Home Surrey, BC Cedar Hills 12841 98 Avenue

12841 98 Ave, Surrey BC - Single Family Residence for Sale - MLS# R3124493

111 days on the market

$1,189,900

Est. Mortgage $5,264/mo

Listing updated: Jul 30, 2026 at 11:08am

EstateBlock checked: Sep 2, 2026 at 10:45pm

7 Beds

4 Baths

2425 sqft

491 $ /sqft

1956 built

111 days on the market

$1,189,900

Est. $5,264/mo with 20% down

Listing updated: Jul 30, 2026 at 11:08am

EstateBlock checked: Sep 2, 2026 at 10:45pm

Photos

Exterior Front Photo of 12841 98 Avenue, Surrey, BC

Exterior Rear Photo of 12841 98 Avenue, Surrey, BC

Living Room Photo of 12841 98 Avenue, Surrey, BC

Family Room Photo of 12841 98 Avenue, Surrey, BC

Dining Area Photo of 12841 98 Avenue, Surrey, BC

Kitchen Photo of 12841 98 Avenue, Surrey, BC

Kitchen Island Photo of 12841 98 Avenue, Surrey, BC

Pantry Photo of 12841 98 Avenue, Surrey, BC

Breakfast Nook Photo of 12841 98 Avenue, Surrey, BC

Primary Bedroom Photo of 12841 98 Avenue, Surrey, BC

Investors, builders, and first-time home buyers, this is a great opportunity to own an 8,835 sq ft lot in a prime Surrey location with strong development potential for a 4-plex or 6-plex (buyer to verify with the City of Surrey). The existing home is well kept and offers good rental income, with 3 bedrooms and 2 bathrooms upstairs, plus (3+1)-bedroom suites and an extra room downstairs that can be used as an office or additional rental space. The property is in a convenient area close to schools, shopping, and public transportation, making it attractive for tenants. With potential good rental income, this is a solid option for investors looking for both current income and future redevelopment potential. Call today to book a showing.

Interior Features

Basement Finished Area (sqft)	0
Basement Features	Finished
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove
Fireplace	0
Heating Type	Forced Air
# of Kitchens	3
Foundation	Concrete Perimeter

Exterior Features

Roof	Asphalt
Structures	Residential Detached

Building Details

Price	$1,189,900
Total Bedrooms	7
Total Bathrooms	4
Full Bathrooms	4
Half Bathrooms	0
Floor Area Total (sqft)	2425
Year Built	1956
Age Of Building	70
Building Type	Single Family Residence
Property Type	Residential
Architecture Style	Split Entry
Stories	2
Ownership Type	Freehold NonStrata
Utility Type	Electricity Connected, Natural Gas Connected
Utility Sewer	Public Sewer
Water (WaterSource)	Public
Parking Type	Additional Parking, Front Access
Total Parking Spaces	8
Rental Suites	Unauthorized Suite

Lot & Land

Lot Size	8835
Lot Size Depth	Feet
Lot Size Frontage	61
MLS^® #	R3124493
Area	North Surrey
Neighbourhood	Cedar Hills
City	Surrey
Postal Code	V2T 5J9
Gross Taxes	$6,394.22
Zoning	R3

Property Timeline

Status	Date	Price
R3124493 / Active	05-15-2026	$1,189,900
to view full Property History (5 earlier records)

Rooms

Floor	Type	Dimensions
Main Level	Living Room	11'10 x 11'10 ft
Main Level	Kitchen	13'0 x 13'0 ft
Main Level	Dining Room	8'8 x 8'8 ft
Main Level	Primary Bedroom	11'10 x 11'10 ft
Main Level	Bedroom	10'8 x 10'8 ft
Main Level	Bedroom	11'0 x 11'0 ft
Basement Level	Living Room	14'0 x 14'0 ft
Basement Level	Kitchen	8'0 x 8'0 ft
Basement Level	Bedroom	12'0 x 12'0 ft
Basement Level	Living Room	9'4 x 9'4 ft
Basement Level	Kitchen	9'11 x 9'11 ft
Basement Level	Bedroom	14'6 x 14'6 ft
Basement Level	Bedroom	12'10 x 12'10 ft
Basement Level	Bedroom	9'1 x 9'1 ft
Basement Level	Den	9'10 x 9'10 ft

Bathrooms

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

Listed by: Gilco Real Estate Services

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 & Neighbourhood

Public Schools

Secondary
Queen Elizabeth Secondary School: Average 1.63 km 5.4/10

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

Private Schools

Elementary
Our Lady of Good Counsel: Above Average 2.54 km 8.5/10
Secondary
Purpose Independent Secondary School: Average 4 km 4/10

Closest Transit

Bus Stop
Northbound 128 St @ 98 Ave: 0.12 km
Skytrain
Skytrain @ King George Stn: 1.62 km

Crime Rate

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

Demographics

Post-Secondary Education: Below Average 15.7%
No Certificate/Degree: Above Average 24.3%
Owner Occupied: Average 71.6%
Employment Rate: Above Average 74%

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

No data

Overall sell-speed score

Moderate pace expected

—

Price competition grade

No comparable data

—

Market conditions

Market conditions unavailable

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 1.62 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

111 DOM

Listed

Cedar Hills avg

—

Surrey avg

—

12841 98 Avenue has a sell-speed score of 48/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V2T 5J9

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V2T 5J9, 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 (BC ENV 2024). Nearest station: North Delta, Delta (~3.6 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.

Nearby Restaurants, Cafes & Shops

Shopping (10 nearby)

City barber · 377 m · Hairdresser
Chand hair design · 393 m · Hairdresser
128 coin laundry · 393 m · Laundry

Restaurants (7 nearby)

Wow grill & momo · 387 m · Restaurant
Lighthouse indian kitchen · 391 m · Restaurant
Camy's pizza · 393 m · Fast Food

Groceries (4 nearby)

Garcha bros meat shop · 393 m · Butcher
Fruiticana · 402 m · Supermarket
New amsterdam bakery · 497 m · Bakery

Healthcare (2 nearby)

Family care pharmacy · 396 m · Healthcare
Shoppers drug mart · 525 m · Healthcare

Transit (1 nearby)

Bus stop southbound 128 st @ 103 ave · 950 m · Transit

Schools NearBy

29 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Prince Charles Elementary School	Public	Grades Served K-7	Catchment Info —	4.5 / 10	Distance 896 m
Cedar Hills Elementary School	Public	Grades Served K-7	Catchment Info —	4.3 / 10	Distance 953 m
Old Yale Road Elementary School	Public	Grades Served K-7	Catchment Info —	4.2 / 10	Distance 969 m
Betty Huff Elementary School	Public	Grades Served K-7	Catchment Info —	3.4 / 10	Distance 996 m
Senator Reid Elementary School	Public	Grades Served K-7	Catchment Info —	4.5 / 10	Distance 1.10 KM
David Brankin Elementary School	Public	Grades Served K-7	Catchment Info —	4.4 / 10	Distance 1.31 KM
L A Matheson Secondary School	Public	Grades Served 8-12	Catchment Info —	5.0 / 10	Distance 1.37 KM
Kwantlen Park Secondary School	Public	Grades Served 8-12	Catchment Info —	5.7 / 10	Distance 1.43 KM
Continuing Ed SD36 (Queen Elizabeth)	Public	Grades Served —	Catchment Info —	3.1 / 10	Distance 1.62 KM
Queen Elizabeth Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	5.4 / 10	Distance 1.63 KM
K B Woodward Elementary School	Public	Grades Served K-7	Catchment Info —	3.7 / 10	Distance 1.67 KM
Kirkbride Elementary School	Public	Grades Served K-7	Catchment Info —	2.9 / 10	Distance 1.84 KM
Cindrich Elementary School	Public	Grades Served K-7	Catchment Info —	4.2 / 10	Distance 1.95 KM
Continuing Ed SD36 (Invergarry)	Public	Grades Served —	Catchment Info —	0	Distance 2.11 KM
City Central Learning Centre	Public	Grades Served 10-12	Catchment Info —	3.0 / 10	Distance 2.23 KM
Royal Heights Elementary School	Public	Grades Served K-7	Catchment Info —	3.5 / 10	Distance 2.39 KM
Creekside Elementary School	Public	Grades Served K-7	Catchment Info —	4.2 / 10	Distance 2.52 KM
Our Lady of Good Counsel	Independent	Grades Served K-7	Catchment Info —	8.5 / 10	Distance 2.54 KM
Simon Cunningham Elementary School	Public	Grades Served K-7	Catchment Info —	4.1 / 10	Distance 2.56 KM
North Surrey Learning Centre	Public	Grades Served 10-12	Catchment Info —	3.2 / 10	Distance 2.59 KM
Bridgeview Elementary School	Public	Grades Served K-7	Catchment Info —	4.3 / 10	Distance 2.60 KM
Sikh Academy	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.61 KM
Immaculate Conception School	Independent	Grades Served K-7	Catchment Info —	7.8 / 10	Distance 2.62 KM
Immaculate Conception	Independent	Grades Served —	Catchment Info —	7.3 / 10	Distance 2.67 KM
Education Services (Alternate)	Public	Grades Served —	Catchment Info —	3.8 / 10	Distance 2.72 KM
SD 36 Alternate North Surrey LC	Public	Grades Served —	Catchment Info —	6.3 / 10	Distance 2.74 KM
Delview Secondary School	Public	Grades Served 8-12	Catchment Info —	6.1 / 10	Distance 2.81 KM
Forsyth Road Elementary School	Public	Grades Served K-7	Catchment Info —	3.3 / 10	Distance 2.83 KM
Lena Shaw Elementary School	Public	Grades Served K-7	Catchment Info —	4.0 / 10	Distance 2.88 KM

Pre-computed routes from 12841 98 Ave, Surrey, BC

12841 98 Ave, Surrey, BC King George 1.6 km

62 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via King George → Waterfront
62 min
Metrotown, Burnaby via King George → Metrotown
44 min
SFU Burnaby via King George → Production Way
42 min
Richmond Centre via King George → Brighouse
87 min
YVR Airport via King George → YVR-Airport
88 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
25 min
Metrotown, Burnaby via Lougheed Hwy
13 min
SFU Burnaby via Gaglardi Way
11 min
Richmond Centre via No. 3 Rd
24 min
YVR Airport via Bridgeport / Sea Island
27 min

Calculate your commute

12841 98 Ave, Surrey, BC is ideally located for commuters. The property is 1.6 km from King George, with a 62 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Northbound 128 St @ 98 Ave (0.12 km). Walk Score Transit rating: Good Transit (53/100).

Walkability & Transit Near 12841 98 Avenue

Car-Dependent 72

Walk Score - Very Walkable

Most errands can be accomplished on foot

Some Transit 53

Transit Score - Good Transit

Many nearby public transportation options

Somewhat
Bikeable 64

Bike Score - Bikeable

Some bike infrastructure

BC Assessment Value — 12841 98 Avenue

2026 assessed value, sourced from City of Surrey open data (PID 010-153-870).

Total Assessed Value (2026)

$1,336,000

2026 Value Trend

Land

$1,307,000

Buildings

$29,000

Year Built

N/A

Class

N/A

Zoning

Property Tax

N/A

Year	Land	Improvements	Total Assessed	YOY Change
2026	$1,307,000	$29,000	$1,336,000	—

Mortgage Calculator for 12841 98 Avenue

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $533

Maintenance fee 0

With a 20% down payment, buyers can expect an estimated $5,078/month in total housing costs on this $1,189,900 property — $4,545 mortgage payment, $533 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.

Listing data last synced: Jul 30, 2026

Investment Cashflow Calculator

Property Tax (Monthly)

Basic Insurance Cost

Rental Income

Vacancy Rate

Down Payment

Down Payment (percent)

/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

Estimated rental income of $5,772/month exceeds carrying costs by $542/month, making this an income-positive property at 20% down.

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

Estateblock Rent Estimate for 12841 98 Avenue, Surrey

Buy Vs Rent Calculator

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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.