11208 Wallace Dr, Surrey BC - Land for Sale - MLS# R3090439

$1,167,000
Est. Mortgage $5,163/mo
0 sqft
$1,167,000
Est. $5,163/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
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Property Details for 11208 Wallace Drive

Design your dream home on this remarkable bare land in Bolivar Heights! Set on a peaceful street, this level lot spans an impressive 9142 sqft, offering endless possibilities for creating your ideal living space. With no existing structures, you have the freedom to customize every detail. All services are readily available, streamlining the building process. Embrace the convenience of nearby parks, schools, recreational amenities, shopping centers, and excellent transit options. This central location also provides easy access to highways, simplifying your daily commute and opening up a world of recreational activities. Don't miss this exceptional opportunity to build the home you've always envisioned. Contact us today and turn your dreams into reality!

Exterior Features

View Description Potential water and mountain
Structures Land Only

Building Details

Price $1,167,000
Property Type Land
Ownership Type Freehold NonStrata
Community Features Near Shopping
Utility Type Sanitary Sewer Available, Storm Sewer Available, Electricity Available, Natural Gas Available, Phone Nearby, Cable Available
Water (WaterSource) Public

Lot & Land

Lot Size 9142
Lot Size Depth Feet
Lot Size Frontage 70
MLS® # R3090439
Area North Surrey
Neighbourhood Bolivar Heights
City Surrey
Postal Code V3R 5T1
Gross Taxes 0
Zoning RF

Property Timeline

Status Date Price
R3090439 / Active 02-17-2026 $1,167,000
R2975288 / Terminated 03-10-2025 $1,325,000
R2839830 / Terminated 01-08-2024 $1,598,000

Listed by: Royal Pacific Realty Corp.

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.

Map & Neighbourhood

Public Schools

Secondary
Guildford Park Secondary School
1.13 km
Elementary
Ellendale Elementary School
0.56 km

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

Private Schools

Elementary
Iqra School
Above Average
0.93 km
9.7/10
Secondary
Honour Secondary School
0.8 km

Closest Transit

Bus Stop
Northbound Wallace Dr @ Ellendale Dr
0.09 km
Skytrain
Skytrain @ Gateway Stn
2.82 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Below Average
Property Crime Rate
Average

Demographics

Post-Secondary Education
Below Average
11.3%
No Certificate/Degree
Above Average
15.5%
Owner Occupied
Average
67%
Employment Rate
Above Average
69.6%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Sell Speed & Competition

36 / 100
Overall sell-speed score
May take longer
D
Price competition grade
Avg comparable: $924,964
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 2.82 km from station
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How BOLIVAR HEIGHTS compares
This property
142 DOM
Listed
Bolivar Heights avg
Surrey avg

11208 Wallace Drive has a sell-speed score of 36/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 20.7% above comparable active properties in Bolivar Heights. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V3R 5T1

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3R 5T1, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality A / Excellent

Annual avg PM2.5 4.1 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Port Moody Rocky Point Park, Port Moody (~8.7 km). Annual avg AQHI 1.8 — Low Risk.

Heat Moderate

Surrey currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~8 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30 °C baseline, ~32.5 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.

Precipitation Increasing

Annual precipitation ~1516 mm (1981–2010 baseline), projected ~1574 mm by the 2050s. Extreme 1-day rainfall: ~51.5 mm baseline, ~57.1 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~23 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 11208 Wallace Drive

Pre-computed routes from 11208 Wallace Dr, Surrey, BC

By transit (Skytrain)

  • Downtown Vancouver via Gateway → Waterfront
    73 min
  • Metrotown, Burnaby via Gateway → Metrotown
    55 min
  • SFU Burnaby via Gateway → Production Way
    53 min
  • Richmond Centre via Gateway → Brighouse
    98 min
  • YVR Airport via Gateway → YVR-Airport
    99 min

By car (off-peak)

  • Downtown Vancouver via HWY 1 / Grandview
    28 min
  • Metrotown, Burnaby via Lougheed Hwy
    17 min
  • SFU Burnaby via Gaglardi Way
    11 min
  • Richmond Centre via No. 3 Rd
    29 min
  • YVR Airport via Bridgeport / Sea Island
    32 min

Calculate your commute

11208 Wallace Dr, Surrey, BC is ideally located for commuters. The property is 2.8 km from Gateway, with a 73 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Northbound Wallace Dr @ Ellendale Dr (0.09 km). Walk Score Transit rating: Some Transit (38/100).

Walkability & Transit Near 11208 Wallace Drive

Walk Score Badge
Car-Dependent 68

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 38

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
35

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 11208 Wallace Drive

2026 assessed value, sourced from City of Surrey open data (PID 031-712-479).
Total Assessed Value (2026)
$1,157,000
2026 Value Trend
Land
$1,157,000
Buildings
$0
Year Built
N/A
Class
N/A
Zoning
R3
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $1,157,000 $0 $1,157,000

Mortgage Calculator for 11208 Wallace Drive

/month
Principal & Interest
Property Taxes $0
Maintenance fee 0
Financing 80% of the $1,167,000 asking price over 30 years at 4% results in approximately $4,457/month in total estimated carrying costs.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
This listing generates an estimated $3,426/month in rental income, leaving a -$1,180/month cashflow at current carrying costs. Investors targeting break-even would need roughly 42% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Bolivar Heights, Surrey

Beds Home Types Square Feet Lot Size Year Built
This Home $1,167,000
Surrey Loading...
Bolivar Heights Loading...

Based on 3 comparable active properties in Bolivar Heights, the average asking price is $1,199,000. This listing is priced 2.7% below the neighbourhood average.

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 Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 11208 Wallace Drive

Walk Score Badge
Car-Dependent 68

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 38

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
35

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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