Property Type: Detached HouseOwnership: Freehold

2496 124 STREET

Surrey, BC V4A3N2

$1,475,000

4 bed2 bath4 parking2,280 sqftBuilt 1973
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Amenities

Also listed: Storage - Locker, Laundry - In Suite

Property Details

Property & Lot

Sub-type
House
Lot size
7,117 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,681.54 (2025)

Interior

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

Parking

Total spaces
4 — covered indicated
Features
Carport, Other

Listing Information

MLS®
R3137486
Listed
June 18, 2026
Time on market
On the market for 74 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: One Percent Realty Ltd. · Data source: CREA DDF.

Description

EXCELLENT POTENTIAL! OUR HOME OFFERS A GREAT OPPORTUNITY TO INVEST OR REBUILD IN ONE OF SOUT SURREY'S MOST SOUGHT-AFTER AREAS. This home is currently operating as a daycare, so the Tenant would be happy to stay! Our home is just short of 10-20 minute walk to the beach, rec centre, and trails. Great sized lot 7117 SF in Crescent Beach/ Ocean Park area. (id:63159)

Values & Trends

This listing

$647/sqft

Building average

No other active listings in this building

Surrey average

$691/sqft

1844 active listing(s)

Parking: 4 stall(s) includedStorage locker: Included

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

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

19

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 ElementaryElementary816 m
Ocean Cliff ElementaryElementary1.1 km
Laronde ElementaryElementary1.9 km
Elgin Park SecondaryElementary2.2 km
Chantrell Creek ElementaryElementary2.6 km
Ray Shepherd ElementaryElementary3.0 km
Bayridge ElementaryElementary4.0 km
Semiahmoo Trail ElementaryElementary4.4 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
Northbound 124 St @ Seacrest Dr53 m
Southbound 124 St @ Seacrest Dr83 m
Southbound 124 St @ 24 Ave271 m
Westbound 24 Ave @ 124B St276 m
Northbound 124 St @ 24 Ave277 m

Nearby Places

Restaurants (5+)

  • Fong's Eatery · 12308 Beecher Street575 m
  • The Cabin Restaurant · 12302 Beecher Street583 m
  • Crescent Beach Bistro · 12251 Beecher Street625 m
  • Harbour House Restaurant · 12233 Beecher Street637 m
  • Red Baron Restaurant · 12180 Beecher Street652 m

Cafes (2)

  • The Sunflower Cafe · 12310 Beecher Street583 m
  • Crescent Coffee House · 12219 Beecher Street640 m

Parks (2)

  • Bayview Park373 m
  • Heron Park550 m

Banks & ATMs (1)

  • Unnamed647 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 8.3% ($122,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,180,000.00
Periodic payment — Principal & Interest (monthly)$7,612.96
Additional monthly expenses (strata, tax, utilities, etc.)$587.46
Total monthly cost$8,200.42
Interest paid over 5-yr term$338,191.39
Balance at end of term$1,061,413.82

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$122,500
Stress test qualifying rate8.09%
Payment you must qualify for$10,400.25

Cash Needed at Closing

Minimum down payment$122,500
Estimated BC PTT$27,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$151,500

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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