12411 78 Ave, Surrey, BC | MLS^® R3054278 Property Details

Exceptional development/holding opportunity in a highly sought-after location! This beautiful 7,600+ square foot corner lot (115 feet frontage on 78 Avenue & 66 feet on 124 Street) is zoned R3, allowing for a FOURPLEX or DUPLEX with 2 legal suites – the perfect site for your next project or investment. The property currently features a 3-bedroom rancher, offering excellent rental income potential during planning and permitting. Bus stop is right next to the property (Bus #329 – direct to Surrey Central Station), and Strawberry Hill Elementary is just 1 block away – a fantastic location for families and commuters alike.

General Info

Price $1,649,000

Total Bedrooms 3

Total Bathrooms 1

Half Bathrooms 0

Floor Area Total (sqft) 1445

Lot Size 7677

Lot Size Depth Feet

Lot Size Frontage 115.65

Basement Full

Basement Features BasementFeatures

Property Metrics

Year Built 1958

Age Of Building 67

Building Type Single Family Residence

Property Type Residential

Architecture Style Rancher/Bungalow

Stories 1

Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove

Building Features BuildingFeatures

Structures Residential Detached

Additional Details

MLS^® # R3054278

Area Surrey

Neighbourhood West Newton

City Surrey

Gross Taxes $4,911.92

Ownership Type Freehold NonStrata

Maintenance Fee -

Community Features Shopping Nearby

Heating & Cooling

Fireplace -

Heating Type Forced Air, Natural Gas

Utilities

Utility Type Electricity Connected, Water Connected

Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Water (WaterSource) Public

Parking

Parking Type Additional Parking, Open, RV Access/Parking, Front Access

Total Parking Spaces 8

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Strata Restrictions -

Rental Restrictions -

Zoning R3

Rental Suites -

Laundry In Unit

# of Kitchens 1

Flooring Vinyl, Carpet

Foundation Concrete Perimeter, Slab

Interior Features Storage

Locker -

View -

View Description -

Units In Development -

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Roof Tile

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Living Room	18' x 18' ft
Main Level	Dining Room	12' x 12' ft
Main Level	Kitchen	12' x 12' ft
Main Level	Primary Bedroom	13' x 13' ft
Main Level	Bedroom	18' x 18' ft
Main Level	Bedroom	11' x 11' ft
Main Level	Laundry	7' x 7' ft

Listed by: Coldwell Banker Universe Realty & Century 21 Coastal Realty Ltd.

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

Strawberry Hill Elementary School

Average

0.36 km

4.4/10

Secondary

Princess Margaret Secondary School

1.57 km

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

Private Schools

Elementary

Sikh Academy

1.75 km

Elementary, Secondary

Khalsa School (Surrey)

5.51 km

Closest Transit

Bus Stop

Northbound 124 St @ 78 Ave

0.02 km

Skytrain

Skytrain @ King George Stn

4.88 km

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

Welcome to 12411 78 Avenue, a Charming Surrey Neighbourhood

As your trusted realtor, I'm excited to introduce you to this beautiful community in Surrey, BC. Located at 12411 78 Avenue, this home is a perfect blend of comfort, convenience, and style.

Education

Just down the road, you'll find Strawberry Hill Elementary School, serving students with a rating of 4.4/10, and located just 0.36 km from the property with MLS^® R3054278. The school is highly regarded for its academic excellence and supportive community. Families love this area because of its strong educational system and caring teachers.

In addition to Strawberry Hill Elementary, Princess Margaret Secondary School is also nearby, with a rating of No Rating, and located 1.57 km from the property. This school offers a comprehensive education and a wide range of extracurricular activities for students.

For those seeking independent education, Sikh Academy is just 1.75 km away, with a rating of 7.1/10, and Khalsa School (Surrey) is a bit further away at 5.51 km, with a rating of No Rating.

Safety

When it comes to safety, our neighbourhood has an average crime rate of 7,512.73, which is comparable to other Canadian cities. According to Statistics Canada's 2020 report, our neighbourhood had 44,976 violations, with a rate of 7,512.73 incidents per 100,000 population. This is a reassuring fact for families and individuals looking for a peaceful community.

Demographics

Our neighbourhood is a diverse and vibrant community, with 17% of residents holding a university certificate or degree, which is average compared to other BC neighbourhoods. However, 28.5% of the population have no certificate or degree, which is higher than the average in BC.

In terms of income, the median household income is $66,162, which is average compared to other BC neighbourhoods. The median personal income is $21,148, which is lower than the average in BC.

Transit

Convenience is key, and our neighbourhood is well-connected to public transportation. The closest bus station, Northbound 124 St @ 78 Ave, is just 0.02 km away from the property with MLS^® R3054278. You can easily access the city's major highways and public transportation systems, making it easy to get around Surrey and beyond.

Lifestyle Amenities

Our neighbourhood offers a range of lifestyle amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, and coffee shops. You'll find everything you need to live a comfortable and convenient lifestyle.

Real Estate Context

The average dwelling value in our neighbourhood is $717,260, which is high compared to other areas in British Columbia. The average owner payment is $1,715, which is high in our area. However, tenants are paying $874, which is below average compared to other cities.

Unemployment and Population Growth

Our neighbourhood has an unemployment rate of 6.9%, which is below average compared to other province neighbourhoods. The population change between 2011 and 2016 was 2%, which is average compared to the growth rate of this region.

Diversity and Transportation

Our neighbourhood is diverse, with 2.4% of residents speaking English and French, which is low compared to other BC cities. However, 82.7% of residents speak only English, which is below average. The percentage of residents who speak neither English nor French is 15%, which is high compared to other BC cities.

In terms of transportation, 83.5% of residents use cars, which is average compared to other BC cities. 1% of residents use bicycles, which is average, and 2.4% of residents walk, which is below average.

Discover 12411 78 Avenue, Surrey, BC MLS^® R3054278

This charming home is a perfect blend of comfort, convenience, and style. With its excellent schools, average crime rate, and diverse community, it's an ideal place to call home. Whether you're a family or an individual, this neighbourhood has something for everyone. Contact me today to schedule a viewing and make 12411 78 Avenue your dream home.

Surrey Real Estate Expert

As a seasoned realtor with over a decade of experience in British Columbia real estate, I'm committed to providing you with the best possible service. With in-depth knowledge of the Surrey market and a passion for helping clients achieve their real estate goals, I'm the perfect partner to guide you through the home-buying or selling process. Contact me today to discuss your real estate needs and let's work together to find your dream home.

12411 78 Ave, Surrey, BC, MLS^® R3054278