Property Type: Detached HouseOwnership: FreeholdNEW LISTING

12520 CRESCENT ROAD

Surrey, BC V4A2V3

$2,598,000

2 bed1 bath10 parking1,917 sqftBuilt 1942
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Property Details

Property & Lot

Sub-type
House
Lot size
42,732 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,101.32 (2025)

Interior

Basement
Unfinished, Unknown
Heating
Forced air, Natural gas
Fireplace
Yes (2)
Appliances
Washer, Refrigerator, Dishwasher, Stove, Dryer

Exterior & Lot

View
Mountain view, Ocean view

Building

Water source
Municipal water

Parking

Total spaces
10 — covered indicated
Features
Detached Garage, Other, RV

Listing Information

MLS®
R3159651
Listed
August 28, 2026
Time on market
On the market for 3 days
Tax assessment year
2025
Data last synced
August 29, 2026

Listing provided by: RE/MAX Westcoast · Data source: CREA DDF.

Description

Perched high above the bay, this exceptional 0.98-acre park-like property offers breathtaking water, park, mountain, and city light views in the highly sought-after Crescent Beach area. Quietly tucked away from traffic, this rare offering presents potential for 2-3 lots, a spectacular 2-storey home with walkout basement and unobstructed views, or excellent holding value with rental potential. The beautifully updated rancher features a bright open-concept layout with 2 bedrooms plus a den, a 1-year-old roof and furnace, a partially unfinished basement, and a detached garage/workshop. Located just a short walk to Crescent Beach, scenic waterfront paths, and local restaurants. Great school catchments: École Crescent Park Elementary and Elgin Park Secondary. Must see! (id:63159)

Values & Trends

This listing

$1,355/sqft

Building average

No other active listings in this building

Surrey average

$691/sqft

1844 active listing(s)

Parking: 10 stall(s) includedStorage locker: Not indicated

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

Clear

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

30

4/9 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
Crescent Park ElementaryElementary1.0 km
Ocean Cliff ElementaryElementary1.7 km
Elgin Park SecondaryElementary2.2 km
Laronde ElementaryElementary2.4 km
Chantrell Creek ElementaryElementary2.5 km
Ray Shepherd ElementaryElementary3.3 km
Semiahmoo Trail ElementaryElementary4.1 km
Bayridge ElementaryElementary4.1 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
Westbound Bayview St @ Beecher St43 m
Eastbound Bayview St @ Beecher St78 m
Eastbound Crescent Rd @ Tulloch Rd140 m
Westbound Crescent Rd @ Beckett Rd189 m
Westbound Sullivan St @ Beecher St328 m

Nearby Places

Restaurants (5+)

  • Fong's Eatery · 12308 Beecher Street403 m
  • The Cabin Restaurant · 12302 Beecher Street410 m
  • Crescent Beach Bistro · 12251 Beecher Street511 m
  • Harbour House Restaurant · 12233 Beecher Street560 m
  • Red Baron Restaurant · 12180 Beecher Street674 m

Cafes (3)

  • The Sunflower Cafe · 12310 Beecher Street395 m
  • Crescent Coffee House · 12219 Beecher Street577 m
  • Dudes Coffee House · 12823 Crescent Road648 m

Parks (4)

  • Blackie Spit Park190 m
  • Heron Park364 m
  • Blackie Spit Park · 3136 McBride Avenue598 m
  • Bayview Park600 m

Banks & ATMs (1)

  • Unnamed592 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($519,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,078,400.00
Periodic payment — Principal & Interest (monthly)$13,409.13
Additional monthly expenses (strata, tax, utilities, etc.)$771.11
Total monthly cost$14,180.24
Interest paid over 5-yr term$595,675.41
Balance at end of term$1,869,527.52

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$519,600
Stress test qualifying rate8.09%
Payment you must qualify for$15,982.17

Cash Needed at Closing

Minimum down payment$519,600
Estimated BC PTT$55,940
Legal / closing costs (typical estimate)$1,500
Total cash needed$577,040

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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