Listing history

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About this home

DEVELOPMENT OPPORTUNITY IN SURREY WEST NEWTON! A rare opportunity to acquire an approx. 26,334 sqft (0.6-acre) development site in Surrey. 3 side by side lots, ideally situated on the corner of 122A Street and 74 Avenue, RA zone and falls within Scottsdale Exchange TOA and Low Rise Density OCP, offering potential for lot subdivision or up to 3.0 FSR 8-storey development. Just minutes from Strawberry Hill Shopping Centre, KPU, Newton Athletic Park, and public transit, the site offers excellent accessibility and convenience. A BC Hydro right-of-way is registered on the second and third lots, with potential for parking use. Don’t miss this exceptional opportunity to secure a prime development site in one of Surrey’s desirable and well-connected neighbourhoods. Call today for more information!

Home facts

Bedrooms: 4
Bathrooms: 3 full
Interior: 3,208 sq ft
Lot size: 0.60 acres
Year built: 1977
Storeys: 2
Parking: 2
Property type: Single Family Residence
Basement: Full
Area: Surrey
Sub-area: West Newton
Listed: Hidden until you accept the VOW terms
Structure: Residential Detached
PID: Hidden until you accept the VOW terms

Highlights

Balcony

Features and inclusions

Heating: Natural Gas
Construction: Hidden until you accept the VOW terms
Roof: Hidden until you accept the VOW terms
Parking: Detached

Board rules show these details to signed-in buyers who accept the VOW terms.

Listed by RE/MAX City Realty. Data from BCRES. Last updated Oct 30, 2026, 4:48 PM.

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.

Monthly and upfront costs

Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.

Monthly ownership costs

Principal and interest: $27,254
Property tax: $1,675/mo
Home insurance: $150/mo
Estimated monthly total: $29,079

Purchase snapshot

List price: $5,750,000
Down payment: $1,150,000 (20%)
Estimated mortgage: $4,600,000

Estimates only. They leave out utilities, upkeep and closing costs.

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Space and layout

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Home value

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Neighbourhood

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Walk to FreshCo6 min

Bike to Newton Exchange14 min

Walk to Newton Exchange48 min

Drive to downtown Vancouver56 min

Estimated travel times. Map data © OpenStreetMap contributors.

Most listed

Detached · 48%

Homes for sale nearby, by type

Detached234 for sale

Condo / Apartment113 for sale

Townhouse95 for sale

Half-duplex19 for sale

Other14 for sale

Land11 for sale

Active listings within 3 km of this home.

Homes built in Surrey, by type

Row house34.2% · 65

Apartment in duplex23.7% · 45

Low-rise apartment23.7% · 45

Single-detached18.4% · 35

Source: Statistics Canada, 2021 Census of Population. 190 dwellings.

Who lives here

Statistics Canada area 59152096 · Surrey

Median age: 28
Renter households: 47%
Average household size: 4.2
Median household income: $89,000

Population (2021): 753
Median rent: $1,260
Owner shelter cost: $1,270
30%+ of income on shelter: 9%
Owner households: 53%
Households with kids: 42%
Immigrants: 55%
Post-secondary: 41%
Average home value (2021): $1,240,000

Breakdown

$15,000 to $19,9992.7% · 5

$20,000 to $24,9995.4% · 10

$30,000 to $34,9995.4% · 10

$35,000 to $39,9992.7% · 5

$40,000 to $44,9992.7% · 5

$50,000 to $59,9995.4% · 10

$60,000 to $69,9995.4% · 10

$70,000 to $79,99910.8% · 20

$80,000 to $89,9995.4% · 10

$90,000 to $99,9998.1% · 15

$100,000 to $124,99910.8% · 20

$125,000 to $149,99910.8% · 20

$150,000 to $199,99910.8% · 20

$200,000 and over13.5% · 25

Source: Statistics Canada, 2021 Census Profile, dissemination area 59152096.

Documents

Pick the records you want. Ray Rasouli will email what the listing brokerage shares.

Property disclosure statementReview seller-disclosed conditions and known defects.
Title searchReview registered ownership, charges, easements, and covenants.
Inspection reportsReview available property-condition findings.
Building and renovation permitsConfirm that significant work was properly permitted.
Survey or site planReview boundaries, structures, and encroachments.
Zoning and land-use recordsReview permitted uses and development constraints.
Well and water-quality recordsReview water source, testing, and maintenance information.
Septic recordsReview system permits, servicing, and condition information.

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7389 122a Street

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