Property Type: Detached HouseOwnership: Freehold

7845 122A STREET

Surrey, BC V3W3T4

$1,199,900

5 bed3 bath4 parking2,369 sqftBuilt 1958
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Property Details

Property & Lot

Sub-type
House
Lot size
7,275 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,230.31 (2025)

Interior

Basement
Finished, Full, Separate entrance
Heating
Forced air
Fireplace
None

Parking

Total spaces
4 — uncovered indicated
Features
Open

Listing Information

MLS®
R3126514
Listed
May 22, 2026
Time on market
On the market for 101 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Homelife Benchmark Realty Corp. · Data source: CREA DDF.

Description

Prime opportunity in a sought after location close to schools, parks, shopping and everyday amenitites. Situated on a generous lot with convenient Back Lane Access, this older home offers endless potential for first time home buyers, investors and families looking to build their Dream Home. A rare chance to create something special in a desirable neighbourhood. (id:63159)

Values & Trends

This listing

$507/sqft

Building average

No other active listings in this building

Surrey average

$691/sqft

1844 active listing(s)

Parking: 4 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

Partly Cloudy

12°C

Partly Cloudy

Humidity 95%

Wind N 3 km/h

Today

21°

Tonight

16°

Wednesday

19°

Wednesday night

14°

Thursday

18°

Thursday night

13°

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

37

8/9 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
Westerman ElementaryElementary451 m
Strawberry Hill ElementaryElementary524 m
Jarvis Traditional ElementaryElementary826 m
Kennedy Trail ElementaryElementary925 m
Dr F D Sinclair ElementaryElementary1.4 km
McCloskey ElementaryElementary1.5 km
Cougar Creek ElementaryElementary1.6 km
North Delta SecondarySecondary1.8 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 @ 78 Ave324 m
Southbound 124 St @ 78 Ave341 m
Southbound 124 St @ 80 Ave401 m
Northbound 124 St @ 80 Ave464 m
Northbound Scott Rd @ 7800 Block507 m

Nearby Places

Restaurants (2)

  • The Keg · 7948 Scott Road512 m
  • Cactus Club Cafe · 7907 Scott Road580 m

Cafes (3)

  • Dippy Desserts686 m
  • Tim Hortons · 8080 Scott Road703 m
  • Kumare741 m

Grocery (2)

  • Fruiticana · 12047 80 Avenue536 m
  • Big Bazaar · 8112 120 Street-Scott Road699 m

Parks (5+)

  • Strawberry Hill Park364 m
  • Peter Pan Park444 m
  • East View Trail Park630 m
  • RA Nicholson Park · 12140 75A Avenue778 m
  • Kennedy Trail Park796 m

Shopping (1)

  • Canadian Tire428 m

Gyms (1)

  • Fit4Less · 310-8080 Scott Road642 m

Pharmacies (2)

  • Mark's Pharmacy658 m
  • Medisave Pharmacy · 8181 120A Street783 m

Banks & ATMs (4)

  • RBC541 m
  • TD739 m
  • Bitcoin ATM Coinsite · 8047 120 Street757 m
  • Canadian Western Bank · 1-7548 Scott Road795 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 7.9% ($94,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$959,920.00
Periodic payment — Principal & Interest (monthly)$6,193.08
Additional monthly expenses (strata, tax, utilities, etc.)$720.53
Total monthly cost$6,913.60
Interest paid over 5-yr term$275,115.83
Balance at end of term$863,451.14

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$94,990
Stress test qualifying rate8.09%
Payment you must qualify for$8,496.37

Cash Needed at Closing

Minimum down payment$94,990
Estimated BC PTT$21,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$118,488

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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