SUBDIVISION POTENTIAL – APPROX. 3 LOTS! Rare opportunity to own 1.61 acres in prestigious Panorama Ridge. Zoned R1 (½ Acre Residential) with Suburban 1 OCP designation, offering potential for an approximate 3-lot subdivision (buyer to verify with City of Surrey). Features 2 road frontages, city water, and sewer at 56 Ave. The existing 3,400 sq. ft.…
SUBDIVISION POTENTIAL – APPROX. 3 LOTS! Rare opportunity to own 1.61 acres in prestigious Panorama Ridge. Zoned R1 (½ Acre Residential) with Suburban 1 OCP designation, offering potential for an approximate 3-lot subdivision (buyer to verify with City of Surrey). Features 2 road frontages, city water, and sewer at 56 Ave. The existing 3,400 sq. ft. Tudor-style home offers 6 bedrooms and 3 bathrooms on a private, park-like property with mature fruit trees and is on septic. Surrounded by luxury estate homes and easy access to King George Blvd, HWY to Richmond, and South Surrey/White Rock. Build, develop, or hold as an investment. Opportunity awaits!
Features
Private Yard
Garage Double
Room measurements12 rooms▸
Living RoomMain · 15' × 22'
Dining RoomMain · 12' × 16'
KitchenMain · 9'6 × 14'
NookMain · 6'6 × 9'6
OtherMain · 11'7 × 14'5
UtilityMain · 11'3 × 22'
FoyerMain · 5'6 × 7'6
Primary BedroomMain · 21'5 × 24'
BedroomMain · 12' × 14'6
BedroomMain · 12' × 13'
BedroomMain · 12' × 13'6
BedroomMain · 12' × 15'8
Floor plan
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Property Details
MLS NumberR3150097
Property TypeSingle Family Residence
Bedrooms5
Bathrooms3
Square Feet3,380
Lot Size70,131.6 sqft
Year Built1935
Parking Spaces2
HeatingNatural Gas
Days on Market104
StatusActive
Listed ByRE/MAX Treeland Realty
School Catchment
ElementaryColebrook
SecondaryPanorama Ridge
Neighbourhood
Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$1,300,000Median home value
$116,000Median household income
69.8%Owner-occupied
46.2%Single-detached homes
3.6Avg household size
36Median age
31.3%Bachelor's degree or higher (25-64)
54.2%Commute under 30 min
89.4%Drive to work
51.1%Foreign-born residents
4,690Neighbourhood population
Age
Under 1517.9%
15 to 6470.3%
65 and over11.8%
Household size
1 person14.4%
217.5%
317.9%
422.1%
5 or more28.1%
Language spoken at home
44.3% Punjabi mother tongue
English30.7%
English + other8.3%
Hindi3.3%
Urdu2.1%
Tagalog2%
Arabic0.7%
All others8.6%
Mother tongue, share of 4,690 residents.
How this pocket differs
fewer seniors 65+ than Panorama Ridge 11.8% vs 17%
Median household income is higher than Metro Vancouver $116,000 vs $90,000
Median dwelling value is higher than Metro Vancouver $1,300,000 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 size69,480 sqft
Lot dimensions109 × 641 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$22,276
Mortgage payment$20,713
Property tax$1,113
Home insurance$450
Partner Rates Available
Contact us for preferred mortgage rates
Monthly cost
Estimated monthly$22,276
$3,820,000$5,180,000
20%50%
2.89%6.89%
5 years30 years
$10,654/yr$16,054/yr
$360/mo$540/mo
An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax.
5-year fixed, as of Nov 5
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