5950 124a St, Surrey BC - Land for Sale - MLS# R3139953

$1,199,879
Est. Mortgage $5,308/mo
0 sqft
$1,199,879
Est. $5,308/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 5950 124a Street

Ready to build 6572 Square foot vacant lot in a very desirable area of Panorama Ridge, Surrey BC. Front is 50 feet and Depth is 130 feet. Three story house allowed on the slot and garden suite can be built under new joining R3. Building Plan Submitted to City of Surrey and ready for Pick up. Close to both levels of schools. Easy access to highway 10 BC, Alex Fraser Bridge and Airport.

Exterior Features

Structures Land Only

Building Details

Price $1,199,879
Property Type Land
Ownership Type Freehold NonStrata
Utility Type Sanitary Sewer At Lot Line, Storm Sewer At Lot Line, Electricity At Lot Line, Natural Gas At Lot Line, Natural Gas Connected, Cable Connected
Water (WaterSource) Public

Lot & Land

Lot Size 6572
Lot Size Depth Feet
Lot Size Frontage 50
MLS® # R3139953
Area Surrey
Neighbourhood Panorama Ridge
City Surrey
Postal Code V3X 1X3
Gross Taxes $5,881.98
Zoning R3

Property Timeline

Status Date Price
R3139953 / Active 06-24-2026 $1,199,879

Listed by: Royal LePage Global Force 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.

Map & Neighbourhood

Public Schools

Elementary
J T Brown Elementary School
Average
0.11 km
4/10
Secondary
Tamanawis Secondary School
Average
1.36 km
5.6/10

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

Private Schools

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

Closest Transit

Bus Stop
Southbound 124 St @ 59A Ave
0.14 km
Skytrain
Skytrain @ Green Timbers 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
22.8%
No Certificate/Degree
Above Average
20.4%
Owner Occupied
Average
62%
Employment Rate
Above Average
76.4%

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

48 / 100
Overall sell-speed score
Moderate pace expected
B
Price competition grade
Avg comparable: $1,199,879
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 8.13 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 PANORAMA RIDGE compares
This property
15 DOM
Listed
Panorama Ridge avg
Surrey avg

5950 124a Street has a sell-speed score of 48/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced in line with comparable active properties in Panorama Ridge. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V3X 1X3

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3X 1X3, 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 (~5.6 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 5950 124a Street

Walkability & Transit Near 5950 124a Street

Walk Score Badge
Car-Dependent 39

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 40

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
45

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 5950 124a Street

2026 assessed value, sourced from City of Surrey open data (PID 031-267-505).
Total Assessed Value (2026)
$1,173,000
2026 Value Trend
Land
$1,173,000
Buildings
$0
Year Built
N/A
Class
N/A
Zoning
R3
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $1,173,000 $0 $1,173,000

Mortgage Calculator for 5950 124a Street

/month
Principal & Interest
Property Taxes $490
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($239,976), the estimated monthly payment for this listing is $5,073/month — $4,583 principal & interest, $490 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
At an estimated rental income of $3,522/month, this property runs a $1,704/month shortfall after mortgage and carrying costs. Break-even requires approximately 50% down.
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 $1,199,879
Surrey Loading...
Panorama Ridge Loading...

Based on 3 comparable active properties in Panorama Ridge, the average asking price is $1,151,293. This listing is priced 4.2% above 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

Earn Cashback on Your Purchase

Potential Cashback for this listing if you buy with us

$0
out of $7,924
0 of 38 missions

Sign up on Estateblock.com

$396 / 5.00%

Sign up on EstateBlock.com

$158 / 2.00%

Buy with us & save on this property

Walkability & Transit Near 5950 124a Street

Walk Score Badge
Car-Dependent 39

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 40

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
45

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Similar Lands for Sale in Surrey