12921 56 Ave, Surrey BC - Single Family Residence for Sale - MLS# R3150097

68 days on the market
$4,500,000
Est. Mortgage $19,908/mo
Listing updated:
EstateBlock checked:
Panorama Ridge
5 Beds
3 Baths
3380 sqft
1331 $ /sqft
1935 built
68 days on the market
$4,500,000
Est. $19,908/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 12921 56 Avenue

SUBDIVISION POTENTIAL – APPROX. 3 LOTS! Rare opportunity to own 1.61 acres in prestigious Panorama Ridge. Zoned R1 (½ Acre Residential) with Suburban 1 OCP designation, offering potential for an approximate 3-lot subdivision (buyer to verify with City of Surrey). Features 2 road frontages, city water, and sewer at 56 Ave. The existing 3,400 sq. ft. Tudor-style home offers 6 bedrooms and 3 bathrooms on a private, park-like property with mature fruit trees and is on septic. Surrounded by luxury estate homes and easy access to King George Blvd, HWY to Richmond, and South Surrey/White Rock. Build, develop, or hold as an investment. Opportunity awaits!

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer
Fireplace 2
Heating Type Natural Gas
# of Kitchens 1
Flooring Mixed
Foundation Concrete Perimeter

Exterior Features

Exterior Features Private Yard
Roof Asphalt
Structures Residential Detached

Building Details

Price $4,500,000
Total Bedrooms 5
Total Bathrooms 3
Full Bathrooms 3
Half Bathrooms 0
Floor Area Total (sqft) 3380
Year Built 1935
Age Of Building 91
Building Type Single Family Residence
Property Type Residential
Stories 2
Building Name Panorama Ridge
Ownership Type Freehold NonStrata
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Septic Tank
Water (WaterSource) Public
Parking Type Garage Double
Total Parking Spaces 4
Rental Suites None

Lot & Land

Lot Size 1.61
Lot Size Depth Feet
Lot Size Frontage 107
MLS® # R3150097
Area Surrey
Neighbourhood Panorama Ridge
City Surrey
Postal Code V3W 2P4
Gross Taxes $13,354.16
Zoning R1

Property Timeline

Status Date Price
R3150097 / Active 07-27-2026 $4,500,000
Rooms
Floor Type Dimensions
Main Level Living Room 22' x 22' ft
Main Level Dining Room 16' x 16' ft
Main Level Kitchen 14' x 14' ft
Main Level Nook 9'6 x 9'6 ft
Main Level Other 14'5 x 14'5 ft
Main Level Utility 22' x 22' ft
Main Level Foyer 7'6 x 7'6 ft
Main Level Primary Bedroom 24' x 24' ft
Main Level Bedroom 14'6 x 14'6 ft
Main Level Bedroom 13' x 13' ft
Main Level Bedroom 13'6 x 13'6 ft
Main Level Bedroom 15'8 x 15'8 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3

Listed by: RE/MAX Treeland 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
Colebrook Elementary School
Average 0.79 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
0.88 km
Elementary,Secondary
Regent Christian Online Academy
Above Average 4.82 km 8.2/10

Closest Transit

Bus Stop
Westbound 56 Ave @ Coulthard Rd
0.05 km
Skytrain
Skytrain @ 152 St Station ( Under Construction till 2029)
8.20 km

Crime Rate

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

Demographics

Post-Secondary Education
Below Average 21.4%
No Certificate/Degree
Above Average 21.8%
Owner Occupied
Above Average 74.7%
Employment Rate
Above Average 77.2%

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

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 — 8.20 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
68 DOM
Listed
Panorama Ridge avg
—
—
Surrey avg
—
—

12921 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 V3W 2P4

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3W 2P4, 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 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 northbound 132 st @ 60 ave · 999 m · Transit

Schools NearBy

18 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

792 m

Al-Mustafa School

Independent

Grades Served

—

Catchment Info

—
N/A

Distance

884 m

J T Brown Elementary School

Public

Grades Served

K-7

Catchment Info

—
4.0 / 10

Distance

1.10 KM

Panorama Park Elementary School

Public

Grades Served

K-7

Catchment Info

—
4.5 / 10

Distance

1.11 KM

North Ridge Elementary School

Public

Grades Served

K-7

Catchment Info

—
3.4 / 10

Distance

1.55 KM

Boundary Park Elementary

Public

Grades Served

—

Catchment Info

—
6.5 / 10

Distance

1.85 KM

St. Bernadette

Independent

Grades Served

K-7

Catchment Info

—
8.6 / 10

Distance

1.90 KM

St Bernadette

Independent

Grades Served

—

Catchment Info

—
8.6 / 10

Distance

1.96 KM

Tamanawis Secondary School

Public

Grades Served

8-12

Catchment Info

—
5.6 / 10

Distance

2.04 KM

Martha Jane Norris Elementary School

Public

Grades Served

K-7

Catchment Info

—
4.4 / 10

Distance

2.05 KM

Henry Bose Elementary School

Public

Grades Served

K-7

Catchment Info

—
3.8 / 10

Distance

2.11 KM

Beaver Creek Elementary School

Public

Grades Served

K-7

Catchment Info

—
4.0 / 10

Distance

2.17 KM

Pinewood Elementary School

Public

Grades Served

K-7

Catchment Info

—
6.0 / 10

Distance

2.60 KM

Gabrielle-Roy

Public

Grades Served

—

Catchment Info

—
6.1 / 10

Distance

2.65 KM

Woodward Hill Elementary School

Public

Grades Served

K-7

Catchment Info

—
4.7 / 10

Distance

2.81 KM

McLeod Road Traditional School

Public

Grades Served

K-7

Catchment Info

—
7.2 / 10

Distance

2.91 KM

W E Kinvig Elementary School

Public

Grades Served

K-7

Catchment Info

—
3.2 / 10

Distance

2.96 KM

Hyland Elementary School

Public

Grades Served

K-7

Catchment Info

—
5.0 / 10

Distance

2.99 KM

Walkability & Transit Near 12921 56 Avenue

Walk Score Badge
Car-Dependent 13

Walk Score - Car-Dependent

Almost all 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
38

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 12921 56 Avenue

2026 assessed value, sourced from City of Surrey open data (PID 005-919-657).
Total Assessed Value (2026)
$3,401,200
2026 Value Trend
Land
$3,302,000
Buildings
$99,200
Year Built
N/A
Class
N/A
Zoning
R1
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $3,302,000 $99,200 $3,401,200 —

Mortgage Calculator for 12921 56 Avenue

/month
Principal & Interest
Property Taxes $1,113
Maintenance fee 0
A 20% down payment of $900,000 on this $4,500,000 listing yields an estimated mortgage of $17,187/month (30-year fixed, 4%). Total estimated housing cost: $18,300/month, $1,113 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 $10,127/month in estimated rental income against $18,600/month in mortgage payments, the monthly cashflow is -$8,473/month. A 60% down payment would reach break-even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 12921 56 Avenue, Surrey

Buy Vs Rent Calculator

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

Rent vs own

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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 $4,500,000
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 12921 56 Avenue

Walk Score Badge
Car-Dependent 13

Walk Score - Car-Dependent

Almost all 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
38

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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