12783 56 AVENUE

Surrey · MLS® R3169886

3 bed · 1 bath · 1,869 sq ft · 38,768 sq ft lot · 4 parking

House · Single Family · built 1928 · 13 days on market

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

Realtor's description

Rare Panorama Ridge land assembly opportunity with ocean views. This 0.89-acre corner property features a tenant-occupied three-bedroom home, offering rental income while a buyer plans for the future. Three neighbouring vacant lots, totalling approximately 1.3 additional acres, are also listed for sale. Together, the four parcels offer approximately 2.19 acres. Each property has its own MLS® listing, asking price and detailed description; the price shown here is for 12783 56 Avenue only. Buyers interested in the full assembly should review all four listings and verify zoning, servicing and development options with the City of Surrey.

Property details

Type: House, Single Family
Bedrooms: 3
Bathrooms: 1
Living area: 1,869 sq ft
Lot: 38,768 sq ft
Parking: 4
Year built: 1928
Property tax: $6,854 / yr
Days on market: 13
MLS®: R3169886

Price check

2026 assessment: $1,738,800 · asking is +15%
Price per sq ft: $1,070 vs $532 median for houses in Surrey for sale (1848)

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 13 days · no price changes so far

The market here

Listed now: 64 days; median for 1902 houses for sale; this one 13 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,738,800	$5,959

The listing shows $6,854 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

$9,285/mo

Mortgage $8,714 · Tax $571

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

estimated payment

$8,714/ monthly

loan $1,600,000

25-year amortization

down payment20% · $400,00020%+ 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: $1,014,142
property transfer tax: $38,000; BC general rate
cash to close: $438,000; down + PTT
total paid: $2,614,142

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: 3,618 m² (38,944 sq ft) · PID 010-039-091. 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
270 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
330 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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