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Investment signal

$1,549,999

12957 98B AVENUE

Save this home

Beds

Baths

Sqft

—

Year

1958

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Surrey. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Fully renovated home in the prime Cedar Hills / Surrey Central area! This spacious property sits on a 7,179 sq.ft. lot with 69 ft frontage and R3 zoning, offering great future potential. Conveniently located close to Surrey Central SkyTrain Station, major shopping centres, schools, parks, and all daily amenities. The home features ""3 separate basement suites (2+2+1 bedrooms)"", making it an excellent mortgage helper with strong rental income potential. Ideal opportunity for first-time home buyers or investors looking for a property with multiple rental options in a highly desirable and central location. A rare find combining location, rental income, and future potential. (id:65958)

Subtype: Single Family
Architectural style: 2 Level, 4 Level
Structure: House
Common interest: Freehold
Living area: 3,007 square feet
Lot size: 7,179 square feet
Lot dimensions: 7179
Parking: 6 total
On market: Mar 5, 2026
Status changed: Apr 26, 2026
Annual tax: $0 (2025)
Photos: 22
MLS#: R3096671
Area: SURREY

Features and systems

Parking

Open

Basement

FinishedFullSeparate entrance

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Forced airNatural gas

Utilities

WaterNatural GasElectricity

Negative cash flow ~$1,648/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.38%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,485

Financing

Down payment$310,000

Loan amount$1,239,999

Mortgage$6,283/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$710

Insurance$80

Maintenance$1,292

CapEx reserve$646

Vacancy loss$388

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $6,283/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 26, 2026.