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$1,760,000

11221 162 STREET

Surrey BC V4N 4P6 - Fraser Heights

About This Property

Rare Development Opportunity in Fraser Heights! Create your ultimate estate on this expansive 14,898 sq. ft. vacant corner lot. Situated in one of North Surrey's most prestigious and family-friendly neighborhoods, this premium property offers the perfect canvas for a custom luxury home. Enjoy a quiet, tree-lined setting without sacrificing convenience, you…

Property Details

MLS NumberR3140128
Lot Size14,898 sqft
StatusClosed
Listed ByeXp Realty

School Catchment

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$1,510,000Median home value
$123,000Median household income
88%Owner-occupied
78%Single-detached homes
3.4Avg household size
42.8Median age
54.1%Bachelor's degree or higher (25-64)
55.9%Commute under 30 min
88.1%Drive to work
53.6%Foreign-born residents
4,282Neighbourhood population

Age

Under 15: 16.6%15 to 64: 68%65 and over: 15.4%
  • Under 1516.6%
  • 15 to 6468%
  • 65 and over15.4%

Household size

  • 1 person7.6%
  • 225.6%
  • 320.4%
  • 426.8%
  • 5 or more19.6%

Language spoken at home

39.3% English mother tongue

  • Mandarin24.3%
  • Korean8.5%
  • English + other4%
  • Cantonese3.9%
  • Punjabi3.6%
  • Vietnamese3%
  • All others13.4%

Mother tongue, share of 4,280 residents.

How this pocket differs

  • fewer people living alone than Fraser Heights 7.6% vs 10.4%
  • notably fewer Punjabi speakers than Fraser Heights 3.6% vs 6.6%
  • notably more Vietnamese speakers than Fraser Heights 3% vs 2%
  • more Mandarin speakers than Fraser Heights 24.3% vs 18.1%
  • more Korean speakers than Fraser Heights 8.5% vs 6.9%
  • Median household income is higher than Metro Vancouver $123,000 vs $90,000
  • Median dwelling value is higher than Metro Vancouver $1,510,000 vs $1,050,000

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

Land & Development

Lot size14,782 sqft
Lot dimensions65 × 158 ft
Lot shapeIrregular
Multi-unit potential (Bill 44 / SSMUH)
Units allowedUp to 4
Max height3 storeys
Min. setbacks4.5 / 1.5 / 1.2 mfront / side / rear
Est. buildable~14,852 sqft

Under BC's Small-Scale Multi-Unit Housing rules, this single-family lot may permit up to 4 units. These are the provincial minimums and approximate — local bylaw, servicing and lot conditions apply.

Approximate lot lines (ParcelMap BC)

Zoning, lot dimensions and grade are approximate, from public data, and for reference only — verify with the City / Township of Langley before relying on them.

Monthly Cost Calculator

Estimated monthly cost $8,714
Mortgage payment$8,069
Property tax$469
Home insurance$175
Partner Rates Available Contact us for preferred mortgage rates

An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax. 5-year fixed, as of Aug 20

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