Rare offering of 2 adjacent parcels totaling almost 1 acre in the desirable Panorama Ridge area of Surrey. The property includes an older 2-storey home with little to no value. Value is in the land. Located within the Frequent Bus Stop Area, presenting potential for increased density (buyers to confirm with City of Surrey). To be sold together with the third adjacent property (5587 King George Blvd) for a total land assembly of approx. 1.9 acres. Excellent redevelopment potential with stormwater nearby and sewer connection available on Trites Rd. Potential water views with future subdivision.
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Property History
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| Status | Date | Price |
|---|
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 23' x 23' ft |
| Main Level | Kitchen | 11' x 11' ft |
| Main Level | Eating Area | 11' x 11' ft |
| Main Level | Primary Bedroom | 16' x 16' ft |
| Main Level | Bedroom | 12' x 12' ft |
| Main Level | Bedroom | 9' x 9' ft |
| Above Level | Living Room | 14' x 14' ft |
| Above Level | Kitchen | 14' x 14' ft |
| Above Level | Bedroom | 14' x 14' ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #3 |
| Main Level | No | #3 |
| Main Level | No | #3 |
| Above Level | No | #3 |
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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Welcome to 5567- 5577 King George Boulevard, a beautiful property in the heart of Panorama Ridge, Surrey, BC, listed under MLS® R3035854. I'm your trusted realtor, excited to share with you the highlights of this fantastic community.
First, let's talk about the schools. Colebrook Elementary School, located just 3.13 km from this property, has a rating of No Rating, but families love this area because of its excellent education system. Panorama Ridge Secondary School is even closer, at 2.39 km, and is also a highly regarded institution. Plus, for those seeking a private education, St. Bernadette Elementary is just 2.81 km away with a stellar rating of 8.5/10, while Regent Christian Academy Secondary is a 2.9 km drive away, boasting a rating of 8.1/10.
Now, let's dive into the crime statistics. According to the 2020 data from Statistics Canada, this neighbourhood has seen 44,976 reported disturbances, with an overall crime rate of 7,512.73 incidents per 100,000 population. This is Average compared to other Canadian cities, with a notable year-over-year decrease of -12.05%. To put your mind at ease, the drug crime rate next to this listing, MLS® R3035854, is Above Average, with a rating of 390.7 and 2,339 reported incidents in 2020. Property crimes, on the other hand, are Average, with a rating of 3,746.17 and 22,427 reported incidents in 2020. Violent crime rates are also Below Average, with 1,310.25 incidents per 100,000 population and a year-over-year decrease of -11.37%.
As you can see, this community is a safe and welcoming place to call home. But it's not just about safety – it's also about lifestyle. The closest Bus station is just 0.23 km away, making it easy to get around without a car. And with the Southbound King George Blvd @ Hwy 10 station nearby, you'll have access to a range of transportation options.
Now, let's talk about the demographics. In this neighbourhood, 23% of residents have a university certificate or degree, which is Above Average compared to other BC neighbourhoods. On the other hand, 19.7% of residents have no certificate or degree, which is Average compared to the BC average. The median household income is a impressive $97,728, which is High compared to other areas in British Columbia. Meanwhile, the median personal income is $33,830, which is Average compared to the BC average. And with 73.2% of households owning their home, this is a great area for those looking to invest in real estate.
Another great aspect of living in this community is the relatively low unemployment rate of 5.3%, making it a great place to start a career or business. And with a population growth rate of 39.7% between 2011 and 2016, this area is seeing a lot of new development and opportunities.
This property is also located in a community with a diverse population, with an average age of 36.9 years old, which is Low compared to other BC cities. The average size of families is 3.1, which is Above Average, and 72.2% of families have children, making this a great area for families. Plus, with an average value of dwellings of $880,172, this is a great investment opportunity.
As for the local amenities, you'll find a range of parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, coffee shops, and hospitals nearby. This is a great area for those who want to be close to nature and have easy access to amenities.
In terms of transportation, 87.1% of residents use cars, which is Average, while 10.3% use public transport, which is Average. However, it's worth noting that 1.8% of residents walk, which is Low.
Overall, 5567- 5577 King George Boulevard, Surrey, BC, MLS® R3035854, is a fantastic property in a great community. With its excellent schools, safe and welcoming atmosphere, diverse demographics, and range of local amenities, this is a great place to call home. So why not schedule a viewing today and see for yourself why this property is a top choice for homebuyers in the area?
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