1603 King George Boulevard

Surrey · MLS® R3072030

940 sq ft · 13,743 sq ft lot · House · Single Family · built 1972 · 329 days on market

listed by Matt Johnston, Hugh & McKinnon Realty Ltd.

realtor's description

Investor/Developer Opportunity! Don't miss out on this prime development lot for sale, strategically situated within the KING GEORGE HIGHWAY CORRIDOR PLAN. This property boasts excellent potential for rezoning to Multiple Residential--connect with the City of Surrey to explore land use options. Enjoy convenient access to Highway 99, the U.S. border, beautiful White Rock Beach, and an array of dining options. The measurements provided by the realtor are approximate; buyers and/or their agents are encouraged to verify all crucial details. For more information, call today!

property details

type: House, Single Family
bedrooms: 2
bathrooms: 1
living area: 940 sq ft
lot: 13,743 sq ft
parking: 0
year built: 1972
property tax: $5,818 / yr
days on market: 329
MLS®: R3072030

the market here

listed now: 68 days; median for 1885 houses for sale; this one 329 days

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

property tax by year

year	assessed	est. tax
2026	$1,565,000	$5,364

The listing shows $5,818 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

$11,488/mo

Mortgage $11,003 · Tax $485

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$11,003/ monthly

loan $2,000,000

25-year amortization

down payment20% · $500,00020%+ down: no mortgage insuranceinterest rate4.44%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: $1,300,854
property transfer tax: $53,000; BC general rate
cash to close: $553,000; down + PTT
total paid: $3,300,854

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

SurreyGoogle Maps ↗

schools

Catchment schools, Surrey School District 36

Elementary South Meridian Elementaryhomes in this catchment
600 m away · 16244 13 Ave, Surrey · 604-538-7114
Secondary Earl Marriott Secondaryhomes in this catchment
700 m away · 15751 16 Ave, Surrey · 604-531-8354

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 for 20 homes
270 m away · 2018 · under review
OCP Amendment from Urban to Multiple Residential Rezoning from RM-D to RM-30 Subdivision from2 lots to 1 lot Development Permit and Development Variance Permit to construct 20 townhouse units.

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.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.