12607 96 AVE, Surrey BC V3V 1X5, Surrey, BC

$1,449,000
Est. Mortgage /mo

MLS® R2860553

Closed

$1,490,000
Closed at 30 May 2024
Listing price: $1,449,000
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Go See This Home Now
6 Beds
4 Baths
2 Stories
lot 7200 sqft
2645 sqft
1959 built
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Property details

This property presents a remarkable opportunity for investors, particularly given the forthcoming Bill 44, which is set to increase the density of corner lots near public transit. Under this new legislation, the property can be developed into multifamily housing, offering options for duplex, triplex, or even fourplex configurations. with a spacious 7,200-square-foot lot, 6 bedrooms, 4 bathrooms, including rental suites downstairs. The potential rental income from this setup is substantial, with the capacity to cover a significant portion, if not the entirety, of the mortgage. It's estimated that the property could generate close to $6500 in rental income, making it an attractive investment opportunity. Call us now

General Info

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Property History

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Status Date Price
Sold 05-30-2024 $1,449,000
Sold 11-30-2023 $1,398,000

Listed by:

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

Secondary
L A Matheson Secondary School
0.78 km
No Rating
Elementary
Cedar Hills Elementary School
Below Average
0.58 km
Rating 3.8/10

Part of this information is provided by the Province of British Columbia under the Open Government License for Government of BC Information v.BC1.0. School boundaries and other statistics changes frequently and is for general informational purposes only. You should not use such information in determining the legal eligibility to attend any particular school.

Private Schools

Elementary, Secondary
Khalsa School (Surrey)
1.93 km
No Rating
Elementary, Secondary
Khalsa School (Surrey)
1.93 km
No Rating

Closest Transit

Translink
Eastbound 96 Ave @ 126 St
0.05 km

12607 96 AVENUE, Surrey BC V3V 1X5 is serviced by Cedar Hills Elementary School. The property with listing MLS® R2860553 is located 0.58 km from the school. Cedar Hills Elementary School has a rating of Rating 3.8/10.

This home with address 12607 96 AVENUE, Surrey BC V3V 1X5, Surrey, BC is also serviced by L A Matheson Secondary School and located 0.78 km from it. L A Matheson Secondary School has a rating of No Rating.

The closest Elementary independent school to this home for sale located at 12607 96 AVENUE, Surrey BC V3V 1X5 is Khalsa School (Surrey) with School's rating No Rating, located 1.93 km from this home.

The closest to this address 12607 96 AVENUE, Surrey BC V3V 1X5 Secondary independent school is Khalsa School (Surrey) with School's rating No Rating, located 1.93 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 - 12607 96 AVENUE, Surrey BC V3V 1X5, 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® R2860553 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 12607 96 AVENUE, Surrey BC V3V 1X5 are Average. Property misconduct rating adjacent to MLS® R2860553 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 Eastbound 96 Ave @ 126 St in 0.05 km away from this listing with - MLS® R2860553.

14.3% of people with university certificate/degree live in this neighbourhood adjacent to the 12607 96 AVENUE, Surrey BC V3V 1X5 which is Below Average in comparison with other BC neighbourhoods. 25% of population in this neighbourhood that is near the Listing MLS® R2860553 have no certificate or degree. This number is Above Average compared to the average in BC.

Median Household Income near this dwelling with the address 12607 96 AVENUE, Surrey BC V3V 1X5, Surrey, BC is $70016 which is Average in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R2860553 is $25659 which is Low in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 66.8% which is Above Average.

Unemployment rate in the area around Real Estate Listing # R2860553 is 7.5 which is Average in comparison to the other province neighbourhoods.

This real estate is located in 12607 96 AVENUE, Surrey BC V3V 1X5 Cedar Hills 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 12607 96 AVENUE, Surrey BC V3V 1X5, Surrey, BC is 3195.4 which is Above Average people per sq.km.

Average size of families in the area adjacent to home for sale 12607 96 AVENUE, Surrey BC V3V 1X5 is 3.1. This is Above Average number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R2860553 is 71.3% and it is High. % of Married or living common law is around 54.3% and it is Below Average.

Average age of the population close to the 12607 96 AVENUE, Surrey BC V3V 1X5 is 38.9 . This percentage is Below Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 12607 96 AVENUE, Surrey BC V3V 1X5, Surrey, BC is $739487 and this is High comparing to other areas in British Columbia

Average Owner payments are High in the area adjacent to 12607 96 AVENUE, Surrey BC V3V 1X5. $1575 owners spent in average for the dwelling. Tenants are paying $940 in this district close to MLS® R2860553 and it is Average comparing to other cities.

41.7% of Population in this district near the 12607 96 AVENUE, Surrey BC V3V 1X5 are Renters and it is Above Average comparing to other BC cities and areas.

% of English and French speakers around real estate listing 12607 96 AVENUE, Surrey BC V3V 1X5, Surrey, BC is 3.9%, it is Low, % of English speakers only is 87.6% and Below Average. % of Neither English nor French speakers close to home for sale 12607 96 AVENUE, Surrey BC V3V 1X5, Surrey, BC is 8.6% and it is High comparing to other BC cities.

21.5% of all population in the area around this property with the address 12607 96 AVENUE, Surrey BC V3V 1X5, Surrey, BC using Public Transport which is Above Average, 75.8% of using population are using Cars around MLS® R2860553, which is Below Average. 0.3% of people using Bicycles around the 12607 96 AVENUE, Surrey BC V3V 1X5 and it is Low. 1.2% of population are walking which is Low

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All calculations are estimates and provided by Estateblock.com for informational purposes only. Actual amounts may vary.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Estateblock.com from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates. Insurance rates are very approximate and for informational purposes only.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All calculations are estimates and provided by Estateblock.com for informational purposes only. Actual amounts may vary.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Estateblock.com from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates. Insurance rates are very approximate and for informational purposes only.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $1,449,000
Surrey $1,507,948
Cedar Hills $1,500,000
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
778-918-5990
Call or Text Now!
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