5552 125 STREET

Surrey BC V3X 2Y6 - Panorama Ridge

About This Property

Rare opportunity to create your dream estate in the prestigious West Panorama Ridge community! This fully serviced, 20,000 sq. ft. lot offers a blank canvas for your vision, with ample space to design a luxury residence perfectly tailored to your lifestyle. Featuring approximate dimensions of 116’ x 167’ (short side fronting 125 Street), this property…

Property Details

MLS NumberR3083339

Lot Size20,020.87 sqft

Days on Market234

StatusActive

Listed BySaba Realty Ltd.

School Catchment

Elementary Colebrook

Secondary Panorama Ridge View homes in catchment →

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.

$2,000,000Median home value

$156,000Median household income

74.4%Owner-occupied

81.8%Single-detached homes

3.5Avg household size

48Median age

33.3%Bachelor's degree or higher (25-64)

58.3%Commute under 30 min

90%Drive to work

36.3%Foreign-born residents

1,546Neighbourhood population

Age

Under 1510.7%
15 to 6467.6%
65 and over21.7%

Household size

1 person9.1%
230.7%
317%
415.9%
5 or more27.3%

Language spoken at home

46% English mother tongue

Punjabi34%
English + other5.2%
Mandarin3.2%
Cantonese1.9%
Spanish1.3%
Hindi1.3%
All others7.1%

Mother tongue, share of 1,545 residents.

How this pocket differs

fewer children under 15 than Panorama Ridge 10.7% vs 15.5%
more seniors 65+ than Panorama Ridge 21.7% vs 17%
fewer people living alone than Panorama Ridge 9.1% vs 13.3%
fewer 4-person households than Panorama Ridge 15.9% vs 20.1%
notably more Mandarin speakers than Panorama Ridge 3.2% vs 1.7%
Median household income is notably higher than Metro Vancouver $156,000 vs $90,000
Median dwelling value is notably higher than Metro Vancouver $2,000,000 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

ZoningR1Bylaw (PDF) ↗

Lot size29,160 sqft

Lot dimensions59 × 301 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~29,300 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.