Investors, builders, and first-time home buyers, this is a great opportunity to own an 8,835 sq ft lot in a prime Surrey location with strong development potential for a 4-plex or 6-plex (buyer to verify with the City of Surrey). The existing home is well kept and offers good rental income, with 3 bedrooms and 2 bathrooms upstairs, plus (3+1)-bedroom suites and an extra room downstairs that can be used as an office or additional rental space. The property is in a convenient area close to schools, shopping, and public transportation, making it attractive for tenants. With potential good rental income, this is a solid option for investors looking for both current income and future redevelopment potential. Call today to book a showing.
Address
12841 98 Avenue
List Price
$1,189,900
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Split Entry
Structure Type
Residential Detached
Transaction Type
Sale
Area
North Surrey
Sub-Area
Cedar Hills
Bedrooms
7
Bathrooms
4
Floor Area
2,425 Sq. Ft.
Main Floor Area
1038
Lot Size
8835 Sq. Ft.
Lot Size Dimensions
61 x 143
Lot Size (Acres)
0.2 Ac.
Lot Size Units
Square Feet
Total Building Area
2425
Frontage Length
61
Year Built
1988
MLS® Number
R3124493
Listing Brokerage
Gilco Real Estate Services
Basement Area
Finished
Postal Code
V2T 5J9
Zoning
R3
Ownership
Freehold NonStrata
Parking
Additional Parking, Front Access
Parking Places (Total)
8
Tax Amount
$6,394.22
Tax Year
2025
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Board Or Association
Fraser Valley
Heating
Yes
Heat Type
Forced Air
Entry Location
Split Entry
Levels
Split Entry
Number Of Floors In Property
2
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