~51.5 mm baseline, ~57.1 mm projected. Values vary modestly across the Lower Mainland.
Longest annual dry spell (consecutive dry days): ~23 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Calculate your commute
12841 98 Ave, Surrey, BC is ideally located for commuters. The property is 1.6 km from King George, with a 62 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Northbound 128 St @ 98 Ave (0.12 km). Walk Score Transit rating: Good Transit (53/100).
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $1,307,000 | $29,000 | $1,336,000 | — |
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.
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