10492 City Parkway, Surrey, BC, MLS® R2925540

$3,000,000
Est. Mortgage /mo

Closed

$2,950,000
Closed at 17 Jan 2025
Listing price: $3,000,000
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
1 Beds
0 Baths
2 Stories
lot 7458 sqft
6431 sqft
1972 built
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Schools
Crime
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10492 City Parkway, Surrey, BC | MLS® R2925540 Property Details

INVESTOR ALERT! Don't miss out on this exceptional opportunity to own a PRIME income-producing property in the path of redevelopment. Located in the heart of Central Surrey between the new Concord Pacific "Piano" (50+ storey 1,000+ units, FAR 7.5) and the new BOSA "Parkway" (50+ storey 2,000+ units, FAR 7.5), this 7,482 sq.ft corner property could be part of the next 50+ storey development in the area. The building is in well-maintained condition and features 6 renovated apartment units on the second floor (3x bachelor, 3x 1-bedroom) and an approved church tenant on the main floor (reduced property taxes). Onsite parking for 12 cars. First time on the market in 22 years, call today for more information. Do not approach tenants. For development potential refer to Surrey City Centre plan

General Info

Price $3,000,000
Total Bedrooms 1
Total Bathrooms 0
Half Bathrooms 0
Floor Area Total (sqft) 6431
Lot Size 7458
Lot Size Depth Feet
Lot Size Frontage 59.89
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1972
Age Of Building 53
Building Type Other
Property Type Residential Income
Stories 2
Building Features BuildingFeatures
Structures Multi Family

Additional Details

MLS # R2925540
Area North Surrey
Neighbourhood Whalley
City Surrey
Gross Taxes $4,744.85
Ownership Type Freehold NonStrata
Maintenance Fee -
Fixtures Included -

Heating & Cooling

Fireplace -
Heating Type Forced Air

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Open, Guest
Total Parking Spaces 12

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Strata Restrictions -
Rental Restrictions -
Zoning C-15
Rental Suites -
# of Kitchens 0
Foundation Slab
Locker -
View -
View Description -
Units In Development -
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Torch-On

Property History

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Status Date Price
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Listed by: eXp Realty of Canada, Inc.

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.

Neighborhood Info

Public Schools

Elementary
K B Woodward Elementary School
Average
0.82 km
Rating 5.5/10
Secondary
Kwantlen Park Secondary School
0.73 km
No Rating

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
0.8 km
Rating 9.7/10
Elementary, Secondary
Khalsa School (Surrey)
2.26 km
No Rating

Closest Transit

Translink
Southbound King George Blvd @ 105A Ave
0.2 km

10492 City Parkway is serviced by K B Woodward Elementary School. The property with listing MLS® R2925540 is located 0.82 km from the school. K B Woodward Elementary School has a rating of Rating 5.5/10.

This home with address 10492 City Parkway, Surrey, BC is also serviced by Kwantlen Park Secondary School and located 0.73 km from it. Kwantlen Park Secondary School has a rating of No Rating.

The closest Elementary independent school to this home for sale located at 10492 City Parkway is Our Lady of Good Counsel with School's rating Rating 9.7/10, located 0.8 km from this home.

The closest to this address 10492 City Parkway Secondary independent school is Khalsa School (Surrey) with School's rating No Rating, located 2.26 km from this home

The freshest crime data from Statistics Canada are from 2020. There were 44,976 volation disturbances in this neighbourhood. The overall crime rate near the address - 10492 City Parkway, Surrey, BC is 7,512.73. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has Average rate in 2020. Year by year change in the total crime rate is -12.05%

Drug crime rate next to the listing MLS® R2925540 is Above Average comparing to other neighbourhoods. The illegal substances offences rating is 390.7. There were 2,339 illegal substances lawbreaking disturbances in this city in 2020 . Year by year change in the illegal substances offences ranking is 16.32%

Property crimes in the neighbourhood close to real estate listing for sale 10492 City Parkway are Average. Property misconduct rating adjacent to MLS® R2925540 is 3,746.17. There were 22,427 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -16.98%

There were 7,844 violent lawbreaking disorders in 2020. 1,310.25 and it is Below Average rate comparing to other BC municipalities. Year by year change in the violent crime rate is -11.37%

The closest Bus station is Southbound King George Blvd @ 105A Ave in 0.2 km away from this listing with - MLS® R2925540.

26.2% of people with university certificate/degree live in this neighbourhood adjacent to the 10492 City Parkway which is Above Average in comparison with other BC neighbourhoods. 15.7% of population in this neighbourhood that is near the Listing MLS® R2925540 have no certificate or degree. This number is Below Average compared to the average in BC.

Median Household Income near this dwelling with the address 10492 City Parkway, Surrey, BC is $44325 which is Low in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R2925540 is $26400 which is Low in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 85.8% which is High.

Unemployment rate in the area around Real Estate Listing # R2925540 is 9.1 which is Above Average in comparison to the other province neighbourhoods.

This real estate is located in 10492 City Parkway Whalley where population change between 2011 and 2016 was 11.1%. This is High in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 10492 City Parkway, Surrey, BC is 5415.6 which is High people per sq.km.

Average size of families in the area adjacent to home for sale 10492 City Parkway is 2.6. This is Low number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R2925540 is 56.3% and it is Average. % of Married or living common law is around 42.5% and it is Low.

Average age of the population close to the 10492 City Parkway is 38.3 . This percentage is Below Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 10492 City Parkway, Surrey, BC is $304453 and this is Average comparing to other areas in British Columbia

Average Owner payments are Average in the area adjacent to 10492 City Parkway. $1201 owners spent in average for the dwelling. Tenants are paying $927 in this district close to MLS® R2925540 and it is Average comparing to other cities.

74.2% of Population in this district near the 10492 City Parkway are Renters and it is High comparing to other BC cities and areas.

% of English and French speakers around real estate listing 10492 City Parkway, Surrey, BC is 5.1%, it is Below Average, % of English speakers only is 90.9% and Average. % of Neither English nor French speakers close to home for sale 10492 City Parkway, Surrey, BC is 4% and it is High comparing to other BC cities.

48.7% of all population in the area around this property with the address 10492 City Parkway, Surrey, BC using Public Transport which is High, 43.7% of using population are using Cars around MLS® R2925540, which is Low. 0.5% of people using Bicycles around the 10492 City Parkway and it is Low. 5.9% of population are walking which is Above Average

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $3,000,000
Surrey No comparables
Whalley No comparables
Data is based on list prices of similar active listings. 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
778-918-5990
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