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$2,325,000

12682 Crescent Road

Surrey · MLS® R3161615

3 bed · 3 bath · 3,616 sq ft · 13,254 sq ft lot · 6 parking

House · Single Family · built 1942 · 37 days on market

Listed by Bernie Scholz, Engel & Volkers Vancouver (Branch)

Realtor's description

Rarely offered such a unique and special property- Heritage and Character abound in this remodeled and ready to move into home in the Crescent Hts/Beach area. Sellers have spent $$$ updating and making it the perfect home that can work for Multi Generational living. A mid 1940's home that offers a Legal suite in the part walkout basement and an attached Accessory living space above the garage that is like a Carriage home- just completed and awaits. You will see the quality and modern convivences that have been done to livewell inside and the very special yard that features numerous outdoor living spaces set amongst mature shrubs and hedges that make this a really "one of a kind" property. Easy walking to the Crescent beach or coffee shops and restaurants.

Property details

Type: House, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 3,616 sq ft
Lot: 13,254 sq ft
Parking: 6
Year built: 1942
Property tax: $6,995 / yr
Days on market: 37
MLS®: R3161615

Features

Washer
Refrigerator
Dishwasher
Stove
Dryer
Storage Shed

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+21%)

2026 assessment: $1,552,000 · asking is +50%
Price per sq ft: $643 vs $531 median for houses in Surrey for sale (1886)

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 37 days · no price changes so far

The market here

Listed now: 65 days; median for 1945 houses for sale; this one 37 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,552,000	$5,319

The listing shows $6,995 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

$10,713/mo

Mortgage $10,130 · Tax $583

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

estimated payment

$10,130/ monthly

loan $1,860,000

25-year amortization

down payment20% · $465,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 11, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,178,941
property transfer tax: $47,750; BC general rate
cash to close: $512,750; down + PTT
total paid: $3,038,941

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.

If you rented it out

Suite rent: $1,602/mo
Your cost after the suite: $9,414/mo; vs $10,888 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $10,130 · tax $583 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) in Surrey (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

Location

Lot outline: 1,221 m² (13,143 sq ft) · PID 002-310-651. 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 Crescent Park Elementaryhomes in this catchment
800 m away · 2440 128 St, Surrey · 604-535-9101
Secondary Elgin Park Secondaryhomes in this catchment
1.8 km away · 13484 24 Ave, Surrey · 604-538-6678

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 3 storey, 12 unit building
150 m away · 2025 · conditionally approved
Rezoning from Combined Service Gasoline Station Zone (CG-2) to Comprehensive Development Zone (CD) (based on Neighbourhood Commercial Zone (C-5) and Multiple Residential 70 Zone (RM-70); Official Community Plan (OCP) Amendment from Urban to Commercial and to allow a FAR of 1.80 within the Commercial designation; Development Variance Permit for parking and indoor amenity space; Development Permit t

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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