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$2,200,000

12473 114 AVENUE

Surrey · MLS® R3018313

3 bed · 2 bath · 1,935 sq ft · 8,900 sq ft lot · 4 parking

House · Single Family · built 1948 · 476 days on market

Listed by Onkar Bhatti, RE/MAX Bozz Realty

Realtor's description

Great value with great Development potential! Almost 9,000 Sq. Feet this huge lot is located in an up and coming area that is likely to boom in the near and the distant future. Big things are coming to Surrey's Fraser River Waterfront! The City of Surrey has approved a feasibility study for a brand new Waterfront Entertainment District near the new Pattullo Bridge - bringing Restaurants, Retail, parks, Plazas and landmark attractions to this area!! With a high-rise building (Bridgecity) planned and approved just blocks away, this area is likely to change soon for ever! Be ahead of the game and secure this great piece of land for potential huge rewards in the future!! There are two separate ground level units which are fully livable and rentable. Potentially a great-great holding property!

Property details

Type: House, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 1,935 sq ft
Lot: 8,900 sq ft
Parking: 4
Year built: 1948
Property tax: $5,756 / yr
Days on market: 476
MLS®: R3018313

Features

Washer
Refrigerator
Dishwasher
Stove
Dryer

Price check

2026 assessment: $1,107,300 · asking is +99%
Price per sq ft: $1,137 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 476 days · no price changes so far

The market here

Listed now: 64 days; median for 1902 houses for sale; this one 476 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,107,300	$3,795

The listing shows $5,756 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

$10,065/mo

Mortgage $9,585 · Tax $480

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

estimated payment

$9,585/ monthly

loan $1,760,000

25-year amortization

down payment20% · $440,00020%+ 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: $1,115,557
property transfer tax: $44,000; BC general rate
cash to close: $484,000; down + PTT
total paid: $2,875,557

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: 824 m² (8,869 sq ft) · PID 011-390-875. 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
800 m away · 12834 115a Ave, Surrey · 604-580-1047
Secondary Kwantlen Park Secondaryhomes in this catchment
2.5 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 2 storey building
260 m away · 2019 · under review
Development permit to allow for a Two-Storey Industrial Building and outdoor Storage use. Proposed OCP Amendment from Urban to Industrial. Rezoning from I-4 and RF to CD Zone. Consolidation of 2 lots to 1.
Rezoning
70 m away · 2024 · under review
Rezoning from I-4 to I-L; Subdivision from two (2) lots into two (2) lots(adjustment of lot line); Development Permit for a 7587.83sq.m industrial building.
Rezoning
230 m away · 2025 · under review
Proposal to Rezone from R3 and I4 to IL OCP Amendment of Urban portion to Industrial Development Permit for form character including Hazard Lands (flood prone areas) for an existing structure to facilitate a truck servicing operation

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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