Development opportunity in Crescent Heights. Side-by-side duplex at 2550-2560 124B Street on a lot with potential to subdivide. One side is vacant and uninhabitable; the other is occupied by a temporary tenant. The value here is in the land: build new, hold for the future, or redevelop. Set on a quiet, established family street in one of South Surrey's most…
Development opportunity in Crescent Heights. Side-by-side duplex at 2550-2560 124B Street on a lot with potential to subdivide. One side is vacant and uninhabitable; the other is occupied by a temporary tenant. The value here is in the land: build new, hold for the future, or redevelop. Set on a quiet, established family street in one of South Surrey's most sought-after neighbourhoods, within top school catchment and an easy walk to Crescent Beach, the waterfront, the pier, and village shops and cafes. A rare chance to secure a well-located property in a pocket where opportunities like this seldom come up. Buyer to verify subdivision potential, zoning and all measurements with the City of Surrey. Sold as is, where is. Tenanted side requires 24 hours' notice for showings.
Features
Carport Single
Front Access
Gravel
Room measurements4 rooms▸
Living RoomMain · 13'6 × 10'8
KitchenMain · 9'6 × 10'4
Primary BedroomMain · 10'8 × 9'6
BedroomMain · 9'9 × 8'
Floor plan
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Property Details
MLS NumberR3167959
Property TypeDuplex
Bedrooms2
Bathrooms1
Square Feet550
Lot Size12,506 sqft
Year Built1953
Parking Spaces1
HeatingNatural Gas
Days on Market12
StatusActive
Listed ByThe Agency White Rock
School Catchment
ElementaryCrescent Park
SecondaryElgin Park
Neighbourhood
Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$2,000,000Median home value
$115,000Median household income
71.6%Owner-occupied
78.4%Single-detached homes
2.6Avg household size
49.6Median age
47%Bachelor's degree or higher (25-64)
49.5%Commute under 30 min
87.9%Drive to work
26.6%Foreign-born residents
5,335Neighbourhood population
Age
Under 1515.6%
15 to 6459.5%
65 and over25%
Household size
1 person26%
233%
314.1%
415.8%
5 or more11.2%
Language spoken at home
72.2% English mother tongue
Mandarin12.2%
Punjabi2.7%
English + other1.8%
German1.5%
French0.9%
Cantonese0.8%
All others7.9%
Mother tongue, share of 5,315 residents.
How this pocket differs
more people living alone than Crescent Bch Ocean Pk. 26% vs 19.2%
Median household income is higher than Metro Vancouver $115,000 vs $90,000
Median dwelling value is notably higher than Metro Vancouver $2,000,000 vs $1,050,000
Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.
Land & Development
Lot size12,386 sqft
Lot dimensions99 × 125 ft
Lot shapeRectangular
Approximate lot lines (ParcelMap BC)
Zoning, lot dimensions and grade are approximate, from public data, and for reference only — verify with the City / Township of Langley before relying on them.
Monthly Cost Calculator
Estimated monthly cost$8,262
Mortgage payment$7,536
Property tax$566
Home insurance$160
Partner Rates Available
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Monthly cost
Estimated monthly$8,262
$1,350,000$1,830,000
20%50%
3.19%7.19%
5 years30 years
$5,390/yr$8,190/yr
$125/mo$195/mo
An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax.
5-year fixed, as of Sep 29
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