1 / 3
Legal suite

$1,580,000

13268 96 AVENUE

Beds

4

Baths

2

Sqft

Year

1955

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

Open full map

About this home

Prime development opportunity on a 12,372 sq ft rectangular lot with strong potential for multiplex rezoning (up to 6 units) or strategic land assembly. Located in a rapidly evolving area, this property offers both immediate income and long-term upside.The existing 4-bedroom, 2-bathroom home with a legal suite provides solid rental income while you plan redevelopment. A large detached garage and expansive yard offer additional utility for contractors, storage, or home-based operations.The property also features a generous backyard with lane access potential and ample parking, including RV space. Mature fruit trees-cherry, fig, plum, and blueberry-enhance the livability appeal.Positioned just minutes from SkyTrain, Surrey Central, and major amenities, this is a high-demand location with strong growth fundamentals.Hold, rent, or redevelop-this is a rare opportunity with significant upside. (id:65958)

Subtype
Single Family
Architectural style
2 Level
Structure
House
Common interest
Freehold
Living area
1,829 square feet
Lot size
1 square feet
Lot dimensions
1
Parking
8 total
On market
Apr 15, 2026
Status changed
Apr 16, 2026
Annual tax
$6,340.14 (2025)
Photos
3
MLS#
R3111902
Area
SURREY

Features and systems

Parking

Open

Basement

FinishedFullUnknown

Heating

Forced air

Utilities

WaterNatural GasElectricity
Negative cash flow ~$182/mo at these assumptions

Cash on cash

-0.69%

Cap rate

4.73%

GRM

13.9

Break-even rent

$9,667

Financing

Down payment$316,000
Loan amount$1,264,000
Mortgage$6,405/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$724
Insurance$80
Maintenance$1,317
CapEx reserve$658
Vacancy loss$474

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.

Lifestyle 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.

Mortgage estimate

Estimated $6,405/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 16, 2026.

We use a single cookie to remember if you’ve dismissed this notice and a no-PII analytics ping. By using this site you consent. Privacy.