$250,000

12761 56 AVENUE

Surrey · MLS® R3169888

32,277 sq ft lot

Land · Vacant Land · 12 days on market

Listed by Mohammad Alwarraq, Royal Pacific Lions Gate Realty Ltd.

Realtor's description

Panorama Ridge bare land with Ocean views and ample 56 Ave frontage and road access. The land has a south-facing slope and offers an opportunity for buyers seeking open land in Surrey. Power lines cross the property, and the land is not being marketed as a residential building lot. Potential uses are subject to City of Surrey requirements, however comparable properties are marketing potential earnings of over $8000/month in mobile storage space. Two other directly neighbouring properties are also being marketed, creating an opportunity to explore a larger land assembly. Each property has its own listing, asking price and description; the price shown here applies to 12761 56 Avenue only. Buyers should complete their own due diligence on permitted uses, access and restrictions.

Property details

Type: Land, Vacant Land
Lot: 32,277 sq ft
Parking: 0
Property tax: $1,085 / yr
Days on market: 12
MLS®: R3169888

Property insights

On market 12 days

The market here

Listed now: 105 days; median for 207 homes for sale; this one 12 days

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

Monthly cost

$1,180/mo

Mortgage $1,089 · Tax $90

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

estimated payment

$1,089/ monthly

loan $200,000

25-year amortization

down payment20% · $50,00020%+ 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: $126,768
property transfer tax: $3,000; BC general rate
cash to close: $53,000; down + PTT
total paid: $326,768

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.

Location

Lot outline: 2,994 m² (32,227 sq ft) · PID 010-039-031. 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 Colebrook Elementaryhomes in this catchment
500 m away · 5404 125a St, Surrey · 604-596-3221
Secondary Panorama Ridge Secondaryhomes in this catchment
1.9 km away · 13220 64 Ave, Surrey · 604-595-8890

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
280 m away · 2024 · under review
NCP amendment to go from Suburban residential (1 acre) to Suburban residential (1/2 acre); Rezoning a portion from RA to R1; Subdivision from 2 lots into 3 lots; Development Variance Permit to reduce lot 2 width from 30m to 27.23m.
Rezoning
340 m away · 2026 · under review
Official Community Plan amendment from Suburban I to Suburban II; Rezoning from R1 (Suburban Residential Zone) to R2 (Quarter Acre Residential Zone); Subdivision from one (1) 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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