5331 188 St, Surrey BC - Land for Sale - MLS# R3156961

23 days on the market
$1,199,000
Est. Mortgage $5,304/mo
Listing updated:
EstateBlock checked:
0 sqft
23 days on the market
$1,199,000
Est. $5,304/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 5331 188 Street

An incredible opportunity to build on this spacious 12,539 sq. ft. lot located on a quiet street in Cloverdale. Perfectly situated near schools, major routes, shopping, and recreational facilities, this property offers the ideal blend of convenience and tranquility. Whether you’re looking to build your dream home or create side-by-side residences for family (such as a duplex for siblings), this lot provides endless potential. Check with the City of Surrey for building possibilities and zoning options. A prime location and a rare find — don’t miss this chance to make it yours!

Exterior Features

Exterior Features Private Yard
Structures Land Only

Building Details

Price $1,199,000
Property Type Land
Ownership Type Freehold NonStrata
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 12539
Lot Size Depth Feet
Lot Size Frontage 19.8
MLS® # R3156961
Area Cloverdale
Neighbourhood Cloverdale BC
City Surrey
Postal Code V3S 8E5
Gross Taxes 0
Zoning R2

Property Timeline

Status Date Price
R3156961 / Active 08-14-2026 $1,199,000
to view full Property History (2 earlier records)

Listed by: Planet Group Realty 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
Sunrise Ridge Elementary School
Average 1.39 km 5/10

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

Private Schools

Elementary
Diamond School
Above Average 0.62 km 8/10
Elementary, Secondary
Bibleway Christian Academy
Above Average 1.46 km 7.8/10

Closest Transit

Bus Stop
Eastbound Hwy 10 @ 188 St
0.6 km
Skytrain
Skytrain @ Willowbrook Station ( Under Construction till 2029)
2.36 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
Unlikely
Close to Cemeteries
Unlikely

Sell Speed & Competition

52 / 100
Overall sell-speed score
Moderate pace expected
B+
Price competition grade
Avg comparable: $1,284,129
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 2.36 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How CLOVERDALE BC compares
This property
23 DOM
Listed
Cloverdale BC avg
Surrey avg

5331 188 Street has a sell-speed score of 52/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 7.1% below comparable active properties in Cloverdale BC, which is a strong competitive signal. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V3S 8E5

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3S 8E5, 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 4.6 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Surrey East, Surrey (~3.9 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

Shopping (2 nearby)

  • Rhino workwear · 452 m · Clothes
  • Malone auto spa · 653 m · Car Wash

Transit (1 nearby)

  • Bus stop westbound hwy 10 @ 192 st · 973 m · Transit

Schools NearBy

19 Schools are within 3km

School Type Grades Served Catchment Info Rating Distance

Diamond School

Independent

Grades Served

Catchment Info

8.0 / 10

Distance

619 m

Martha Currie Elementary School

Public

Grades Served

K-7

Catchment Info

5.2 / 10

Distance

1.23 KM

Hazelgrove Elementary

Public

Grades Served

Catchment Info

5.7 / 10

Distance

1.36 KM

Sunrise Ridge Elementary School

Public

Grades Served

K-7

Catchment Info

In Catchment
5.0 / 10

Distance

1.39 KM

Bibleway Christian Academy

Independent

Grades Served

K-4, 6-12

Catchment Info

8.2 / 10

Distance

1.46 KM

Latimer Road Elementary School

Public

Grades Served

K-7

Catchment Info

3.2 / 10

Distance

1.67 KM

Cloverdale Traditional

Public

Grades Served

Catchment Info

5.3 / 10

Distance

2.01 KM

Focus Alternate

Public

Grades Served

Catchment Info

1.7 / 10

Distance

2.09 KM

Don Christian Elementary School

Public

Grades Served

K-7

Catchment Info

5.3 / 10

Distance

2.10 KM

Lord Tweedsmuir Secondary School

Public

Grades Served

8-12

Catchment Info

6.2 / 10

Distance

2.43 KM

Hillcrest Elementary School

Public

Grades Served

K-7

Catchment Info

6.3 / 10

Distance

2.53 KM

Cloverdale Learning Centre

Public

Grades Served

10-12

Catchment Info

3.8 / 10

Distance

2.56 KM

Nicomekl Elementary School

Public

Grades Served

K-5

Catchment Info

4.7 / 10

Distance

2.57 KM

Alice Brown Elementary

Public

Grades Served

Catchment Info

4.9 / 10

Distance

2.61 KM

Crescent Heights Academy

Independent

Grades Served

Catchment Info

9.1 / 10

Distance

2.76 KM

SD 36 Alternate Cloverdale LC

Public

Grades Served

Catchment Info

3.8 / 10

Distance

2.77 KM

Cloverdale Catholic School

Independent

Grades Served

K-7

Catchment Info

8.3 / 10

Distance

2.86 KM

Simonds Elementary School

Public

Grades Served

K-5

Catchment Info

3.2 / 10

Distance

2.97 KM

H D Stafford Middle

Public

Grades Served

Catchment Info

2.5 / 10

Distance

2.99 KM

Walkability & Transit Near 5331 188 Street

Walk Score Badge
Car-Dependent 44

Walk Score - Car-Dependent

Most 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
38

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 5331 188 Street

2026 assessed value, sourced from City of Surrey open data (PID 031-678-670).
Total Assessed Value (2026)
$1,531,000
2026 Value Trend
Land
$1,531,000
Buildings
$0
Year Built
N/A
Class
N/A
Zoning
R2
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $1,531,000 $0 $1,531,000

Mortgage Calculator for 5331 188 Street

/month
Principal & Interest
Property Taxes $0
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($239,800), the estimated monthly payment for this listing is $4,579/month — $4,579 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.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
At an estimated rental income of $3,519/month, this property runs a $1,213/month shortfall after mortgage and carrying costs. Break-even requires approximately 42% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 5331 188 Street, 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 — Cloverdale BC, Surrey

Beds Home Types Square Feet Lot Size Year Built
This Home $1,199,000
Surrey Loading...
Cloverdale BC Loading...

Based on 2 comparable active properties in Cloverdale BC, the average asking price is $1,290,000. This listing is priced 7.1% below the neighbourhood 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 5331 188 Street

Walk Score Badge
Car-Dependent 44

Walk Score - Car-Dependent

Most 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
38

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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