$2,998,000

12248 97 AVENUE

Surrey · MLS® R3110547

4 bed · 2 bath · 1,736 sq ft · 21,145 sq ft lot · 0 parking

House · Single Family · built 1948 · 176 days on market

Listed by Rimpy Hothi, Sutton Group-West Coast Realty

Investor Alert! 21,000 Sq ft ft Cedar Hill Surrey lot offering strong redevelopment potential, possible subdivision for four duplexes, ideal for builders seeking future growth, rent income, and capital appreciation opportunity.

Type: House, Single Family
Bedrooms: 4
Bathrooms: 2
Living area: 1,736 sq ft
Lot: 21,145 sq ft
Parking: 0
Year built: 1948
Property tax: $14,079 / yr
Days on market: 176
MLS®: R3110547

2026 assessment: $3,315,000 · asking is -9.6%
Price per sq ft: $1,727 vs $531 median for houses in Surrey for sale (1887)

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.

On market 176 days

$14,235/mo

Mortgage $13,062 · Tax $1,173

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

estimated payment

$13,062/ monthly

loan $2,398,400

25-year amortization

down payment20% · $599,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,520,200
property transfer tax: $67,940; BC general rate
cash to close: $667,540; down + PTT
total paid: $3,918,600

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.

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