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$1,698,000

12587 60A AVENUE

Surrey · MLS® R3163985

8 bed · 6 bath · 5,002 sq ft · 7,405 sq ft lot · 2 parking

House · Single Family · built 1997 · 25 days on market

Listed by Vish Chandra, Planet Group Realty Inc.

Realtor's description

Welcome to PANORAMA RIDGE neighbourhood! This custom-built 3 Story home offers over 5,000 sqft of luxurious living space designed for both grand entertaining and everyday comfort. Main floor features formal dinning room, large family room with soaring ceilings, gourmet chef's kitchen with large breakfast nook with In-law suite on main with full bathroom. Walk out to amazing private backyard with large covered patio. Upstairs offers 4 spacious bedrooms, 3 bathrooms, including 2 spa style ensuites with walk in closet. Basement offers (2 plus 1 bedroom suite) a 2 bedroom suite with separate entrance and a 1 bedroom suite with separate entrance plus a rec room/theatre room. Call for your viewing appointment today!

Property details

Type: House, Single Family
Bedrooms: 8
Bathrooms: 6
Living area: 5,002 sq ft
Lot: 7,405 sq ft
Parking: 2
Year built: 1997
Property tax: $7,797 / yr
Days on market: 25
MLS®: R3163985

Features

Washer
Refrigerator
Central Vacuum
Dishwasher
Stove
Dryer

Floor plans

Found among the listing photos.

Price check

2026 assessment: $1,703,000 · asking is -0.3%
Price per sq ft: $339 vs $532 median for houses in Surrey for sale (1849)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 25 days · no price changes so far

The market here

Listed now: 64 days; median for 1902 houses for sale; this one 25 days

Houses in Surrey. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$1,703,000	$5,837

The listing shows $7,797 a year in property tax.

Estimate: the BC Assessment value times Surrey's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$8,048/mo

Mortgage $7,398 · Tax $650

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$7,398/ monthly

loan $1,358,400

25-year amortization

down payment20% · $339,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $861,007
property transfer tax: $31,960; BC general rate
cash to close: $371,560; down + PTT
total paid: $2,219,407

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Suite rent: $1,602/mo
Your cost after the suite: $6,749/mo; vs $8,223 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $7,398 · tax $650 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) in Surrey (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

Location

Lot outline: 688 m² (7,406 sq ft) · PID 023-467-860. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

SurreyGoogle Maps ↗

Location

SurreyGoogle Maps ↗

Schools

Catchment schools, Surrey School District 36

Elementary J.T. Brown Elementaryhomes in this catchment
200 m away · 12530 60 Ave, Surrey · 604-596-3445
Secondary Tamanawis Secondaryhomes in this catchment
1.1 km away · 12600 66 Ave, Surrey · 604-597-5234

From the Surrey School District 36's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

Development nearby

Rezoning
220 m away · 2024 · under review
Rezoning from One Acre Residential Zone (RA) to Single Family Residential Zone (RF); Subdivision from one (1) lot into four (4) lots; Neighbourhood Concept Plan (NCP) Amendment for a portion of the lot from Parks to Single Family (6 UPA); Development Variance Permit for lot width; Development Permit for three (3) Single Family lots and one (1) detention pond in a Sensitive Ecosystem (Green Infrast
Rezoning
370 m away · 2023 · conditionally approved
Rezoning from Acreage Residential Zone (RA) to Semi-Detached Residential Zone (R6); Neighbourbood Concept Plan (NCP) Amendment to introduce Urban Residential 10-15 u.p.a. as a new land use designation and an amendment from Single Family to Urban Residential 10-15 u.p.a; Development Variance Permit to permit subdivision into 10 semi-detached residential lots.
Rezoning
380 m away · 2026 · under review
Rezoning from RA (Acreage Residential Zone) to R3 (Urban Residential Zone); Subdivision from one (1) lot to two (2) lots.

Applications filed with the city, active or decided in the last 3 years, measured from the listing's map pin. An application isn't an approval; the city's page has the current details. Source: City of Surrey development applications.

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