Property Type: Detached HouseOwnership: Freehold

12711 112A AVENUE

Surrey, BC V3V3L4

$815,000

2 bed1 bath7 parking1,045 sqftBuilt 1949
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Property Details

Property & Lot

Sub-type
House
Lot size
4,996 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,689.41 (2025)

Interior

Basement
Finished, Crawl space
Heating
Forced air, Natural gas
Fireplace
None

Parking

Total spaces
7 — covered indicated
Features
Garage

Listing Information

MLS®
R3135165
Listed
June 11, 2026
Time on market
On the market for 81 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Oneflatfee.ca · Data source: CREA DDF.

Description

New development opportunity for investors or a rare opportunity for first-time buyers. This property sits on a highly sought-after location in the neighborhood, with 5 minute walk to Scott Road SkyTrain Station that links the Surrey Central City shopping. Quick access to new major bridges and commuter routes into the city. The existing bungalow may require substantial repairs; therefore, the sale price reflects land values. This 5,000 sq ft lot offers unbeatable land value in Surrey. The current house could be renovated by a handy man, or removed for construction of a new dream home. (id:63159)

Values & Trends

This listing

$780/sqft

Building average

No other active listings in this building

Surrey average

$691/sqft

1844 active listing(s)

Parking: 7 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
Bridgeview ElementaryElementary644 m
Khalsa School Old Yale Road(Independent)Elementary1.3 km
Khalsa Secondary School (Surrey)(Independent)Secondary1.5 km
K B Woodward ElementaryElementary1.6 km
Kwantlen Park SecondaryElementary1.9 km
James Ardiel ElementaryElementary2.2 km
Surrey TraditionalElementary2.4 km
Old Yale Road ElementaryElementary2.4 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
Eastbound King George Blvd @ Scott Rd Onramp95 m
Westbound 114 Ave @ 126A St334 m
Eastbound 114 Ave @ 126A St338 m
Westbound King George Blvd @ 128 St353 m
Eastbound King George Blvd @ 128 St363 m

Nearby Places

Cafes (2)

  • Chai Coffee Company · 11088 126A Street315 m
  • Anytime Coffee449 m

Parks (2)

  • Unnamed428 m
  • Bridgeview Park450 m

Pharmacies (1)

  • Metrolife Pharmacy448 m

Banks & ATMs (1)

  • DC Bank Atm424 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 6.9% ($56,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$652,000.00
Periodic payment — Principal & Interest (monthly)$4,206.48
Additional monthly expenses (strata, tax, utilities, etc.)$359.45
Total monthly cost$4,565.93
Interest paid over 5-yr term$186,865.07
Balance at end of term$586,476.11

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$56,500
Stress test qualifying rate8.09%
Payment you must qualify for$5,832.60

Cash Needed at Closing

Minimum down payment$56,500
Estimated BC PTT$14,300
Legal / closing costs (typical estimate)$1,500
Total cash needed$72,300

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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