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Rare opportunity in prestigious Panorama Ridge! This 30,000 sq. ft. lot (approx 167 ft. x 167 ft.) offers exceptional potential for your dream estate or future development. The property features an existing well-maintained home with tenant in place, providing immediate rental income while you plan your vision. Situated in one of Surreys most sough-after neighbourhoods, this prime location combines generous dimensions, strong investment appeal, and the flexibility to build, hold, or redevelop in a prestigious setting.
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Property History
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| Status | Date | Price |
|---|
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 18' x 18' ft |
| Main Level | Dining Room | 11'6 x 11'6 ft |
| Main Level | Kitchen | 14' x 14' ft |
| Main Level | Foyer | 20' x 20' ft |
| Above Level | Primary Bedroom | 16' x 16' ft |
| Above Level | Bedroom | 11'6 x 11'6 ft |
| Above Level | Bedroom | 11' x 11' ft |
| Below | Bedroom | 11'6 x 11'6 ft |
| Below | Laundry | 10'6 x 10'6 ft |
| Below | Living Room | 22'6 x 22'6 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Above Level | No | #3 |
| Above Level | No | #5 |
| Below | No | #2 |
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
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As we step into the vibrant community of Panorama Ridge, you'll discover a sense of warmth and belonging that makes this neighborhood truly special. Located in the heart of Surrey, BC, this stunning property with MLS® R3047297 boasts an unbeatable blend of convenience, comfort, and lifestyle amenities.
We're proud to serve the esteemed Colebrook Elementary School, a renowned institution that has a rating of No Rating. As a resident of this property, you'll enjoy a short 0.34 km commute to school, making it an ideal choice for families. Panorama Ridge Secondary School is also nearby, with a rating of No Rating and a comfortable 2.14 km distance from your doorstep.
For those seeking alternative educational options, we're pleased to recommend St. Bernadette Elementary Independent School, rated 8.5/10 and located a scenic 2.31 km away. For secondary education, Regent Christian Academy stands out, boasting a rating of 8.1/10 and a 5.62 km distance from your home.
According to the latest crime statistics from Statistics Canada (2020), the neighbourhood surrounding 12526 56 Avenue, Surrey, BC boasts an impressive 7,512.73 overall crime rate, which is Average compared to other Canadian cities. The year-over-year change in the total crime rate is a stunning -12.05%, demonstrating a clear commitment to community safety.
The Westbound 56 Ave @ 125A St bus station is just 0.03 km away from your front door, making public transportation a convenient option. With a population density of 401.2 people per square kilometre, this community offers a comfortable balance of space and accessibility.
The unemployment rate in this area is a Low 2.2%, making it an attractive choice for job seekers. Population growth between 2011 and 2016 was 3.6%, Above Average in comparison to this region.
The average size of families in this area is 3.1, which is Above Average. 61.5% of families have children, and 63.8% of residents are married or living common law, both Above Average statistics.
The average age of the population is 43.6, which is Above Average in comparison to other BC cities. The average value of dwellings in this neighbourhood is a staggering $1,600,130, High compared to other areas in British Columbia.
Average Owner payments are High in this area, with owners spending $2,139 on average for their dwellings. Tenants pay $1,761, also High compared to other cities.
11% of the population in this area are renters, which is Below Average. English and French speakers make up 5.7% of the population, while 89.9% speak only English. 4.4% of residents speak neither English nor French, making this neighbourhood Average in language diversity.
93.4% of residents use cars, which is Above Average. 1.3% of residents use public transportation, while 1.3% use bicycles, and 1.3% walk, making this area Average to Low in transportation diversity.
At 12526 56 Avenue, you'll discover a vibrant community that offers something for everyone. From excellent schools to a safe and welcoming environment, this property with MLS® R3047297 is the perfect blend of convenience, comfort, and lifestyle amenities.
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