$1,449,888
Likely needs work. Get contractor quotes before making an offer — renovation costs can exceed expectations.
About This Property
Exceptional development/holding opportunity in a highly sought-after location! This beautiful 7,600+ square foot corner lot (115 feet frontage on 78 Avenue & 66 feet on 124 Street) is zoned R3, allowing for a FOURPLEX or DUPLEX with 2 legal suites – the perfect site for your next project or investment. The property currently features a 3-bedroom rancher, offering excellent rental income potential during planning and permitting. Bus stop is right next to the property (Bus #329 – direct to Surrey Central Station), and Strawberry Hill Elementary is just 1 block away – a fantastic location for families and commuters alike.
Property Details
MLS #
R3054278
Status
Active
Type
Residential
Sub-type
Single Family Residence
Style
Rancher/Bungalow
Ownership
Freehold NonStrata
Zoning
R3
Bedrooms
3
Full Baths
1
Half Baths
0
Kitchens
1
Living Area
1,445 sqft
Main Floor
1,445 sqft
Basement
Yes
Lot Size
7,677 sqft
Lot Dimensions
115.65 x
Frontage
115.65
Year Built
1958
Age
68 years
Roof
Tile
Construction
Frame Wood, Vinyl Siding
Structure
Residential Detached
Parking Stalls
8
Parking Type
Additional Parking, Open, RV Access/Parking, Front Access
Original Price
$1,649,000
Taxes
$4,911.92/yr
Listed
2025-10-01
MLS Area
West Newton
City
Surrey
Postal Code
V3W 2X5
Features & Finishes
Heating
Forced Air · Natural Gas
Flooring
Vinyl · Carpet
Appliances
Washer/Dryer · Dishwasher · Refrigerator · Stove
Laundry
In Unit
Patio / Porch
Patio
Windows
Window Coverings
Interior Features
Storage
Building & Community
Lot Features
Central Location, Recreation Nearby
Water Source
Public
Sewer
Public Sewer, Sanitary Sewer, Storm Sewer
Utilities
Electricity Connected, Water Connected
Community
Shopping Nearby
Disclosures
Property Disclosure
Yes
Fair Market
Deal Score out of 10
Priced at or near market value in current conditions.
Offer Advisor
High confidenceSuggested Offer
$1,368,713
5.6% below asking price
Negotiation Range
$1,332,466 – $1,390,462
$57,996 spread
Based on 42 recent sales, a starting offer around $1,368,713 (5.6% below ask) is reasonable. Your negotiation range is $1,332,466 – $1,390,462.
What's factored in
Based on 42 residential sales in Surrey (last 60 days) · Updated May 4
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