ATTENTION BUILDERS, DEVELOPERS & INVESTORS! Rare opportunity to acquire a 27,668 sq.ft. (0.635 acre) corner property in Queen Mary Park neighbourhood. Professionally prepared feasibility study supports a potential 4-lot subdivision consisting of 2 single-family lots and 2 duplex lots (buyer to verify). Prime corner exposure with frontage on 125 Street and side frontage on 94 Avenue offers excellent redevelopment potential. Existing home provides holding income potential while future plans are explored. Convenient location close to schools, parks, shopping, transit and major commuter routes. Feasibility package available upon request. Buyer to verify all development potential, lot yield, servicing requirements and municipal approvals.
Property details
4
Beds
2 full
Baths
2,278 ft²
Floor area
27,668 ft²
Lot size
1979
Year built
2
Storeys
7
Parking
$6,850/yr
Gross tax
Location & structure
Single Family Residence
Type
Full
Basement
Yes
Garage
No
Carport
1
Fireplace
Surrey
Area
Queen Mary Park Surrey
Sub-area
Split Entry
Style
Style
Split Entry
Basement
Full
Structure
Residential Detached
Features & inclusions
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Heating
Forced Air
Parking
Additional Parking, Garage Double, Front Access, Garage Door Opener
Lot
Central Location
Community
Shopping Nearby
Additional details
Levels
Split Entry
Entry
Split Entry
Main floor (ground)
1,301 ft²
Tax year
2025
Listed by Sutton Group-West Coast Realty (Langley). Data from BCRES. Last updated Jun 24, 2026, 3:31 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.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $799,800 down (20%) on $3,999,000, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Inventory mix
What this area trades in
Within 3 km of this listing · 1,111 listings
Condo / Apartment
551
49.6%
Detached
386
34.7%
Townhouse
82
7.4%
Land
44
4.0%
Half-duplex
25
2.3%
Other
23
2.1%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Surrey · 160 dwellings
Apartment in duplex80 · 50.0%
Single-detached45 · 28.1%
Low-rise apartment35 · 21.9%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59154312· Surrey· Transit 47/100 (2649m to rapid)· 0.11 km²
Median rent here
$1,480
Owner shelter cost
$2,300
Renters
51.5%
30%+ on shelter
30.3%
Population (2021)
614
Median age
33.2
Avg household size
3.7
Avg household income
$125,000
Renters
51.5%
Owners
48.5%
Immigrants
43.0%
Post-secondary
33.6%
Avg home value
$1,340,000
Single status
34.6%
Not in labour force
41.4%
Households with kids
33.3%
Median rent
$1,480
Owner shelter cost
$2,300
30%+ on shelter
30.3%
Breakdown
$20,000 to $24,999
5
3.2%
$35,000 to $39,999
5
3.2%
$50,000 to $59,999
10
6.5%
$60,000 to $69,999
10
6.5%
$70,000 to $79,999
15
9.7%
$80,000 to $89,999
10
6.5%
$90,000 to $99,999
5
3.2%
$100,000 to $124,999
20
12.9%
$125,000 to $149,999
20
12.9%
$150,000 to $199,999
30
19.4%
$200,000 and over
25
16.1%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59154312).
Market story
Rent in Surrey
Census 2021 avg $1,480/mo here · Vancouver 4BR rent (est) trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
Vancouver CMA rental snapshot · 2025
Purpose-built vacancy
3.7%
Avg 2BR rent
$2,363
+2.2% YoY
Condo vacancy
1.5%
Avg 2BR condo rent
$2,900
Source: CMHC Rental Market Report (2025)
CMHCVancouver outlook
From the CMHC Spring 2026 Housing Supply Report · Mar 2026
$3,999,000 is 142.8% above the Lower Mainland Single Family HPI benchmark of $1,647,000 (2026-04-01).
On a 7 to 10 year hold, price discovery vs the area benchmark drives outcomes. Today's price sits 142.8% above the GVR HPI for this segment.
Weak value signals·22/100
Weak value signals, score 21.9 of 100Based on 7 of 9 signals · score likely 0 to 49.1
Area benchmark trend
Lower Mainland single family benchmark price (GVR MLS® HPI), last 12 months
Partial carrying costRound-number price anchorOutlier price for area
Price comparisons use asking prices from nearby active and recently removed listings. Sold prices are not available through public listing feeds.
Scores weight nine signals across price, market, carrying cost, and location data. Sources: BCRES listing feed, GVR MLS® HPI, TransLink, BC Geographic Warehouse, Vancouver Open Data, Statistics Canada (2021 Census). One input among many, not advice.