15675 40th Ave, Surrey BC - Single Family Residence for Sale - MLS# R3116588

131 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
131 days on the market
$3,399,000
$3,599,000
Est. $15,037/mo with 20% down
Listing updated:
EstateBlock checked:

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

Status Date Price
R3116588 / Active 04-28-2026 $3,399,000
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 9.6/10
Elementary, Secondary
Southridge School
Above Average 2.83 km 9.6/10

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: $-4,204,563
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
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
131 DOM
Listed
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 223.7% 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 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 (~9.4 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 @ 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 Served

K-7

Catchment Info

6.8 / 10

Distance

966 m

Morgan Elementary School

Public

Grades Served

K-7

Catchment Info

7.2 / 10

Distance

1.31 KM

Sunnyside Elementary School

Public

Grades Served

K-7

Catchment Info

6.3 / 10

Distance

2.40 KM

Southridge School

Independent

Grades Served

K-12

Catchment Info

10.0 / 10

Distance

2.83 KM

Semiahmoo Trail Elementary School

Public

Grades Served

K-7

Catchment Info

7.3 / 10

Distance

2.91 KM

Walkability & Transit Near 15675 40th Avenue

Walk Score Badge
Car-Dependent 12

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 29

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
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).
Total Assessed Value (2026)
$69,700
2026 Value Trend
Land
$0
Buildings
$69,700
Year Built
N/A
Class
N/A
Zoning
A1
Property Tax
N/A
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.
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
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

/ 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 — Serpentine, Surrey

Beds Home Types Square Feet Lot Size Year Built
This Home $3,399,000
Surrey Loading...
Serpentine Loading...

Comparable data is unavailable at the neighbourhood level. City-wide in Surrey, similar Single Family Residences average $1,050,111 across 18 active listings — this listing is 223.7% 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 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 15675 40th Avenue

Walk Score Badge
Car-Dependent 12

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 29

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
33

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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