12488 92 AVENUE
Surrey, BC V3V1G5
$1,399,999
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 11,404 square feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,911.32 (2026)
Interior
- Basement
- None, Unknown
- Heating
- Forced air, Hot Water
- Fireplace
- None
Parking
- Total spaces
- 6 — covered indicated
- Features
- Detached Garage, Open, RV
Listing Information
- MLS®
- R3148700
- Listed
- July 22, 2026
- Time on market
- On the market for 40 days
- Tax assessment year
- 2026
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Sabre Realty Group · Data source: CREA DDF.
Description
Rare opportunity on a prime 11,404 sq. ft. corner lot with two road frontages! This spacious 6-bedroom home features a primary bedroom on the main floor and offers excellent holding or investment potential. The detached garage includes a suite, providing valuable mortgage helper income. Zoned R3, this property presents outstanding redevelopment potential, with the possibility of a 4-6 unit houseplex (buyer to verify all development potential with the City). Ideal for investors, builders, or those seeking a large family home with future upside. Conveniently located close to schools, parks, shopping, transit, and other amenities. Don't miss this exceptional opportunity! (id:63159)
Values & Trends
This listing
$454/sqft
Building average
—
No other active listings in this building
Surrey average
$691/sqft
1844 active listing(s)
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
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
Nearest station: Langley
14°C
Clear
Humidity 87%
Wind S calm 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
| School | Type | Distance |
|---|---|---|
| Senator Reid Elementary | Elementary | 354 m |
| David Brankin Elementary | Elementary | 650 m |
| Kirkbride Elementary | Elementary | 663 m |
| L.A. Matheson Secondary | Secondary | 816 m |
| Cedar Hills Elementary | Elementary | 1.2 km |
| Betty Huff Elementary | Elementary | 1.2 km |
| Immaculate Conception School(Independent) | Elementary | 1.3 km |
| Sikh Academy(Independent) | Elementary/Middle | 1.6 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
| Stop | Type | Distance |
|---|---|---|
| Westbound 92 Ave @ 124 St | — | 246 m |
| Southbound 124 St @ 93 Ave | — | 264 m |
| Southbound 124 St @ Iona Place | — | 432 m |
| Southbound 124 St @ 95 Ave | — | 608 m |
| Southbound 128 St @ 92 Ave | — | 621 m |
Nearby Places
Restaurants (2)
- Sam's Chaat House622 m
- Pizza Hut637 m
Cafes (1)
- Tim Hortons · 12467 88 Avenue719 m
Grocery (1)
- Walmart Supercentre · 12451 88 Avenue463 m
Parks (4)
- Robertson Drive Park475 m
- Iona Park482 m
- Moffat Memorial Park673 m
- Kennedy Park777 m
Shopping (1)
- Smartcentres Surrey (W), BC · 12549 88 Avenue572 m
Nearby places data: © OpenStreetMap contributors.
School district: Surrey (SD36)
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Mortgage & Ownership Cost Calculator
Minimum required: 8.2% ($115,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.