2576 124b St, Surrey BC - Land for Sale - MLS# R3140189

$1,199,000
Est. Mortgage $5,304/mo
0 sqft
$1,199,000
Est. $5,304/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

Photos

Property Details for 2576 124b Street

Rare flat 6,239 SQFT. building lot in the heart of Ocean Park. 49 ft frontage x 125 ft depth with R3 zoning ideal for a stunning 3-level custom home or a duplex. Very private setting surrounded by beautiful established properties in one of South Surrey’s most sought-after neighbourhoods. Close to trails, Ocean Park Village and within the highly desirable catchments of Elgin Park Secondary and Crescent Park Elementary. Building lots in this pocket are rarely available. Ready to build lot.

Exterior Features

Exterior Features Private Yard
Structures Land Only

Building Details

Price $1,199,000
Property Type Land
Ownership Type Freehold NonStrata
Utility Type Sanitary Sewer At Lot Line, Storm Sewer At Lot Line, Electricity At Lot Line, Natural Gas At Lot Line, Natural Gas Connected, Cable Connected
Water (WaterSource) Public

Lot & Land

Lot Size 6239
Lot Size Depth Feet
Lot Size Frontage 49
MLS® # R3140189
Area South Surrey White Rock
Neighbourhood Crescent Bch Ocean Pk.
City Surrey
Postal Code V4A 3N7
Gross Taxes $4,988.72
Zoning R3

Property Timeline

Status Date Price
R3140189 / Active 06-26-2026 $1,199,000
R3100618 / Terminated 03-18-2026 $1,310,000
R3091837 / Terminated 02-20-2026 $1,190,000
R3079252 / Terminated 01-13-2026 $1,310,000
R3053934 / Terminated 10-01-2025 $1,399,000
R2980717 / Expired 03-21-2025 $1,399,000
R2924719 / Expired 09-12-2024 $1,449,000

Listed by: Homelife Benchmark Realty Corp.

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
Crescent Park Elementary School
Average
0.76 km
6.7/10
Secondary
Elgin Park Secondary School
Above Average
2.06 km
7.3/10

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

Private Schools

Elementary
Star of the Sea School
Above Average
5.12 km
8.7/10
Elementary, Secondary
White Rock Christian Academy
Above Average
5.46 km
8.9/10

Closest Transit

Bus Stop
Westbound 25 Ave @ 126 St
0.21 km
Skytrain
Skytrain @ Fleetwood Station ( Under Construction till 2029)
13.92 km

Crime Rate

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

Demographics

Post-Secondary Education
Above Average
34.7%
No Certificate/Degree
Below Average
11%
Owner Occupied
Below Average
48.8%
Employment Rate
Average
59.6%

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

Sell Speed & Competition

53 / 100
Overall sell-speed score
Moderate pace expected
B+
Price competition grade
Avg comparable: $1,299,956
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 13.92 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How CRESCENT BCH OCEAN PK. compares
This property
14 DOM
Listed
Crescent Bch Ocean Pk. avg
Surrey avg

2576 124b Street has a sell-speed score of 53/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 8.4% below comparable active properties in Crescent Bch Ocean Pk., which is a strong competitive signal. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V4A 3N7

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V4A 3N7, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

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.

Air Quality A / Excellent

Annual avg PM2.5 4.5 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: North Delta, Delta (~12.2 km). Annual avg AQHI 2.1 — Low Risk.

Heat Moderate

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.

Precipitation Increasing

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.

Drought Stable

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.

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 2576 124b Street

Walkability & Transit Near 2576 124b Street

Walk Score Badge
Car-Dependent 43

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 35

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
36

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 2576 124b Street

2026 assessed value, sourced from City of Surrey open data (PID 032-229-267).
Total Assessed Value (2026)
$1,318,000
2026 Value Trend
Land
$1,318,000
Buildings
$0
Year Built
N/A
Class
N/A
Zoning
R3
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $1,318,000 $0 $1,318,000

Mortgage Calculator for 2576 124b Street

/month
Principal & Interest
Property Taxes $416
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($239,800), the estimated monthly payment for this listing is $4,995/month — $4,579 principal & interest, $416 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%
Cap Rate
Cash on Cash
At an estimated rental income of $3,519/month, this property runs a $1,629/month shortfall after mortgage and carrying costs. Break-even requires approximately 49% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Crescent Bch Ocean Pk., Surrey

Beds Home Types Square Feet Lot Size Year Built
This Home $1,199,000
Surrey Loading...
Crescent Bch Ocean Pk. Loading...

Based on 11 comparable active properties in Crescent Bch Ocean Pk., the average asking price is $1,944,667. This listing is priced 38.3% below the neighbourhood average.

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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Walkability & Transit Near 2576 124b Street

Walk Score Badge
Car-Dependent 43

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 35

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
36

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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