1 / 3 photos

$2,500,000

12783 56 AVENUE

Surrey BC V3X 2Y7 - Panorama Ridge

3 bd

1 ba

1,869 sqft

Built 1928

About This Property

Investment Alert!! Rare opportunity to own a corner lot in the highly desirable Panorama Ridge neighbourhood. This property features an existing home that is currently tenant-occupied, providing rental income while you plan and build your dream home or investment property. Offering significant frontage in a sought-after location, the property is just steps…

Features

No Outdoor Area

Open

RV Access/Parking

Guest

Lane Access

Asphalt

Room measurements4 rooms▸

Living RoomMain · 18' × 10'

BedroomMain · 14' × 10'

Property Details

MLS NumberR3134121

Property TypeSingle Family Residence

Bedrooms3

Bathrooms1

Square Feet1,869

Lot Size101,494.8 sqft

Year Built1928

HeatingMixed

Days on Market93

StatusActive

Listed ByRoyal Pacific Realty (Kingsway) 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.

$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.

Land & Development

ZoningRABylaw (PDF) ↗

Lot size38,638 sqft

Lot dimensions170 × 239 ft

Lot shapeRectangular

Gradegentle

Ground rises about 3.9 m from front to back (5.2% grade).

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~38,823 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.