15675 40th Ave, Surrey BC - Single Family Residence for Sale - MLS# R3116588

$3,599,000
Est. Mortgage $15,922/mo
Morgan Creek Area
3 Beds
1 Baths
1047 sqft
3437 $ /sqft
1971 built
$3,599,000
Est. $15,922/mo with 20% down
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

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Property Details for 15675 40th Avenue

First time on the market!Rare opportunity to own 10+ acres of prime farmland in the sought-after Morgan Creek area.Enjoy the best of both worlds-peaceful rural living with modern conveniences minutes away.The updated 3-bedroom rancher is move-in ready, or rent it while planning your dream estate home.Outbuildings include a 26x58 barn and an original "cabin" dating back to the 1940-50's.CITY WATER is a valuable bonus.The property features incredibly rich "black gold" soil, natural black peat considered the most fertile in the province.The Nicomekl River borders the rear of the property, where you can enjoy stunning sunsets and unobstructed views of North Shore Mtns. Walk next door to Mary's Garden market, and enjoy quick access to all major routes. Excellent schools, rec and shopping close.

Interior Features

Basement Finished Area (sqft) 0
Basement Features Crawl Space
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Fireplace 1
Heating Type Electric, Forced Air, Natural Gas
# of Kitchens 1
Flooring Mixed
Foundation Concrete Perimeter

Exterior Features

Exterior Features No Outdoor Area, Private Yard
View Description Mountain, valley and river
Roof Asphalt
Structures Residential Detached

Building Details

Price $3,599,000
Total Bedrooms 3
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 1047
Year Built 1971
Age Of Building 55
Building Type Single Family Residence
Property Type Residential
Architecture Style Rancher/Bungalow
Stories 1
Building Name Morgan Creek Area
Ownership Type Freehold NonStrata
Community Features Gated
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Septic Tank
Water (WaterSource) Public
Parking Type None, Open, Front Access, Gravel
Total Parking Spaces 8
Rental Suites None

Lot & Land

Lot Size 10.23
Lot Size Depth Feet
Lot Size Frontage 280
MLS® # R3116588
Area Cloverdale
Neighbourhood Serpentine
City Surrey
Postal Code V3Z 1E6
Gross Taxes $894.37
Zoning A1

Property Timeline

Status Date Price
R3116588 / Active 04-28-2026 $3,599,000
Rooms
Floor Type Dimensions
Main Level Living Room 18'8 x 18'8 ft
Main Level Dining Room 8'4 x 8'4 ft
Main Level Kitchen 8'11 x 8'11 ft
Main Level Mud Room 8'6 x 8'6 ft
Main Level Primary Bedroom 10'7 x 10'7 ft
Main Level Bedroom 9' x 9' ft
Main Level Bedroom 9'5 x 9'5 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4

Listed by: Macdonald Realty (Surrey/152)

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
Earl Marriott Secondary School
4.8 km

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

Private Schools

Elementary, Secondary
Southridge School
Above Average
2.83 km
10/10
Elementary, Secondary
Southridge School
Above Average
2.83 km
10/10

Closest Transit

Bus Stop
Northbound 152 St @ 40 Ave
0.94 km
Skytrain
Skytrain @ Hillcrest/ 184 st Station ( Under Construction till 2029)
8.13 km

Crime Rate

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

Demographics

Post-Secondary Education
Below Average
19.3%
No Certificate/Degree
Above Average
18%
Owner Occupied
Average
62.9%
Employment Rate
Average
58.7%

Noise/ Power Lines

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

Other

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

Sell Speed & Competition

No data
Overall sell-speed score
Moderate pace expected
Price competition grade
No comparable data
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Possible — flood zone
Railway / Skytrain noise
Unlikely — 8.13 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How SERPENTINE compares
This property
72 DOM
Listed
Serpentine avg
Surrey avg

15675 40th Avenue has a sell-speed score of 48/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V3Z 1E6

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3Z 1E6, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Elevated Risk

Located within a designated flood hazard area. Higher likelihood of localized high-water events 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 4.6 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Surrey East, Surrey (~9.4 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 15675 40th Avenue

Walkability & Transit Near 15675 40th Avenue

Walk Score Badge
Car-Dependent 12

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 29

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
33

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 15675 40th Avenue

2026 assessed value, sourced from City of Surrey open data (PID 011-201-029).
Total Assessed Value (2026)
$69,700
2026 Value Trend
Land
$0
Buildings
$69,700
Year Built
N/A
Class
N/A
Zoning
A1
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $0 $69,700 $69,700

Mortgage Calculator for 15675 40th Avenue

/month
Principal & Interest
Property Taxes $75
Maintenance fee 0
Financing 80% of the $3,599,000 asking price over 30 years at 4% results in approximately $13,821/month in total estimated carrying costs, $75 property tax.
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 $8,100/month in rental income, leaving a -$5,983/month cashflow at current carrying costs. Investors targeting break-even would need roughly 55% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Serpentine, Surrey

Beds Home Types Square Feet Lot Size Year Built
This Home $3,599,000
Surrey Loading...
Serpentine Loading...

Based on 2 comparable active Single Family Residences in Serpentine, the average asking price is $3,599,000. This listing is priced 0% 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 15675 40th Avenue

Walk Score Badge
Car-Dependent 12

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 29

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
33

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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