$3,400,000
16429 40 Ave, Surrey BC – Land for Sale – MLS® R3108072
16429 40 Avenue, Surrey, British Columbia V3Z 1E5
196 days on the market
$2,988,000
Est. Mortgage $13,219/mo
Listing updated:
EstateBlock checked:
Morgan Creek
0
sqft
12.1% price reduction
Photos
Property Details for 16429 40 Avenue
12.1% price reduction
Sought after Morgan Creek neighbourhood. Levelled and drained Prime 10.9 acres of fertile farm land close to all city amenities. Includes a huge , 150 ft x 60 ft , concrete foundation implement shed with open walls, which could possibly be closed in, for a secure barn. Barn is offset to side. Share Sale.
Exterior Features
| View Description | Valley and mountain views |
|---|---|
| Structures | Land Only |
Building Details
| Price | $2,988,000 |
|---|---|
| Property Type | Land |
| Building Name | Morgan Creek |
| Ownership Type | Freehold NonStrata |
| Community Features | Near Shopping |
| Utility Type | Sanitary Sewer Not Available, Storm Sewer Not Available, Electricity At Lot Line, Natural Gas At Lot Line, Phone Nearby, Cable Available |
| Water (WaterSource) | Public |
Lot & Land
| Lot Size | 10.9 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 220 |
| MLS® # | R3108072 |
| Area | South Surrey White Rock |
| Neighbourhood | Morgan Creek |
| City | Surrey |
| Postal Code | V3Z 1E5 |
| Gross Taxes | $707.26 |
| Zoning | A-1 |
Property Timeline
Listed by: RE/MAX Colonial Pacific 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
Private Schools
- Elementary, Secondary
- Southridge School
- Above Average 2.91 km
- Elementary, Secondary
- Southridge School
- Above Average 2.91 km
Closest Transit
- Bus Stop
- Westbound 32 Ave @ 160 St
- 1.89 km
- Skytrain
- Skytrain @ Hillcrest/ 184 st Station ( Under Construction till 2029)
- 7.17 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
26 / 100
Overall sell-speed score
May take longer
D
Price competition grade
Avg comparable: $1,009,944
Buyer's
Market conditions
Buyer's market — more supply than demand
Flood Risk
Possible — flood zone
Railway / Skytrain noise
Unlikely — 7.17 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
196 DOM
Morgan Creek avg
—
Surrey avg
—
16429 40 Avenue has a sell-speed score of 26/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 66.2% above comparable active properties in Morgan Creek. The local market is currently a Buyer's Market with a sales-to-active ratio of 7.8% — buyers have more leverage. With only 616 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.
Climate Risk for V3Z 1E5
Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3Z 1E5, 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 (~8.3 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
Schools NearBy
4 Schools are within 3km
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Rosemary Heights Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.04 KM
|
|
Morgan Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.05 KM
|
|
Sunnyside Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.58 KM
|
|
Southridge School |
Independent |
Grades ServedK-12
|
Catchment Info—
|
Distance2.91 KM
|
Walkability & Transit Near 16429 40 Avenue
Car-Dependent
3
Walk Score - Car-Dependent
Almost all errands require a car
Some Transit
0
Transit Score - Minimal Transit
It is possible to get on a bus
Somewhat
Bikeable 32
Bikeable 32
Bike Score - Somewhat Bikeable
Minimal bike infrastructure
BC Assessment Value — 16429 40 Avenue
2026 assessed value, sourced from City of Surrey open data (PID 026-993-767).
$13,400
2026
Value Trend
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $0 | $13,400 | $13,400 | — |
Mortgage Calculator for 16429 40 Avenue
/month
Principal & Interest
Property Taxes
$59
Maintenance fee
0
A 20% down payment of $597,600 on this $2,988,000 listing yields an estimated mortgage of $11,412/month (30-year fixed, 4%). Total estimated housing cost: $11,471/month, $59 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
With $7,017/month in estimated rental income against $11,720/month in mortgage payments, the monthly cashflow is -$4,703/month. A 53% 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 16429 40 Avenue, Surrey
Buy Vs Rent Calculator
—
/ month
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
This Home
$2,988,000
Surrey
Loading...
Morgan Creek
Loading...
Based on 3 comparable active properties in Morgan Creek, the average asking price is $1,798,333. This listing is priced 66.2% above the neighbourhood average. This property is flagged as a Hot Deal (12.1% 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
Call or Text Now!
Award-Winning REALTOR® with 13+ Years of Experience Serving Greater Vancouver
Earn Cashback on Your Purchase
Potential Cashback for this listing if you buy with us
to track your cashback progress
Buy with us & save on this property
Similar Land for Sale in Surrey
8.6% price reduction
$3,195,000
3792 176 Street, Surrey, BC
0
sqft
$3,199,000
15590 56 Avenue, Surrey, BC
0
sqft
$2,495,000
4115 184 Street, Surrey, BC
0
sqft
$3,099,000
6436 160 Street, Surrey, BC
0
sqft
$2,548,000
13931 Crescent Road, Surrey, BC
0
sqft
$3,399,000
18044 60 Avenue, Surrey, BC
0
sqft
7.7% price reduction
$2,998,000
4938 188 Street, Surrey, BC
0
sqft
13.0% price reduction
$2,999,900
3271 196 Street, Surrey, BC
0
sqft
20.0% price reduction
$2,520,000
13630 & 13644 60 Avenue, Surrey, BC
0
sqft
23.2% price reduction
$3,070,000
7041 193 Street, Surrey, BC
0
sqft
$3,400,000
8171 176 Street, Surrey, BC
0
sqft
$2,700,000
7465 194 Street, Surrey, BC
0
sqft
Copyright © 2013 - 2026 EstateBlock.com. All Rights Reserved. Renanza Realty Inc.
600-777 Hornby Street, Vancouver, BC V6Z 1S4. Call 778-918-5990.
600-777 Hornby Street, Vancouver, BC V6Z 1S4. Call 778-918-5990.
