Property Type: Land / LotOwnership: Freehold

2499 124B STREET

Surrey, BC V4A3N5

$1,379,000

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Property Details

Property & Lot

Lot size
6,082 square feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$4,485.18 (2025)

Interior

Fireplace
None

Listing Information

MLS®
R3077613
Listed
January 9, 2026
Time on market
On the market for 234 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX Colonial Pacific Realty · Data source: CREA DDF.

Description

Prime opportunity to build a DREAM HOME in prestigious Crescent Heights. This is a newly created 4 lot subdivision with the potential to create a 3 level 4,800+ square foot custom home. This property is walking distance to Ocean Park Village, the beach, Crescent Park Elementary and Elgin Park Secondary. Look no further, start designing your dream home today. (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

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 ElementaryElementary699 m
Ocean Cliff ElementaryElementary1.1 km
Laronde ElementaryElementary1.9 km
Elgin Park SecondaryElementary2.1 km
Chantrell Creek ElementaryElementary2.5 km
Ray Shepherd ElementaryElementary2.9 km
Bayridge ElementaryElementary3.9 km
Semiahmoo Trail ElementaryElementary4.3 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 Dr149 m
Southbound 124 St @ Seacrest Dr174 m
Westbound 25 Ave @ 126 St183 m
Westbound 24 Ave @ 124B St251 m
Eastbound 25 Ave @ 126 St281 m

Nearby Places

Restaurants (5+)

  • Fong's Eatery · 12308 Beecher Street614 m
  • The Cabin Restaurant · 12302 Beecher Street624 m
  • Crescent Beach Bistro · 12251 Beecher Street682 m
  • Harbour House Restaurant · 12233 Beecher Street702 m
  • Red Baron Restaurant · 12180 Beecher Street734 m

Cafes (2)

  • The Sunflower Cafe · 12310 Beecher Street620 m
  • Crescent Coffee House · 12219 Beecher Street708 m

Parks (3)

  • Bayview Park457 m
  • Heron Park582 m
  • Blackie Spit Park797 m

Banks & ATMs (1)

  • Unnamed716 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 8.2% ($112,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,103,200.00
Periodic payment — Principal & Interest (monthly)$7,117.47
Additional monthly expenses (strata, tax, utilities, etc.)$373.77
Total monthly cost$7,491.24
Interest paid over 5-yr term$316,180.29
Balance at end of term$992,331.97

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$112,900
Stress test qualifying rate8.09%
Payment you must qualify for$9,735.87

Cash Needed at Closing

Minimum down payment$112,900
Estimated BC PTT$25,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$139,980

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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