LAND VALUE OPPORTUNITY IN THE CHIMNEY HEIGHTS AREA - Exceptional opportunity to acquire a prime 20,342 sq. ft. R1-Zoned property in a highly desirable Surrey neighborhood, close to shopping, parks, schools and public transportation. The existing residence sustained fire damage and is uninhabitable. The property is being offer primarily for land value. The improvements are considered to have little or no contributory value, making this an ideal opportunity for builders, developers, investors, or buyers looking to create a custom home in an established area. A prime chance to secure a large lot in a sought-after area with strong future potential. COURT DATE SET FOR OCTOBER 1, 2026. PLEASE CALL FOR SCHEDULE "A"
| Basement Finished Area (sqft) | 1812 |
|---|---|
| Basement Features | Full |
| Fireplace | 1 |
| Heating Type | Electric, Forced Air, Natural Gas |
| # of Kitchens | 0 |
| Flooring | Mixed |
| Foundation | Concrete Perimeter |
| Exterior Features | Balcony |
|---|---|
| Roof | Asphalt |
| Structures | Residential Detached |
| Price | $1,399,000 |
|---|---|
| Total Bedrooms | 0 |
| Total Bathrooms | 3 |
| Full Bathrooms | 3 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 3624 |
| Year Built | 1967 |
| Age Of Building | 59 |
| Building Type | Single Family Residence |
| Property Type | Residential |
| Stories | 2 |
| Ownership Type | Freehold NonStrata |
| Utility Type | Community |
| Utility Sewer | Public Sewer |
| Water (WaterSource) | Public |
| Parking Type | Open |
| Total Parking Spaces | 10 |
| Rental Suites | Unauthorized Suite |
| Lot Size | 20342 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 118 |
| MLS® # | R3149937 |
| Area | Surrey |
| Neighbourhood | East Newton |
| City | Surrey |
| Postal Code | V3S 2G3 |
| Gross Taxes | $6,571.39 |
| Zoning | R1 |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 15'2 x 15'2 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #3 |
| Main Level | No | #3 |
| Below | No | #3 |
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.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
15023 72 Avenue has a sell-speed score of 72/100, placing it in the "Expected to sell within weeks" band. The listing is priced 34.9% below comparable active properties in East Newton, which is a strong competitive signal. Based on these signals, EstateBlock predicts this listing is likely to sell within a few weeks.
Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3S 2G3, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
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.
Annual avg PM2.5 4.5 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: North Delta, Delta (~7.4 km). Annual avg AQHI 2.1 — Low Risk.
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.
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.
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.
22 Schools are within 3km
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
T E Scott Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance548 m
|
|
Chimney Hill Elementary School |
Public |
Grades ServedK-7
|
Catchment InfoIn Catchment
|
Distance679 m
|
|
Regent Christian Academy |
Independent |
Grades ServedK-12
|
Catchment Info—
|
Distance1.29 KM
|
|
Regent Christian Online Academy |
Independent |
Grades Served—
|
Catchment Info—
|
Distance1.31 KM
|
|
M B Sanford Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.39 KM
|
|
Georges Vanier Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.78 KM
|
|
McLeod Road Traditional |
Public |
Grades Served—
|
Catchment Info—
|
Distance1.80 KM
|
|
Fleetwood Park Secondary School |
Public |
Grades Served8-12
|
Catchment Info—
|
Distance1.99 KM
|
|
Goldstone Park Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.10 KM
|
|
Coyote Creek Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.16 KM
|
|
Janice Churchill Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.19 KM
|
|
Cambridge Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.26 KM
|
|
Sullivan Heights Secondary School |
Public |
Grades Served8-12
|
Catchment Info—
|
Distance2.34 KM
|
|
Frank Hurt Secondary School |
Public |
Grades Served8-12
|
Catchment InfoIn Catchment
|
Distance2.38 KM
|
|
Hyland Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.38 KM
|
|
Cornerstone Montessori School |
Independent |
Grades ServedK-7
|
Catchment Info—
|
Distance2.44 KM
|
|
McLeod Road Traditional School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.47 KM
|
|
Sullivan Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.48 KM
|
|
Maple Green Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.58 KM
|
|
Enver Creek Secondary School |
Public |
Grades Served8-12
|
Catchment Info—
|
Distance2.63 KM
|
|
Woodward Hill Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.77 KM
|
|
Bear Creek Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.96 KM
|
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $1,370,000 | $35,700 | $1,405,700 | — |
Buy Vs Rent Calculator
Rent vs own
—
Comparable data is unavailable at the neighbourhood level. City-wide in Surrey, similar Single Family Residences average $2,149,333 across 2 active listings — this listing is 34.9% below the Surrey average. This property is flagged as a Hot Deal (Land Value only, 34.9% cheaper than comparables) based on its competitive pricing and market demand.
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