$1,199,000

5331 188 STREET

Surrey · MLS® R3156961

12,539 sq ft lot

Land · Vacant Land · 51 days on market

Listed by Harjit Sidhu, Planet Group Realty Inc.

Realtor's description

An incredible opportunity to build on this spacious 12,539 sq. ft. lot located on a quiet street in Cloverdale. Perfectly situated near schools, major routes, shopping, and recreational facilities, this property offers the ideal blend of convenience and tranquility. Whether you're looking to build your dream home or create side-by-side residences for family (such as a duplex for siblings), this lot provides endless potential. Check with the City of Surrey for building possibilities and zoning options. A prime location and a rare find - don't miss this chance to make it yours!

Property details

Type: Land, Vacant Land
Lot: 12,539 sq ft
Parking: 0
Days on market: 51
MLS®: R3156961

Price check

2026 assessment: $1,531,000 · asking is -22%

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 51 days · no price changes so far

The market here

Listed now: 102 days; median for 216 homes for sale; this one 51 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,531,000	$5,247

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

$5,224/mo

Mortgage $5,224

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$5,224/ monthly

loan $959,200

25-year amortization

down payment20% · $239,80020%+ 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: $607,978
property transfer tax: $21,980; BC general rate
cash to close: $261,780; down + PTT
total paid: $1,567,178

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

SurreyGoogle Maps ↗

Location

SurreyGoogle Maps ↗

Schools

Catchment schools, Surrey School District 36

Elementary Sunrise Ridge Elementaryhomes in this catchment
1.4 km away · 18690 60 Ave, Surrey · 604-576-3000
Secondary Clayton Heights Secondaryhomes in this catchment
3.3 km away · 7003 188 St, Surrey · 604-576-4138

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.

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