Home Surrey, BC Elgin Chantrell 2515 140 Street

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Rare opportunity to build your dream home in prestigious Elgin Chantrell. This premium South Surrey building lot offers approximately 150 ft of frontage in one of the area’s most sought-after neighbourhoods, surrounded by luxury estate homes and mature tree-lined streets. Fully serviced and ready to build, with potential for a substantial custom single family residence with coach home or spacious duplex configuration with garden suite. Ideal for those looking to create a custom home with privacy, timeless design, and long-term value. Located within the highly regarded Chantrell Creek Elementary and Elgin Park Secondary catchments, just minutes to Crescent Beach, Ocean Park, golf courses, parks, and shopping.A rare opportunity to secure a prime building lot in an established luxury enclave.

Exterior Features

Structures	Land Only

Building Details

Price	$1,899,000
Property Type	Land
Ownership Type	Freehold NonStrata
Community Features	Near Shopping
Utility Type	Sanitary Sewer At Lot Line, Storm Sewer At Lot Line, Electricity At Lot Line, Natural Gas At Lot Line, Phone Nearby, Cable Available
Water (WaterSource)	Public

Lot & Land

Lot Size	17437
Lot Size Depth	Feet
Lot Size Frontage	150
MLS^® #	R3123946
Area	South Surrey White Rock
Neighbourhood	Elgin Chantrell
City	Surrey
Postal Code	V4P 2C6
Gross Taxes	0
Zoning	CD

Property Timeline

Status	Date	Price
R3123946 / Active	05-15-2026	$1,899,000

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

Public Schools

Elementary
Chantrell Creek Elementary School: 0.61 km
Secondary
Elgin Park Secondary School: 1.07 km

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

Private Schools

Elementary
Star of the Sea School: 2.07 km
Elementary, Secondary
White Rock Christian Academy: 2.41 km

Closest Transit

Bus Stop
Eastbound 24 Ave @ 136 St: 0.97 km
Skytrain
Skytrain @ Bakerview/166 st Station ( Under Construction till 2029): 12.59 km

Crime Rate

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

Demographics

Post-Secondary Education: Above Average 39.2%
No Certificate/Degree: Below Average 8.7%
Owner Occupied: Below Average 50.6%
Employment Rate: Average 61.1%

Noise/ Power Lines

Road/Hwy Noise: Possible
Railway/Sky train Noise: Unlikely
Airport/Port Noise: Unlikely
Close to major Power Lines: Unlikely

Other

Agricultural Land Reserve (ALR): Unlikely
Flood Area: Unlikely
Close to Cemeteries: Unlikely

Sell Speed & Competition

23 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $1,418,553

Buyer's

Market conditions

Buyer's market — more supply than demand

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 12.59 km from station

Road / Highway noise

Possible — major road nearby

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How ELGIN CHANTRELL compares

This property

159 DOM

Listed

Elgin Chantrell avg

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Surrey avg

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2515 140 Street has a sell-speed score of 23/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 25.3% above comparable active properties in Elgin Chantrell. 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 V4P 2C6

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V4P 2C6, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk 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 4.5 µg/m³ — meets WHO 2021 guideline. Nearest station: North Delta, Delta (~13.2 km). Annual avg AQHI 2.1 — 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 eastbound 24 ave @ 136 st · 974 m · Transit

Schools NearBy

13 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Chantrell Creek Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	7.8 / 10	Distance 609 m
Elgin Park Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	7.3 / 10	Distance 1.07 KM
Semiahmoo Trail Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 1.61 KM
Bayridge Elementary	Public	Grades Served —	Catchment Info —	6.7 / 10	Distance 1.65 KM
Ray Shepherd Elementary School	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 1.90 KM
Star of the Sea School	Independent	Grades Served K-7	Catchment Info —	8.7 / 10	Distance 2.07 KM
Semiahmoo Secondary School	Public	Grades Served 8-12	Catchment Info —	8.0 / 10	Distance 2.07 KM
Star of the Sea	Independent	Grades Served —	Catchment Info —	4.6 / 10	Distance 2.09 KM
Laronde Elementary School	Public	Grades Served K-7	Catchment Info —	7.9 / 10	Distance 2.21 KM
H T Thrift Elementary School	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 2.23 KM
Crescent Park Elementary School	Public	Grades Served K-7	Catchment Info —	6.7 / 10	Distance 2.37 KM
White Rock Christian Academy	Independent	Grades Served K-12	Catchment Info —	8.9 / 10	Distance 2.41 KM
Newbridge Academy	Independent	Grades Served —	Catchment Info —	8.1 / 10	Distance 2.67 KM

Walkability & Transit Near 2515 140 Street

Car-Dependent 32

Walk Score - Car-Dependent

Most errands require a car

Some Transit 7

Transit Score - Minimal Transit

It is possible to get on a bus

Somewhat
Bikeable 38

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 2515 140 Street

2026 assessed value, sourced from City of Surrey open data (PID 032-529-589).

Total Assessed Value (2026)

$1,526,000

2026 Value Trend

Land

$1,526,000

Buildings

Year Built

N/A

Class

N/A

Zoning

Property Tax

N/A

Year	Land	Improvements	Total Assessed	YOY Change
2026	$1,526,000	$0	$1,526,000	—

Mortgage Calculator for 2515 140 Street

/month

Principal & Interest

Property Taxes $0

Maintenance fee 0

Based on a 30-year fixed at 4% interest with 20% down ($379,800), the estimated monthly payment for this listing is $7,253/month — $7,253 principal & interest.

or Call 778-918-5990

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

At an estimated rental income of $4,831/month, this property runs a $2,619/month shortfall after mortgage and carrying costs. Break-even requires approximately 49% down.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 2515 140 Street, Surrey

Buy Vs Rent Calculator

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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.