$3,599,000
15675 40th Ave, Surrey BC – House for Sale – MLS® R3116588
15675 40th Avenue, Surrey, British Columbia V3Z 1E6
176 days on the market
$3,399,000
Est. Mortgage $15,037/mo
Listing updated:
EstateBlock checked:
Morgan Creek Area
3
Beds
1
Baths
1047
sqft
3246
$
/sqft
1971
built
5.6% price reduction
Photos
Property Details for 15675 40th Avenue
5.6% price reduction
First time on the market!Rare opportunity to own 10+ acres of prime farmland in the sought-after Morgan Creek area.Enjoy the best of both worlds-peaceful rural living with modern conveniences minutes away.The updated 3-bedroom rancher is move-in ready, or rent it while planning your dream estate home.Outbuildings include a 26x58 barn and an original "cabin" dating back to the 1940-50's.CITY WATER is a valuable bonus.The property features incredibly rich "black gold" soil, natural black peat considered the most fertile in the province.The Nicomekl River borders the rear of the property, where you can enjoy stunning sunsets and unobstructed views of North Shore Mtns. Walk next door to Mary's Garden market, and enjoy quick access to all major routes. Excellent schools, rec and shopping close.
Interior Features
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | Crawl Space |
| Appliances Included | Washer/Dryer, Dishwasher, Refrigerator, Stove |
| Fireplace | 1 |
| Heating Type | Electric, Forced Air, Natural Gas |
| # of Kitchens | 1 |
| Flooring | Mixed |
| Foundation | Concrete Perimeter |
Exterior Features
| Exterior Features | No Outdoor Area, Private Yard |
|---|---|
| View Description | Mountain, valley and river |
| Roof | Asphalt |
| Structures | Residential Detached |
Building Details
| Price | $3,399,000 |
|---|---|
| Total Bedrooms | 3 |
| Total Bathrooms | 1 |
| Full Bathrooms | 1 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 1047 |
| Year Built | 1971 |
| Age Of Building | 55 |
| Building Type | Single Family Residence |
| Property Type | Residential |
| Architecture Style | Rancher/Bungalow |
| Stories | 1 |
| Building Name | Morgan Creek Area |
| Ownership Type | Freehold NonStrata |
| Community Features | Gated |
| Utility Type | Electricity Connected, Natural Gas Connected, Water Connected |
| Utility Sewer | Septic Tank |
| Water (WaterSource) | Public |
| Parking Type | None, Open, Front Access, Gravel |
| Total Parking Spaces | 8 |
| Rental Suites | None |
Lot & Land
| Lot Size | 10.3 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 280 |
| MLS® # | R3116588 |
| Area | Cloverdale |
| Neighbourhood | Serpentine |
| City | Surrey |
| Postal Code | V3Z 1E6 |
| Gross Taxes | $894.37 |
| Zoning | A1 |
Property Timeline
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 18'8 x 18'8 ft |
| Main Level | Dining Room | 8'4 x 8'4 ft |
| Main Level | Kitchen | 8'11 x 8'11 ft |
| Main Level | Mud Room | 8'6 x 8'6 ft |
| Main Level | Primary Bedroom | 10'7 x 10'7 ft |
| Main Level | Bedroom | 9' x 9' ft |
| Main Level | Bedroom | 9'5 x 9'5 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #4 |
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.
Map & Neighbourhood
Private Schools
- Elementary, Secondary
- Southridge School
- Above Average 2.83 km
- Elementary, Secondary
- Southridge School
- Above Average 2.83 km
Closest Transit
- Bus Stop
- Northbound 152 St @ 40 Ave
- 0.94 km
- Skytrain
- Skytrain @ Hillcrest/ 184 st 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 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
36 / 100
Overall sell-speed score
May take longer
D
Price competition grade
Avg comparable: $-3,630,132
—
Market conditions
Market conditions unavailable
Flood Risk
Possible — flood zone
Railway / Skytrain noise
Unlikely — 8.13 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How SERPENTINE compares
This property
176 DOM
Serpentine avg
—
Surrey avg
—
15675 40th Avenue has a sell-speed score of 36/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 206.8% above comparable active properties in Serpentine. 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
Located within a designated flood hazard area. Higher likelihood of localized high-water events over the next 30 years.
Fire
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
Annual avg PM2.5 4.6 µg/m³ — meets WHO 2021 guideline. Nearest station: Surrey East, Surrey (~9.4 km). Annual avg AQHI 1.8 — Low Risk.
Heat
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
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
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 @ 40 ave · 962 m · Transit
Schools NearBy
5 Schools are within 3km
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Rosemary Heights Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance966 m
|
|
Morgan Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.31 KM
|
|
Sunnyside Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.40 KM
|
|
Southridge School |
Independent |
Grades ServedK-12
|
Catchment Info—
|
Distance2.83 KM
|
|
Semiahmoo Trail Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.91 KM
|
Walkability & Transit Near 15675 40th Avenue
Car-Dependent
12
Walk Score - Car-Dependent
Almost all errands require a car
Some Transit
29
Transit Score - Some Transit
A few nearby public transportation options
Somewhat
Bikeable 33
Bikeable 33
Bike Score - Somewhat Bikeable
Minimal bike infrastructure
BC Assessment Value — 15675 40th Avenue
2026 assessed value, sourced from City of Surrey open data (PID 011-201-029).
$69,700
2026
Value Trend
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $0 | $69,700 | $69,700 | — |
Mortgage Calculator for 15675 40th Avenue
/month
Principal & Interest
Property Taxes
$75
Maintenance fee
0
Financing 80% of the $3,399,000 asking price over 30 years at 4% results in approximately $13,057/month in total estimated carrying costs, $75 property tax.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Investment Cashflow Calculator
/month
Mortgage Payment
Monthly Payment
Break Even Down Payment
0%
Cap Rate
Cash on Cash
This listing generates an estimated $7,649/month in rental income, leaving a -$5,655/month cashflow at current carrying costs. Investors targeting break-even would need roughly 55% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Estateblock Rent Estimate for 15675 40th Avenue, Surrey
Buy Vs Rent Calculator
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/ month
Principal: —
Interest, tax, insurance, fees: —
Rent vs own
—
Principal paid off by year 5
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Principal paid off by year 10
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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 — Serpentine, Surrey
This Home
$3,399,000
Surrey
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Serpentine
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Comparable data is unavailable at the neighbourhood level. City-wide in Surrey, similar Single Family Residences average $1,107,866 across 19 active listings — this listing is 206.8% above the Surrey average. This property is flagged as a Hot Deal (5.6% price reduction) based on its competitive pricing and market demand.
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 Greater Vancouver REALTORS® which assumes no responsibility for its accuracy
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