12473 114 Avenue, Surrey, V3V 3N8 — photo 1

$2,200,000

12473 114 Avenue, Surrey, V3V 3N8
Active
3 Bedrooms 2 Bathrooms 1,935 sqft Built 1947 Residential
1 Listing Signal Detected
Renovation RequiredNote

Likely needs work. Get contractor quotes before making an offer — renovation costs can exceed expectations.

About This Property

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!

Other

Property Details

MLS #

R3018313

Status

Active

Type

Residential

Sub-type

Single Family Residence

Style

Rancher/Bungalow

Ownership

Freehold NonStrata

Zoning

SFD

Bedrooms

3

Full Baths

2

Half Baths

0

Kitchens

2

Living Area

1,935 sqft

Main Floor

1,935 sqft

Lot Size

8,900 sqft

Lot Dimensions

89 x

Frontage

89

Year Built

1947

Age

78 years

Roof

Asphalt

Construction

Frame Wood, Mixed (Exterior)

Structure

Residential Detached

Parking Stalls

4

Parking Type

Additional Parking, Open, Front Access

Original Price

$2,200,000

Taxes

$5,756.37/yr

Listed

2025-06-20

MLS Area

Bridgeview

City

Surrey

Postal Code

V3V 3N8

Features & Finishes

Heating

Electric

Flooring

Mixed

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove

Laundry

In Unit

Patio / Porch

Patio

Exterior Features

Private Yard

Building & Community

Lot Features

Central Location, Recreation Nearby

Fencing

Fenced

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer, Storm Sewer

Utilities

Electricity Connected, Natural Gas Connected, Water Connected

Community

Shopping Nearby

Disclosures

Property Disclosure

Yes

Coordinates: 49.210036, -122.876627 · Map data © Google

5.3

Above Market

Deal Score out of 10

Priced above comparable sales — may have room to negotiate.

Value vs market118% above market — check if justified
Days on market318 days — significantly stale, strong negotiation position
Price historyNo price reduction — seller firm on price
Market conditionsBuyer's market — avg 96% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$2,066,892

6.1% below asking price

Negotiation Range

$2,011,892$2,099,892

$88,000 spread

$2,011,892$2,200,000 ask

Based on 42 recent sales, a starting offer around $2,066,892 (6.1% below ask) is reasonable. Your negotiation range is $2,011,892 – $2,099,892.

What's factored in

Market baseline42 recent Surrey sales closed at median 96.2% of list price
Extended market time318 days listed — well above market avg of 190 days, increased negotiation leverage
Above-average DOM318d vs market avg of 190d — property may have a pricing or condition issue

Based on 42 residential sales in Surrey (last 60 days) · Updated May 4

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