12783 56 Ave, Surrey BC - Single Family Residence for Sale - MLS# R3169886

2 days on the market
$2,000,000
Est. Mortgage $8,848/mo
Listing updated:
EstateBlock checked:
3 Beds
1 Baths
1869 sqft
1070 $ /sqft
1928 built
NEW
2 days on the market
$2,000,000
Est. $8,848/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 12783 56 Avenue

Rare Panorama Ridge land assembly opportunity with ocean views. This 0.89-acre corner property features a tenant-occupied three-bedroom home, offering rental income while a buyer plans for the future. Three neighbouring vacant lots, totalling approximately 1.3 additional acres, are also listed for sale. Together, the four parcels offer approximately 2.19 acres. Each property has its own MLS® listing, asking price and detailed description; the price shown here is for 12783 56 Avenue only. Buyers interested in the full assembly should review all four listings and verify zoning, servicing and development options with the City of Surrey.

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Heating Type Propane
# of Kitchens 0
Foundation Slab

Exterior Features

View Description Ocean View
Roof Asphalt
Structures Residential Detached

Building Details

Price $2,000,000
Total Bedrooms 3
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 1869
Year Built 1928
Age Of Building 98
Building Type Single Family Residence
Property Type Residential
Stories 1
Ownership Type Freehold NonStrata
Utility Type Unknown
Utility Sewer Public Sewer
Water (WaterSource) Public
Parking Type Detached, RV Access/Parking
Total Parking Spaces 4

Lot & Land

Lot Size 38768
Lot Size Depth Feet
Lot Size Frontage 240
MLS® # R3169886
Area Surrey
Neighbourhood Panorama Ridge
City Surrey
Postal Code V3X 2Y7
Gross Taxes $6,854.19
Zoning RA

Property Timeline

Status Date Price
R3169886 / Active 09-25-2026 $2,000,000
Rooms
Floor Type Dimensions
Main Level Living Room 10' x 10' ft
Main Level Bedroom 10' x 10' ft
Main Level Bedroom 10' x 10' ft
Main Level Bedroom 10' x 10' ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3

Listed by: Royal Pacific Lions Gate Realty Ltd.

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 0.54 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
0.62 km
Elementary,Secondary
Regent Christian Online Academy
Above Average 5.1 km 8.2/10

Closest Transit

Bus Stop
Eastbound 56 Ave @ 128 St
0.03 km
Skytrain
Skytrain @ 152 St Station ( Under Construction till 2029)
8.39 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
Unlikely
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Possible

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
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)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 8.39 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Possible — power corridor nearby
ALR (Agricultural Land Reserve)
No — not in ALR
How PANORAMA RIDGE compares
This property
2 DOM
Listed
Panorama Ridge avg
—
—
Surrey avg
—
—

12783 56 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 V3X 2Y7

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3X 2Y7, 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 (~6.4 km). Annual avg AQHI 2.1 — Low Risk.

Heat Moderate

Surrey currently sees ~1 day 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

Transit (1 nearby)

  • Bus stop eastbound hwy 10 @ 132 st · 987 m · Transit

Schools NearBy

14 Schools are within 3km

School Type Grades Served Catchment Info Rating Distance

Colebrook Elementary School

Public

Grades Served

K-7

Catchment Info

In Catchment
5.4 / 10

Distance

541 m

Al-Mustafa School

Independent

Grades Served

—

Catchment Info

—
0

Distance

618 m

J T Brown Elementary School

Public

Grades Served

K-7

Catchment Info

—
4.0 / 10

Distance

907 m

Panorama Park Elementary School

Public

Grades Served

K-7

Catchment Info

—
4.5 / 10

Distance

1.14 KM

Boundary Park Elementary

Public

Grades Served

—

Catchment Info

—
6.5 / 10

Distance

1.68 KM

North Ridge Elementary School

Public

Grades Served

K-7

Catchment Info

—
3.4 / 10

Distance

1.79 KM

Tamanawis Secondary School

Public

Grades Served

8-12

Catchment Info

—
5.6 / 10

Distance

2.00 KM

St. Bernadette

Independent

Grades Served

K-7

Catchment Info

—
8.6 / 10

Distance

2.01 KM

Beaver Creek Elementary School

Public

Grades Served

K-7

Catchment Info

—
4.0 / 10

Distance

2.04 KM

St Bernadette

Independent

Grades Served

—

Catchment Info

—
8.6 / 10

Distance

2.06 KM

Martha Jane Norris Elementary School

Public

Grades Served

K-7

Catchment Info

—
4.4 / 10

Distance

2.09 KM

Henry Bose Elementary School

Public

Grades Served

K-7

Catchment Info

—
3.8 / 10

Distance

2.28 KM

Pinewood Elementary School

Public

Grades Served

K-7

Catchment Info

—
6.0 / 10

Distance

2.35 KM

Gabrielle-Roy

Public

Grades Served

—

Catchment Info

—
6.1 / 10

Distance

2.73 KM

Walkability & Transit Near 12783 56 Avenue

Walk Score Badge
Car-Dependent 31

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 — 12783 56 Avenue

2026 assessed value, sourced from City of Surrey open data (PID 010-039-091).
Total Assessed Value (2026)
$1,738,800
2026 Value Trend
Land
$1,707,000
Buildings
$31,800
Year Built
N/A
Class
N/A
Zoning
RA
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $1,707,000 $31,800 $1,738,800 —

Mortgage Calculator for 12783 56 Avenue

/month
Principal & Interest
Property Taxes $571
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($400,000), the estimated monthly payment for this listing is $8,210/month — $7,639 principal & interest, $571 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 $5,088/month, this property runs a $3,330/month shortfall after mortgage and carrying costs. Break-even requires approximately 55% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 12783 56 Avenue, Surrey

Buy Vs Rent Calculator

— / month
Rent —
Own —
Principal: — Interest, tax, insurance, fees: —

Rent vs own

—

Principal paid off by year 5 —
Principal paid off by year 10 —

Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Price vs Neighbourhood Average — Panorama Ridge, Surrey

Beds Home Types Square Feet Lot Size Year Built
This Home $2,000,000
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.

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

Call or Text Now!

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 13+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 12783 56 Avenue

Walk Score Badge
Car-Dependent 31

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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