5479 124b St, Surrey BC - Single Family Residence for Sale - MLS# R3126531

$2,300,000
Est. Mortgage $10,175/mo
7 Beds
7 Baths
6765 sqft
340 $ /sqft
2006 built
8.0% price reduction, 25.85% cheaper than comparables
$2,300,000
$2,500,000
Est. $10,175/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

Photos

Property Details for 5479 124b Street

8.0% price reduction 25.85% cheaper than comparables

PANORAMA RIDGE LUXURY LIVING! Situated on a prestigious 20,000 sqft estate lot, this custom-built home offers nearly 7,000 sqft of elegant living space in one of Surrey's most sought-after communities. Designed for both everyday comfort & entertaining, the home features 7 bedrooms, 7 bathrooms, a private-entry office, soaring ceilings, oversized windows, & a chef-inspired kitchen. The main floor includes a luxurious primary suite with spa-like ensuite & walk-in closet, while upstairs offers 3 spacious bedrooms, each with its own ensuite and walk-in. The lower level features a theatre room, full bar, large recreation area, and 3 additional bedrooms with separate access. Complete with a triple garage, ample parking, manicured grounds, and close to golf, schools, shopping, & commuter routes.

Interior Features

Basement Finished Area (sqft) 2792
Basement Features Finished, Exterior Entry
Fireplace 4
Heating Type Forced Air, Natural Gas, Radiant
Cooling Central Air
Laundry In Unit
# of Kitchens 3
Flooring Wall/Wall/Mixed
Foundation Concrete Perimeter

Exterior Features

Roof Metal, Concrete
Structures Residential Detached

Building Details

Price $2,300,000
Total Bedrooms 7
Total Bathrooms 7
Full Bathrooms 6
Half Bathrooms 1
Floor Area Total (sqft) 6765
Year Built 2006
Age Of Building 20
Building Type Single Family Residence
Property Type Residential
Stories 2
Ownership Type Freehold NonStrata
Utility Type Community, Electricity Connected, Natural Gas Connected
Utility Sewer Community, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Garage Triple, Front Access
Total Parking Spaces 3
Rental Suites Unauthorized Suite

Lot & Land

Lot Size 20037
Lot Size Depth Feet
Lot Size Frontage 45.54
MLS® # R3126531
Area Surrey
Neighbourhood Panorama Ridge
City Surrey
Postal Code V3X 3T1
Gross Taxes $13,252.45
Zoning RU-3

Property Timeline

Status Date Price
R3126531 / Active 05-19-2026 $2,300,000
R3118315 / Terminated 05-01-2026 $2,499,999
R3079586 / Expired 01-14-2026 $2,499,999
R3058097 / Terminated 10-15-2025 $2,899,999
R2973501 / Expired 03-04-2025 $2,999,999
R2960125 / Terminated 01-25-2025 $2,999,999
Rooms
Floor Type Dimensions
Main Level Living Room 18'0 x 18'0 ft
Main Level Family Room 19'0 x 19'0 ft
Main Level Dining Room 18'0 x 18'0 ft
Main Level Kitchen 20'0 x 20'0 ft
Main Level Wok Kitchen 11'0 x 11'0 ft
Main Level Nook 11'0 x 11'0 ft
Main Level Office 14'0 x 14'0 ft
Main Level Primary Bedroom 20'0 x 20'0 ft
Above Level Primary Bedroom 20' x 20' ft
Above Level Bedroom 13'0 x 13'0 ft
Above Level Bedroom 13'0 x 13'0 ft
Below Recreation Room 37'0 x 37'0 ft
Below Living Room 16'6 x 16'6 ft
Below Kitchen 16'6 x 16'6 ft
Below Bedroom 16'10 x 16'10 ft
Below Bedroom 18'0 x 18'0 ft
Below Bedroom 13'0 x 13'0 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #2
Main Level No #4
Above Level No #4
Above Level No #4
Above Level No #4

Listed by: Royal LePage - Wolstencroft

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

Elementary
Colebrook Elementary School
Average
0.28 km
5.4/10

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

Private Schools

Elementary
Al-Mustafa School
0.17 km
Elementary,Secondary
Regent Christian Online Academy
Above Average
5.8 km
8.2/10

Closest Transit

Bus Stop
Eastbound New McLellan Rd @ 124 St
0.21 km
Skytrain
Skytrain @ 152 St Station ( Under Construction till 2029)
8.99 km

Crime Rate

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

Demographics

Post-Secondary Education
Above Average
33.1%
No Certificate/Degree
Below Average
12.1%
Owner Occupied
Below Average
52.5%
Employment Rate
Average
61.5%

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
Unlikely
Close to Cemeteries
Unlikely

Sell Speed & Competition

70 / 100
Overall sell-speed score
Likely within weeks
A+
Price competition grade
Avg comparable: $2,894,550
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 8.99 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How PANORAMA RIDGE compares
This property
52 DOM
Listed
Panorama Ridge avg
Surrey avg

5479 124b Street has a sell-speed score of 70/100, placing it in the "Expected to sell within weeks" band. The listing is priced 25.9% below comparable active properties in Panorama Ridge, which is a strong competitive signal. Based on these signals, EstateBlock predicts this listing is likely to sell within a few weeks.

Climate Risk for V3X 3T1

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3X 3T1, 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 4.5 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: North Delta, Delta (~6.5 km). Annual avg AQHI 2.1 — 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 5479 124b Street

Walkability & Transit Near 5479 124b Street

Walk Score Badge
Car-Dependent 29

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 31

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
36

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 5479 124b Street

2026 assessed value, sourced from City of Surrey open data (PID 025-747-134).
Total Assessed Value (2026)
$2,722,000
2026 Value Trend
Land
$1,875,000
Buildings
$847,000
Year Built
N/A
Class
N/A
Zoning
R1
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $1,875,000 $847,000 $2,722,000

Mortgage Calculator for 5479 124b Street

/month
Principal & Interest
Property Taxes $1,104
Maintenance fee 0
A 20% down payment of $460,000 on this $2,300,000 listing yields an estimated mortgage of $8,784/month (30-year fixed, 4%). Total estimated housing cost: $9,888/month, $1,104 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
With $6,766/month in estimated rental income against $10,095/month in mortgage payments, the monthly cashflow is -$3,329/month. A 51% down payment would reach break-even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Panorama Ridge, Surrey

Beds Home Types Square Feet Lot Size Year Built
This Home $2,300,000
Surrey Loading...
Panorama Ridge Loading...

No active comparable properties are currently available for this property type in Surrey. The price evaluation chart will update as similar listings enter the market. This property is flagged as a Hot Deal (8.0% price reduction, 25.85% cheaper than comparables) based on its competitive pricing and market demand.

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 5479 124b Street

Walk Score Badge
Car-Dependent 29

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 31

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
36

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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