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$1,249,000

101 12848 114B AVENUE

Surrey · MLS® R3076007

4 bed · 4 bath · 2,448 sq ft · 3 parking

House · Single Family · built 2026 · 273 days on market

Listed by Mandeep Bal, Skystreet Real Estate Marketing

Realtor's description

Presale Duplex, designed 3-level home in a family-friendly Surrey neighborhood. Features a legal 1-bedroom suite on the main floor with full kitchen, full washroom, and separate entrance ideal for rental income or extended family. Upper levels offer a functional layout with open-concept living and dining, a modern kitchen, convenient laundry, spacious bedrooms, and a primary bedroom with ensuite. Enjoy outdoor living with a private upper-level sun deck. Ideally located directly across from Bridgeview Elementary School and facing a large fenced playground. Includes garage and storage. Close to schools, parks, shopping, transit, and major routes. Estimated completion March 2027. A great opportunity to secure a brand-new home with income potential in a desirable Surrey location.

Property details

Type: House, Single Family
Bedrooms: 4
Bathrooms: 4
Living area: 2,448 sq ft
Parking: 3
Year built: 2026
Property tax: $3,276 / yr
Days on market: 273
MLS®: R3076007

Features

Washer
Refrigerator
Dishwasher
Stove
Dryer
Microwave

Price check

Typical for the area (-4.0%)

2026 assessment: $851,000 · asking is +47%
Price per sq ft: $510 vs $532 median for houses in Surrey for sale (1849)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 273 days · no price changes so far

The market here

Listed now: 64 days; median for 1902 houses for sale; this one 273 days

Houses in Surrey. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$851,000	$2,917

The listing shows $3,276 a year in property tax.

Estimate: the BC Assessment value times Surrey's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$5,715/mo

Mortgage $5,442 · Tax $273

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$5,442/ monthly

loan $999,200

25-year amortization

down payment20% · $249,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $633,332
property transfer tax: $22,980; BC general rate
cash to close: $272,780; down + PTT
total paid: $1,632,532

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Location

Lot outline: 465 m² (5,005 sq ft) · PID 031-710-727. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

SurreyGoogle Maps ↗

Location

SurreyGoogle Maps ↗

Schools

Catchment schools, Surrey School District 36

Elementary Bridgeview Elementaryhomes in this catchment
100 m away · 12834 115a Ave, Surrey · 604-580-1047
Secondary Kwantlen Park Secondaryhomes in this catchment
2.2 km away · 10441 132 St, Surrey · 604-588-6934

From the Surrey School District 36's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

Development nearby

Rezoning for a 6 storey, 27 unit building
170 m away · 2025 · under review
Rezoning from C4 to CD (Based on RM-70); Development Permit for Form Character and Hazard Lands (Flood Prone Area) to permit a six storey apartment with 27 residential units.
Rezoning for a 3 storey building
190 m away · 2023 · concluded
Rezoning a portion from Assembly Hall 2 Zone (PA-2) to Comprehensive Development Zone (CD) (based on CCR); Subdivision from one (1) into two (2) lots; Development Permit to allow the development of a 3-storey building with childcare office and community service uses within Hazards Lands.
Rezoning
150 m away · 2019 · under review
OCP Amendment from Urban to Industrial and rezoning from RF to an existing CD bylaw of 12933 114A Ave and Consolidation from two (2) to one (1).

Applications filed with the city, active or decided in the last 3 years, measured from the listing's map pin. An application isn't an approval; the city's page has the current details. Source: City of Surrey development applications.

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