5587 King George Blvd, Surrey, BC, MLS® R3035826

$2,980,000
Est. Mortgage /mo

$2,980,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
3 Beds
2 Baths
2 Stories
lot 40641 sqft
3466 sqft
1969 built
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Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

Property details

Excellent opportunity to acquire almost 1 acre of land in prestigious Panorama Ridge, Surrey. This property falls within the Frequent Bus Stop Area, offering potential for higher density redevelopment (verify with City of Surrey). The lot features easy access to stormwater connection, sewer connection available on Trites Rd. Existing home is an older rancher with basement. Value is in the land. Potential for panoramic water views with future subdivision. To be sold together with 2 adjacent properties (5567 & 5577 King George) for a total land assembly of approx. 1.9 acres. Ideal for developers or land investors looking to capitalize on Surrey’s growth.

General Info

Price $2,980,000
Total Bedrooms 3
Total Bathrooms 1
Half Bathrooms 1
Floor Area Total (sqft) 3466
Lot Size 40641.48
Lot Size Depth Feet
Lot Size Frontage 103.18
Basement Full
Basement Features BasementFeatures

Property Metrics

Year Built 1969
Age Of Building 56
Building Type Single Family Residence
Property Type Residential
Architecture Style Rancher/Bungalow w/Bsmt.
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS # R3035826
Area Surrey
Neighbourhood Panorama Ridge
City Surrey
Gross Taxes $6,265.18
Ownership Type Freehold NonStrata
Maintenance Fee -

Heating & Cooling

Fireplace 1
Heating Type Forced Air, Natural Gas, Wood

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Septic Tank
Water (WaterSource) Public

Parking

Parking Type Additional Parking, Carport Multiple, RV Access/Parking, Front Access, Driveway
Total Parking Spaces 10

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Strata Restrictions -
Rental Restrictions -
Zoning R1
Rental Suites None
Laundry In Unit
# of Kitchens 1
Flooring Laminate, Other, Carpet
Foundation Concrete Perimeter
Interior Features Vaulted Ceiling(s)
Locker -
View 1
View Description Greenbelt
Units In Development -
Exterior Features Garden, Balcony, Private Yard
Sewer Septic Tank
Roof Asphalt, Wood

Property History

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Status Date Price
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Listed by: Luxmore Realty

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.

Neighborhood Info

Public Schools

Elementary
Colebrook Elementary School
3.12 km
No Rating
Secondary
Panorama Ridge Secondary School
2.36 km
No Rating

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
St. Bernadette
2.78 km
No Rating
Elementary, Secondary
Regent Christian Academy
2.89 km
No Rating

Closest Transit

Translink
Southbound King George Blvd @ Hwy 10
0.2 km

5587 King George Boulevard is serviced by Colebrook Elementary School. The property with listing MLS® R3035826 is located 3.12 km from the school. Colebrook Elementary School has a rating of No Rating.

This home with address 5587 King George Boulevard, Surrey, BC is also serviced by Panorama Ridge Secondary School and located 2.36 km from it. Panorama Ridge Secondary School has a rating of No Rating.

The closest Elementary independent school to this home for sale located at 5587 King George Boulevard is St. Bernadette with School's rating No Rating, located 2.78 km from this home.

The closest to this address 5587 King George Boulevard Secondary independent school is Regent Christian Academy with School's rating No Rating, located 2.89 km from this home

The freshest crime data from Statistics Canada are from 2020. There were 44,976 volation disturbances in this neighbourhood. The overall crime rate near the address - 5587 King George Boulevard, Surrey, BC is 7,512.73. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has Average rate in 2020. Year by year change in the total crime rate is -12.05%

Drug crime rate next to the listing MLS® R3035826 is Above Average comparing to other neighbourhoods. The illegal substances offences rating is 390.7. There were 2,339 illegal substances lawbreaking disturbances in this city in 2020 . Year by year change in the illegal substances offences ranking is 16.32%

Property crimes in the neighbourhood close to real estate listing for sale 5587 King George Boulevard are Average. Property misconduct rating adjacent to MLS® R3035826 is 3,746.17. There were 22,427 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -16.98%

There were 7,844 violent lawbreaking disorders in 2020. 1,310.25 and it is Below Average rate comparing to other BC municipalities. Year by year change in the violent crime rate is -11.37%

The closest Bus station is Southbound King George Blvd @ Hwy 10 in 0.2 km away from this listing with - MLS® R3035826.

23% of people with university certificate/degree live in this neighbourhood adjacent to the 5587 King George Boulevard which is Above Average in comparison with other BC neighbourhoods. 19.7% of population in this neighbourhood that is near the Listing MLS® R3035826 have no certificate or degree. This number is Average compared to the average in BC.

Median Household Income near this dwelling with the address 5587 King George Boulevard, Surrey, BC is $97728 which is High in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R3035826 is $33830 which is Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 73.2% which is High.

Unemployment rate in the area around Real Estate Listing # R3035826 is 5.3 which is Low in comparison to the other province neighbourhoods.

This real estate is located in 5587 King George Boulevard Panorama Ridge where population change between 2011 and 2016 was 39.7%. This is High in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 5587 King George Boulevard, Surrey, BC is 1254.5 which is Average people per sq.km.

Average size of families in the area adjacent to home for sale 5587 King George Boulevard is 3.1. This is Above Average number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R3035826 is 72.2% and it is High. % of Married or living common law is around 60.1% and it is Average.

Average age of the population close to the 5587 King George Boulevard is 36.9 . This percentage is Low in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 5587 King George Boulevard, Surrey, BC is $880172 and this is High comparing to other areas in British Columbia

Average Owner payments are High in the area adjacent to 5587 King George Boulevard. $1849 owners spent in average for the dwelling. Tenants are paying $1206 in this district close to MLS® R3035826 and it is Above Average comparing to other cities.

21.4% of Population in this district near the 5587 King George Boulevard are Renters and it is Average comparing to other BC cities and areas.

% of English and French speakers around real estate listing 5587 King George Boulevard, Surrey, BC is 5.1%, it is Below Average, % of English speakers only is 90% and Average. % of Neither English nor French speakers close to home for sale 5587 King George Boulevard, Surrey, BC is 4.7% and it is High comparing to other BC cities.

10.3% of all population in the area around this property with the address 5587 King George Boulevard, Surrey, BC using Public Transport which is Average, 87.1% of using population are using Cars around MLS® R3035826, which is Average. 0% of people using Bicycles around the 5587 King George Boulevard and it is . 1.8% of population are walking which is Low

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $2,980,000
Surrey No comparables
Panorama Ridge No comparables
Data is based on list prices of similar active listings. 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
778-918-5990
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Similar Sold listings

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12448 55 Avenue, Surrey, BC

3 Beds
4 Baths
4358 sqft
1975 built
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