12793 54 Avenue

Surrey · MLS® R3178608

23,055 sq ft lot · Land · Vacant Land · 1 day on market

listed by Edith Katronis, Homelife Benchmark Realty Corp.

realtor's description

Rare opportunity to own a 23,055 sq ft (half-acre) ocean-view lot in prestigious Panorama Ridge! Enjoy sweeping views toward Crescent Beach, surrounded by multi-million-dollar estates and natural greenery. Fully serviced and R-1 zoned, this property offers incredible potential to build a luxury residence exceeding 10,000 sq ft across 3 levels. Water, storm drainage, and FortisBC gas are already brought into the lot, complete with City-approved inspections and required valve chambers. Sewer is installed with a City-approved inspection chamber at the property line and a stub ready for connection. Plus, an engineer-approved fill stockpile is on-site to satisfy the City-approved grading plan. The ultimate canvas to design and build your dream estate!

property details

type: Land, Vacant Land
lot: 23,055 sq ft
parking: 0
property tax: $7,892 / yr
days on market: 1
MLS®: R3178608

the market here

listed now: 120 days; median for 175 homes for sale; this one 1 day

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

property tax by year

year	assessed	est. tax
2026	$2,142,000	$7,341

The listing shows $7,892 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

$10,221/mo

Mortgage $9,563 · Tax $658

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

estimated payment

$9,563/ monthly

loan $1,756,000

25-year amortization

down payment20% · $439,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 28, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,113,021
property transfer tax: $43,850; BC general rate
cash to close: $482,850; down + PTT
total paid: $2,869,021

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

location

lot outline: 2,142 m² (23,056 sq ft) · PID 032-281-480. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

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
2.2 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
150 m away · 2026 · under review
Rezoning proposal from CD to R1 to allow for a subdivision into 2 lots. The existing house to remain on Lot 1. DVP to waive the works to dedicate the remaining section of 14.0m radius along frontage of 127 St. including associated offsite roadworks.

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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