Property Type: Detached HouseOwnership: Freehold

12587 113 AVENUE

Surrey, BC V3V3M1

$960,000

2 bed1 bath8 parking980 sqftBuilt 1956
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Property Details

Property & Lot

Sub-type
House
Lot size
8,009 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,215.35 (2025)

Interior

Basement
Finished, Crawl space
Heating
Forced air, Natural gas
Fireplace
Yes (1)

Parking

Total spaces
8 — covered indicated
Features
Garage, Carport

Listing Information

MLS®
R3143333
Listed
July 7, 2026
Time on market
On the market for 55 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: LPT Realty ULC · Data source: CREA DDF.

Description

Welcome to this well-maintained rancher on an exceptional 8,009 sq. ft. flat, fully fenced lot in the rapidly evolving Bridgeview neighbourhood. Ideal for builders, investors, renovators or those looking to hold, rent or build a custom home. The home was completely rebuilt to the studs in 2009 with new insulation, drywall and double-pane windows. Updates include a new furnace (2025, extended warranty) and hot water tank (2024). Enjoy fruit trees (apple, pear & cherry), a 6'x6' greenhouse and nearby Bridgeview Park with baseball, cricket, tennis/pickleball, basketball, splash park & playground. Minutes to schools, daycare, North Surrey Sport & Ice Complex, Scott Road SkyTrain, shopping and major routes. (id:63159)

Values & Trends

This listing

$980/sqft

Building average

No other active listings in this building

Surrey average

$691/sqft

1844 active listing(s)

Parking: 8 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

26

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
Bridgeview ElementaryElementary693 m
Khalsa School Old Yale Road(Independent)Elementary1.4 km
Khalsa Secondary School (Surrey)(Independent)Secondary1.6 km
K B Woodward ElementaryElementary1.8 km
Kwantlen Park SecondaryElementary2.1 km
Ecole Qayqayt ElementaryElementary2.3 km
James Ardiel ElementaryElementary2.4 km
Purpose Independent Secondary School(Independent)Secondary2.4 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 114 Ave @ 126A St259 m
Eastbound King George Blvd @ Scott Rd Onramp318 m
Westbound 114 Ave @ 124 St353 m
Eastbound 114 Ave @ 124 St372 m
Eastbound 114 Ave @ 126A St376 m

Nearby Places

Cafes (2)

  • Chai Coffee Company · 11088 126A Street441 m
  • Anytime Coffee444 m

Parks (2)

  • Unnamed204 m
  • Bridgeview Park307 m

Pharmacies (1)

  • Metrolife Pharmacy575 m

Banks & ATMs (1)

  • DC Bank Atm424 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 7.4% ($71,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$768,000.00
Periodic payment — Principal & Interest (monthly)$4,954.88
Additional monthly expenses (strata, tax, utilities, etc.)$400.28
Total monthly cost$5,355.15
Interest paid over 5-yr term$220,111.01
Balance at end of term$690,818.48

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$71,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,836.10

Cash Needed at Closing

Minimum down payment$71,000
Estimated BC PTT$17,200
Legal / closing costs (typical estimate)$1,500
Total cash needed$89,700

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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