Property Type: Land / LotOwnership: Freehold

12567 24 AVENUE

Surrey, BC V4A2E5

$1,299,999

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Property Details

Property & Lot

Lot size
6,354 square feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$0 (2025)

Interior

Fireplace
None

Listing Information

MLS®
R3111055
Listed
April 14, 2026
Time on market
On the market for 139 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Team 3000 Realty Ltd. · Data source: CREA DDF.

Description

Prime location to build your dream home. Walking distance to Crescent Park Elementary School and Elgin Park Secondary. Potential to build 3 level 4800+sq.ft. custom home. BUYER TO DO THEIR DUE DILIGENCE WITH THE CITY. Lot is Ready to be built. PRICE INCLUDES GST. (id:63159)

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

4

1/9 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 ElementaryElementary523 m
Ocean Cliff ElementaryElementary820 m
Laronde ElementaryElementary1.6 km
Elgin Park SecondaryElementary1.9 km
Chantrell Creek ElementaryElementary2.3 km
Ray Shepherd ElementaryElementary2.6 km
Bayridge ElementaryElementary3.6 km
Semiahmoo Trail ElementaryElementary4.2 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 24 Ave @ 124B St150 m
Westbound 25 Ave @ 126 St265 m
Eastbound 25 Ave @ 126 St277 m
Northbound 124 St @ 24 Ave308 m
Southbound 124 St @ 24 Ave320 m

Nearby Places

Parks (4)

  • Ocean Park Terrace589 m
  • 121X - Greenbelt688 m
  • Ocean Park Terrace708 m
  • Bayview Park752 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 8.1% ($105,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,039,999.00
Periodic payment — Principal & Interest (monthly)$6,709.72
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$6,709.72
Interest paid over 5-yr term$298,066.70
Balance at end of term$935,482.46

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$105,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,189.12

Cash Needed at Closing

Minimum down payment$105,000
Estimated BC PTT$24,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$130,500

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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