Home Surrey, BC Cedar Hills 12248 97 Avenue

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Investor Alert! 21,000 Sq ft ft Cedar Hill Surrey lot offering strong redevelopment potential, possible subdivision for four duplexes, ideal for builders seeking future growth, rent income, and capital appreciation opportunity.

Building 18 fields Inside & out 8 fields Lot & land 10 fields

Building Details

Price	$2,998,000
Total Bedrooms	4
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	1736
Year Built	1948
Age Of Building	78
Building Type	Single Family Residence
Property Type	Residential
Stories	2
Ownership Type	Freehold NonStrata
Utility Type	Community
Utility Sewer	Public Sewer
Water (WaterSource)	Public
Parking Type	Detached
Total Parking Spaces	0
Rental Suites	Unauthorized Suite

Interior Features

Basement Finished Area (sqft)	0
Basement Features	Partially Finished
Heating Type	Forced Air, Natural Gas
# of Kitchens	2
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Balcony
Roof	Asphalt
Structures	Residential Detached

Lot & Land

Lot Size	21145
Lot Size Depth	Feet
Lot Size Frontage	78
MLS^® #	R3110547
Area	North Surrey
Neighbourhood	Cedar Hills
City	Surrey
Postal Code	V3V 2C9
Gross Taxes	$14,079.29
Zoning	R4

Property Timeline

Status	Date	Price
R3110547 / Active	04-13-2026	$2,998,000
to view full Property History (2 earlier records)

Rooms

Floor	Type	Dimensions
Main Level	Living Room	23'2 x 23'2 ft
Main Level	Kitchen	11'6 x 11'6 ft
Main Level	Recreation Room	11'6 x 11'6 ft
Main Level	Bedroom	13'1 x 13'1 ft
Main Level	Patio	22'0 x 22'0 ft
Main Level	Bedroom	15'6 x 15'6 ft
Below	Living Room	15'0 x 15'0 ft
Below	Bedroom	13'0 x 13'0 ft
Below	Bedroom	15'0 x 15'0 ft
Below	Kitchen	10'0 x 10'0 ft
Below	Recreation Room	18'6 x 18'6 ft
Below	Storage	18'6 x 18'6 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#3
Below	No	#3

Listed by: Sutton Group-West Coast Realty

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS^® which assumes no responsibility for its accuracy.

Map, sell speed & climate

SkyTrain 2.86 km · L A Matheson Secondary School 5/10 · 0.32 km · crime average · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Restaurants (12 nearby)

Pizza plus · 357 m · Fast Food
Super pho · 438 m · Restaurant
Subway · 450 m · Fast Food

Shopping (7 nearby)

Pharmasave · 416 m · Pharmacy
Scott town plaza · 417 m · Post Office
Shell · 444 m · Car Wash

Groceries (4 nearby)

Tayebah halal meat & groceries · 380 m · Supermarket
James bakery · 430 m · Bakery
Liquor depot · 550 m · Beverages

Healthcare (1 nearby)

Pharmasave · 416 m · Healthcare

Transit (1 nearby)

Bus stop westbound 92 ave @ scott rd · 989 m · Transit

Public Schools

Elementary
Cedar Hills Elementary School: Average 0.35 km 4.3/10
Secondary
L A Matheson Secondary School: Average 0.32 km 5/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Immaculate Conception School: Above Average 1.68 km 7.8/10
Secondary
Purpose Independent Secondary School: Average 3.29 km 4/10

Closest Transit

Bus Stop
Eastbound 96 Ave @ 122 St: 0.17 km
Skytrain
Skytrain @ Surrey Central Stn: 2.86 km

Crime Rate

Total Crime Rate: Average
Violent Crime Rate: Below Average
Property Crime Rate: Average

Demographics

Post-Secondary Education: Below Average 16.2%
No Certificate/Degree: Above Average 24%
Owner Occupied: Average 73.3%
Employment Rate: Above Average 72.7%

Noise/ Power Lines

Road/Hwy Noise: Unlikely
Railway/Sky train Noise: Unlikely
Airport/Port Noise: Unlikely
Close to major Power Lines: Unlikely

Other

Agricultural Land Reserve (ALR): Unlikely
Flood Area: Unlikely
Close to Cemeteries: Unlikely

Sell Speed & Competition

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 2.86 km from station

Road / Highway noise

Unlikely

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How CEDAR HILLS compares

This property

214 DOM

Listed

Climate Risk for V3V 2C9

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3V 2C9, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality A / Excellent

Annual avg PM2.5 4.5 µg/m³ — meets WHO 2021 guideline. Nearest station: North Delta, Delta (~2.6 km). Annual avg AQHI 2.1 — Low Risk.

Heat Moderate

Surrey currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~8 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30 °C baseline, ~32.5 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.

Precipitation Increasing

Annual precipitation ~1516 mm (1981–2010 baseline), projected ~1574 mm by the 2050s. Extreme 1-day rainfall: ~51.5 mm baseline, ~57.1 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~23 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Schools NearBy

24 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
L A Matheson Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	5.0 / 10	Distance 321 m
Cedar Hills Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	4.3 / 10	Distance 353 m
Prince Charles Elementary School	Public	Grades Served K-7	Catchment Info —	4.5 / 10	Distance 807 m
Senator Reid Elementary School	Public	Grades Served K-7	Catchment Info —	4.5 / 10	Distance 931 m
Kirkbride Elementary School	Public	Grades Served K-7	Catchment Info —	2.9 / 10	Distance 945 m
Royal Heights Elementary School	Public	Grades Served K-7	Catchment Info —	3.5 / 10	Distance 1.15 KM
Bridgeview Elementary School	Public	Grades Served K-7	Catchment Info —	4.3 / 10	Distance 1.38 KM
David Brankin Elementary School	Public	Grades Served K-7	Catchment Info —	4.4 / 10	Distance 1.59 KM
Delview Secondary School	Public	Grades Served 8-12	Catchment Info —	6.1 / 10	Distance 1.65 KM
Immaculate Conception School	Independent	Grades Served K-7	Catchment Info —	7.8 / 10	Distance 1.68 KM
Immaculate Conception	Independent	Grades Served —	Catchment Info —	7.3 / 10	Distance 1.73 KM
Betty Huff Elementary School	Public	Grades Served K-7	Catchment Info —	3.4 / 10	Distance 1.79 KM
Gibson Elementary School	Public	Grades Served K-7	Catchment Info —	4.3 / 10	Distance 1.95 KM
Continuing Ed SD36 (Invergarry)	Public	Grades Served —	Catchment Info —	N/A	Distance 2.13 KM
Old Yale Road Elementary School	Public	Grades Served K-7	Catchment Info —	4.2 / 10	Distance 2.16 KM
Hellings Elementary School	Public	Grades Served K-7	Catchment Info —	5.2 / 10	Distance 2.33 KM
Kwantlen Park Secondary School	Public	Grades Served 8-12	Catchment Info —	5.7 / 10	Distance 2.43 KM
K B Woodward Elementary School	Public	Grades Served K-7	Catchment Info —	3.7 / 10	Distance 2.58 KM
Continuing Ed SD36 (Queen Elizabeth)	Public	Grades Served —	Catchment Info —	3.1 / 10	Distance 2.69 KM
Queen Elizabeth Secondary School	Public	Grades Served 8-12	Catchment Info —	5.4 / 10	Distance 2.69 KM
Sikh Academy	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.71 KM
Devon Gardens Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 2.71 KM
Kennedy Trail Elementary School	Public	Grades Served K-7	Catchment Info —	4.1 / 10	Distance 2.73 KM
Cindrich Elementary School	Public	Grades Served K-7	Catchment Info —	4.2 / 10	Distance 2.74 KM

Pre-computed routes from 12248 97 Ave, Surrey, BC

12248 97 Ave, Surrey, BC Surrey Central 2.9 km

75 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Surrey Central → Waterfront
75 min
Metrotown, Burnaby via Surrey Central → Metrotown
57 min
SFU Burnaby via Surrey Central → Production Way
55 min
Richmond Centre via Surrey Central → Brighouse
100 min
YVR Airport via Surrey Central → YVR-Airport
101 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
24 min
Metrotown, Burnaby via Lougheed Hwy
12 min
SFU Burnaby via Gaglardi Way
10 min
Richmond Centre via No. 3 Rd
22 min
YVR Airport via Bridgeport / Sea Island
26 min

Calculate your commute

12248 97 Ave, Surrey, BC is ideally located for commuters. The property is 2.9 km from Surrey Central, with a 75 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Eastbound 96 Ave @ 122 St (0.17 km). Walk Score Transit rating: Good Transit (53/100).

Walkability & Transit Near 12248 97 Avenue

Very Walkable 71

Walk Score - Very Walkable

Most errands can be accomplished on foot

Good Transit 53

Transit Score - Good Transit

Many nearby public transportation options

Bikeable 52

Bike Score - Bikeable

Some bike infrastructure

BC Assessment Value — 12248 97 Avenue

2026 assessed value, sourced from City of Surrey open data (PID 009-797-831).

Total Assessed Value (2026)

$3,315,000

2026 Value Trend

Land

$3,305,000

Buildings

$10,000

Year Built

N/A

Class

N/A

Zoning

Property Tax

N/A

Year	Land	Improvements	Total Assessed	YOY Change
2026	$3,305,000	$10,000	$3,315,000	—

Costs & calculators

Monthly cost about $13,254/month · rent estimate $8,611/month · owning catches up with renting by year 17 · cash flow if rented −$5,323/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 12248 97 Avenue

$13,254 /month

Principal & Interest $12,081

Property Taxes $1,173

Maintenance fee $0

The estimated monthly cost of 12248 97 Avenue, Surrey is $13,254: $12,081 principal and interest with 20% down over 30 years at 4.45%, plus $1,173 property tax.

or Call 778-918-5990

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Investment Cashflow Calculator

−$5,323 /month

Mortgage Payment $12,081

Monthly Cash Flow −$5,323

Break Even Down Payment 56%

Cap Rate -2.1%

Cash on Cash -10.7%

If 12248 97 Avenue, Surrey were rented at $8,611 a month with 5% vacancy, it would fall $5,323 a month short of the mortgage and carrying costs; about 56% down would break even.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 12248 97 Avenue, Surrey

$8,611 / month

Rent $8,611

Own $13,254

Principal: $3,885/mo Interest, tax, insurance, fees: $9,369/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$3,253/mo (year 1) → ~$7,565/mo (year 20) → ~$11,283/mo (year 29).

Net cost to own at year 5 ~$9,369/mo About $758/mo more than renting

EstateBlock estimates 12248 97 Avenue, Surrey would rent for about $8,611 a month.

Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Rent vs own: 12248 97 Avenue

Rent vs own

Owning catches up by year 17

With 20% down ($599,600) at 4.45%: renting is cheaper at first, but principal paydown closes the gap

Principal paid off by year 5 $213,729

Principal paid off by year 10 $480,609

Assumes 20% down payment, 4.45% fixed rate, 30-year amortization. Rent line = full rent (money gone). Own line = interest + property tax + fees, excluding principal (money you keep as equity). No appreciation, investment returns or transaction costs included.

Renting 12248 97 Avenue, Surrey is cheaper at first, but owning catches up by year 17, with $213,729 of principal paid off by year 5 and $480,609 by year 10.