Property Type: Detached HouseOwnership: Freehold

12242 98A AVENUE

Surrey, BC V3V7S5

$1,649,000

6 bed5 bath6 parking3,996 sqftBuilt 1994
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Amenities

Also listed: Storage - Locker, Laundry - In Suite

Property Details

Property & Lot

Sub-type
House
Lot size
9,022 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,585.3 (2026)

Interior

Basement
Finished, Full, Separate entrance
Heating
Forced air
Fireplace
Yes (3)

Exterior & Lot

View
Mountain view

Parking

Total spaces
6 — covered indicated
Features
Garage

Listing Information

MLS®
R3138702
Listed
June 24, 2026
Time on market
On the market for 68 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: Investa Prime Realty · Data source: CREA DDF.

Description

Exceptional value in desirable Cedar Hills! This beautifully maintained nearly 4,000 sq. ft. two-storey home offers stunning mountain views and is situated on a large, private lot in a quiet family-friendly neighbourhood. Featuring 6 bedrooms, 5 bathrooms, and a den/office, the spacious primary suite includes two walk-in closets, a dressing area, fireplace, luxurious ensuite, and jetted tub. Enjoy a grand entry with soaring ceilings and skylights, an open-concept kitchen, and generous living and dining areas. Durable tile roof and a bright 2-bedroom legal suite with separate entrance provide excellent mortgage helper potential. Conveniently located near shopping, schools, and major highway access. (id:63159)

Values & Trends

This listing

$413/sqft

Building average

No other active listings in this building

Surrey average

$691/sqft

1844 active listing(s)

Parking: 6 stall(s) includedStorage locker: Included

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Detached (House) Market Stats — Surrey

Monthly figures from the Fraser Valley Real Estate Board for Surrey detached (house)listings — not specific to this property.

MLS® HPI Benchmark Price

$1,325,500

Jul 2026

Average Sale Price

$1,364,812

Jul 2026

Monthly Sales

61

Jul 2026

Active Listings

692

Jul 2026

Sales-to-Active Ratio

9.0%

Jul 2026

Median Days to Contract

43 days

Jul 2026

MLS® HPI Benchmark Price

$1,793,500
$1,325,500
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: Langley

Mainly Clear

16°C

Mainly Clear

Humidity 78%

Wind S 3 km/h

Tonight

14°

Tuesday

21°

Tuesday night

16°

Wednesday

19°

Wednesday night

14°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

568,322

(2021 Census)

+9.7% since 2016

Density: 1,797.9/km²

Dwellings: 195,098

Median household income: $98,000

After-tax: $87,000

Immigrant population: 44.6%

Top countries of origin (% of total population)

  • India16.9% · 95,905
  • Philippines5.2% · 29,510
  • China4.2% · 23,850
  • United Kingdom1.5% · 8,320
  • Korea, South1.2% · 6,995
  • Viet Nam1.1% · 6,425
  • Pakistan1% · 5,710
  • Taiwan1% · 5,540

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

26

5/9 categories nearby

Transit

33

5 stop(s) within 800m

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Cedar Hills ElementaryElementary502 m
Prince Charles ElementaryElementary696 m
L.A. Matheson SecondarySecondary709 m
Royal Heights ElementaryElementary981 m
Kirkbride ElementaryElementary1.3 km
Senator Reid ElementaryElementary1.3 km
Khalsa Secondary School (Surrey)(Independent)Secondary1.5 km
Khalsa School Old Yale Road(Independent)Elementary1.7 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

StopTypeDistance
Northbound Scott Rd @ 98 Ave270 m
Southbound Scott Rd @ 99 Ave292 m
Northbound Scott Rd @ 99 Ave319 m
Southbound 123A St @ 99 Ave432 m
Northbound 123A St @ 98 Ave439 m

Nearby Places

Restaurants (4)

  • Spice Club · 9570 Scott Road609 m
  • Mirch Masala · 9545 Scott Road705 m
  • Pamir Diner Afghan Cuisine · 9535 Scott Road713 m
  • Mahek Restaurant & Lounge · 9470 Scott Road745 m

Grocery (1)

  • Tayebah Halal Meat & Groceries547 m

Parks (1)

  • Al Cleaver Park · 11870 River Road599 m

Pharmacies (2)

  • Care In Motion Pharmacy256 m
  • Pharmasave537 m

Banks & ATMs (2)

  • Scott Hill Convenience - Bitcoin Well ATM · 9886 120 Street258 m
  • RBC728 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($329,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,319,200.00
Periodic payment — Principal & Interest (monthly)$8,511.03
Additional monthly expenses (strata, tax, utilities, etc.)$832.11
Total monthly cost$9,343.14
Interest paid over 5-yr term$378,086.51
Balance at end of term$1,186,624.67

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$329,800
Stress test qualifying rate8.09%
Payment you must qualify for$10,144.19

Cash Needed at Closing

Minimum down payment$329,800
Estimated BC PTT$30,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$362,280

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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