5579 124 STREET

Surrey BC V3X 3H3 - Panorama Ridge

About This Property

DREAM HOME LOT ALERT! Not many lots available in prestigious Panorama Ridge. This 24,800 sqft lot is ready to build your dream home. Surrounded with new luxury homes, this lot is ready to build upto 10,000 sqft home. Conveniently located close to King George hwy, hwy 10, and hwy 99, not only will your home be situated in one of the most prestigious…

Property Details

MLS NumberR3000835

Lot Size24,850 sqft

StatusClosed

Listed ByGilco Real Estate Services

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.

$1,400,000Median home value

$118,000Median household income

71.6%Owner-occupied

38.6%Single-detached homes

3.6Avg household size

38Median age

33%Bachelor's degree or higher (25-64)

55.9%Commute under 30 min

90%Drive to work

50.6%Foreign-born residents

5,410Neighbourhood population

Age

Under 1515.7%
15 to 6468%
65 and over16.3%

Household size

1 person10.4%
223.5%
315.4%
423.8%
5 or more26.8%

Language spoken at home

48% Punjabi mother tongue

English28%
English + other7.1%
Hindi4.3%
Mandarin2.1%
Urdu1.7%
Cantonese0.8%
All others8%

Mother tongue, share of 5,410 residents.

How this pocket differs

fewer people living alone than Panorama Ridge 10.4% vs 13.3%
Median household income is higher than Metro Vancouver $118,000 vs $90,000
Median dwelling value is higher than Metro Vancouver $1,400,000 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.

Sales History

Date	Sale Price
Jun 10, 2025	$1,700,000

Source: BC Assessment (public records).

Land & Development

ZoningR3Bylaw (PDF) ↗

Lot size5,401 sqft

Lot dimensions63 × 96 ft

Lot shapeSlightly irregular

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~5,427 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.