15442 40 Ave, Surrey BC - Single Family Residence for Sale - MLS# R3097486

181 days on the market
$3,488,800
Est. Mortgage $15,434/mo
Listing updated:
EstateBlock checked:
4 Beds
2 Baths
2194 sqft
1590 $ /sqft
1969 built
181 days on the market
$3,488,800
Est. $15,434/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 15442 40 Avenue

If you are looking for a farm land BUSINESS and an INVESTMENT PROPERTY! You have to see this gorgeous 10.00 acres farm land located in 40th Avenue and a lot away from 152 Street. Easy access to lower mainland area & Hwy 99. Very close to Morgan Creek Golf Course - one of the best Golf Course in Fraser Valley. The 2,194 sqft home features 4 beds and 2 baths plus 7,000 sqft WAREHOUSE! 4 qualified CANNABIS. GROWING LICENSES, 3 phase power and rich soil ideal for nursery business and other uses, all fall under A-1 Agricultural zoning. Nicmekl River separates this farm land from Rosemary Heights. Don't miss this opportunity!

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Heating Type Electric
Laundry In Unit
# of Kitchens 1
Flooring Wall/Wall/Mixed
Foundation Slab

Exterior Features

Exterior Features No Outdoor Area
Roof Asphalt
Structures Residential Detached

Building Details

Price $3,488,800
Total Bedrooms 4
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 2194
Year Built 1969
Age Of Building 57
Building Type Single Family Residence
Property Type Residential
Stories 2
Ownership Type Freehold NonStrata
Utility Type Electricity Connected, Natural Gas Connected
Utility Sewer Septic Tank
Water (WaterSource) Well Drilled
Parking Type Open
Rental Suites None

Lot & Land

Lot Size 9.997
Lot Size Depth Feet
Lot Size Frontage 985
MLS® # R3097486
Area South Surrey White Rock
Neighbourhood Morgan Creek
City Surrey
Postal Code V3Z 1E6
Gross Taxes $7,150.07
Zoning A-1

Property Timeline

Status Date Price
R3097486 / Active 03-09-2026 $3,488,800
to view full Property History (2 earlier records)
Rooms
Floor Type Dimensions
Above Level Living Room 14'0 x 14'0 ft
Above Level Hobby Room 14'0 x 14'0 ft
Above Level Primary Bedroom 12'5 x 12'5 ft
Above Level Bedroom 9'0 x 9'0 ft
Above Level Bedroom 9'0 x 9'0 ft
Main Level Kitchen 25'0 x 25'0 ft
Main Level Office 13'0 x 13'0 ft
Main Level Mud Room 10'0 x 10'0 ft
Main Level Bedroom 14'0 x 14'0 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3

Listed by: eXp Realty of Canada Inc.

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
Rosemary Heights Elementary School
Average 0.86 km 6.8/10

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

Private Schools

Elementary, Secondary
Southridge School
Above Average 2.93 km 9.6/10
Elementary, Secondary
Southridge School
Above Average 2.93 km 9.6/10

Closest Transit

Bus Stop
Northbound 152 St @ 40 Ave
0.4 km
Skytrain
Skytrain @ Hillcrest/ 184 st Station ( Under Construction till 2029)
8.56 km

Crime Rate

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

Demographics

Post-Secondary Education
Below Average 19.3%
No Certificate/Degree
Above Average 18%
Owner Occupied
Average 62.9%
Employment Rate
Average 58.7%

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
Possible
Close to Cemeteries
Unlikely

Sell Speed & Competition

30 / 100
Overall sell-speed score
May take longer
D
Price competition grade
Avg comparable: $-2,030,482
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Possible — flood zone
Railway / Skytrain noise
Unlikely — 8.56 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How MORGAN CREEK compares
This property
181 DOM
Listed
Morgan Creek avg
Surrey avg

15442 40 Avenue has a sell-speed score of 30/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 158.2% above comparable active properties in Morgan Creek. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V3Z 1E6

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3Z 1E6, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Elevated Risk

Located within a designated flood hazard area. Higher likelihood of localized high-water events 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 4.6 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Surrey East, Surrey (~9.8 km). Annual avg AQHI 1.8 — 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 southbound 152 st @ 36 ave · 910 m · Transit

Schools NearBy

5 Schools are within 3km

School Type Grades Served Catchment Info Rating Distance

Rosemary Heights Elementary School

Public

Grades Served

K-7

Catchment Info

In Catchment
6.8 / 10

Distance

864 m

Morgan Elementary School

Public

Grades Served

K-7

Catchment Info

7.2 / 10

Distance

1.33 KM

Semiahmoo Trail Elementary School

Public

Grades Served

K-7

Catchment Info

7.3 / 10

Distance

2.47 KM

Sunnyside Elementary School

Public

Grades Served

K-7

Catchment Info

6.3 / 10

Distance

2.49 KM

Southridge School

Independent

Grades Served

K-12

Catchment Info

10.0 / 10

Distance

2.93 KM

Walkability & Transit Near 15442 40 Avenue

Walk Score Badge
Car-Dependent 7

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 33

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
37

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 15442 40 Avenue

2026 assessed value, sourced from City of Surrey open data (PID 000-762-563).
Total Assessed Value (2026)
$2,692,000
2026 Value Trend
Land
$2,559,000
Buildings
$133,000
Year Built
N/A
Class
N/A
Zoning
A1
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $2,559,000 $133,000 $2,692,000

Mortgage Calculator for 15442 40 Avenue

/month
Principal & Interest
Property Taxes $596
Maintenance fee 0
With a 20% down payment, buyers can expect an estimated $13,921/month in total housing costs on this $3,488,800 property — $13,325 mortgage payment, $596 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
Based on $7,851/month estimated rent and $14,175/month in total housing costs, this property has a -$6,324/month cashflow. Break-even down payment: approximately 58%.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 15442 40 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 — Morgan Creek, Surrey

Beds Home Types Square Feet Lot Size Year Built
This Home $3,488,800
Surrey Loading...
Morgan Creek Loading...

Comparable data is unavailable at the neighbourhood level. City-wide in Surrey, similar Single Family Residences average $1,351,333 across 24 active listings — this listing is 158.2% above the Surrey 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

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 15442 40 Avenue

Walk Score Badge
Car-Dependent 7

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 33

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
37

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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