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$2,980,000

5587 KING GEORGE BOULEVARD

Surrey BC V3X 3G1 - Panorama Ridge

3 bd

1.5 ba

3,466 sqft

Built 1969

About This Property

Nearly 1 acre in desirable Panorama Ridge, with redevelopment potential in a Frequent Bus Stop Area. Stormwater access is nearby, sewer connection is available on Trites Road, and future subdivision may offer panoramic water views. The value is in the land. Buyers to confirm development potential with the City of Surrey. To be sold with adjacent 5567 and…

Features

Vaulted Ceiling(s)

Garden

Balcony

Private Yard

Additional Parking

Carport Multiple

Front Access

Driveway

Room measurements6 rooms▸

Living RoomMain · 14' × 18'

KitchenMain · 11' × 14'

Primary BedroomMain · 14' × 18'

BedroomMain · 12' × 16'

BedroomMain · 10' × 12'

Recreation RoomBsmt · 40' × 40'

Property Details

MLS NumberR3169757

Property TypeSingle Family Residence

Bedrooms3

Bathrooms1.5

Square Feet3,466

Lot Size40,641.48 sqft

Year Built1969

Parking Spaces2

HeatingForced Air, Natural Gas, Wood

Days on Market2

StatusActive

Listed ByLuxmore Realty

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.

$1,300,000Median home value

$114,000Median household income

69%Owner-occupied

29.1%Single-detached homes

3.4Avg household size

35.6Median age

37.7%Bachelor's degree or higher (25-64)

50.4%Commute under 30 min

84.8%Drive to work

47.2%Foreign-born residents

6,811Neighbourhood population

Age

Under 1516.1%
15 to 6472.2%
65 and over11.7%

Household size

1 person14.2%
223.3%
318.6%
422%
5 or more22%

Language spoken at home

36.2% English mother tongue

Punjabi36.2%
English + other7.1%
Hindi3.4%
Tagalog2.6%
Urdu1.3%
Mandarin1.2%
All others12%

Mother tongue, share of 6,525 residents.

How this pocket differs

fewer children under 15 than Sullivan Station 16.1% vs 20.8%
more seniors 65+ than Sullivan Station 11.7% vs 9.3%
more Punjabi speakers than Sullivan Station 36.2% vs 27.5%
Median household income is higher than Metro Vancouver $114,000 vs $90,000
Median dwelling value is higher than Metro Vancouver $1,300,000 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 size40,447 sqft

Lot dimensions66 × 389 ft

Lot shapeIrregular

Grademoderate

Ground rises about 15.6 m from front to back (13% 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~40,641 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.