Development opportunity in Crescent Heights. Side-by-side duplex at 2550-2560 124B Street on a lot with potential to subdivide. One side is vacant and uninhabitable; the other is occupied by a temporary tenant. The value here is in the land: build new, hold for the future, or redevelop. Set on a quiet, established family street in one of South Surrey's most sought-after neighbourhoods, within top school catchment and an easy walk to Crescent Beach, the waterfront, the pier, and village shops and cafes. A rare chance to secure a well-located property in a pocket where opportunities like this seldom come up. Buyer to verify subdivision potential, zoning and all measurements with the City of Surrey. Sold as is, where is. Tenanted side requires 24 hours' notice for showings.
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | None |
| Appliances Included | Refrigerator, Stove |
| Heating Type | Natural Gas |
| # of Kitchens | 1 |
| Flooring | Mixed |
| Foundation | Block, Concrete Perimeter |
| Roof | Asphalt |
|---|---|
| Structures | Multi Family |
| Price | $1,590,000 |
|---|---|
| Total Bedrooms | 2 |
| Total Bathrooms | 1 |
| Full Bathrooms | 1 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 550 |
| Year Built | 1953 |
| Age Of Building | 73 |
| Building Type | Duplex |
| Property Type | Residential Income |
| Stories | 1 |
| Ownership Type | Freehold NonStrata |
| Utility Type | Community, Electricity Connected, Natural Gas Connected, Water Connected |
| Utility Sewer | Public Sewer, Sanitary Sewer |
| Water (WaterSource) | Public |
| Parking Type | Carport Single, Front Access, Gravel |
| Total Parking Spaces | 4 |
| Rental Suites | None |
| Lot Size | 12506 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 100 |
| MLS® # | R3167959 |
| Area | South Surrey White Rock |
| Neighbourhood | Crescent Bch Ocean Pk. |
| City | Surrey |
| Postal Code | V4A 3N7 |
| Gross Taxes | $6,790.41 |
| Zoning | R2 |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 10'8 x 10'8 ft |
| Main Level | Kitchen | 10'4 x 10'4 ft |
| Main Level | Primary Bedroom | 9'6 x 9'6 ft |
| Main Level | Bedroom | 8' x 8' ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #3 |
Listed by: The Agency White Rock & The Agency White Rock
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.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
2550 124b Street has a sell-speed score of 42/100, placing it in the "May take longer than the area average to sell" band. The listing is has limited comparable pricing data available. The local market is currently a Buyer's Market with a sales-to-active ratio of 11.8% — buyers have more leverage. With only 280 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.
Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V4A 3N7, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
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.
Annual avg PM2.5 4.5 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: North Delta, Delta (~12.3 km). Annual avg AQHI 2.1 — Low Risk.
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.
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.
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.
6 Schools are within 3km
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Crescent Park Elementary School |
Public |
Grades ServedK-7
|
Catchment InfoIn Catchment
|
Distance744 m
|
|
Ocean Cliff Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.20 KM
|
|
Laronde Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.92 KM
|
|
Elgin Park Secondary School |
Public |
Grades Served8-12
|
Catchment InfoIn Catchment
|
Distance2.05 KM
|
|
Chantrell Creek Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.45 KM
|
|
Ray Shepherd Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.93 KM
|
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