5950 124a St, Surrey BC - Land for Sale - MLS# R3139953

74 days on the market
$1,179,879
Est. Mortgage $5,220/mo
Listing updated:
EstateBlock checked:
0 sqft
74 days on the market
$1,179,879
$1,199,879
Est. $5,220/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 5950 124a Street

Ready to build 6572 Square foot vacant lot in a very desirable area of Panorama Ridge, Surrey BC. Front is 50 feet and Depth is 130 feet. Three story house allowed on the lot and garden suite can be built under new joining R3.Building Plan Ready and picked by Seller to build 5532 sq Ft House and can start house anytime. Close to both levels of schools. Easy access to highway 10 BC, Alex Fraser Bridge and Airport.

Exterior Features

Structures Land Only

Building Details

Price $1,179,879
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, Natural Gas Connected, Cable Connected
Water (WaterSource) Public

Lot & Land

Lot Size 6572
Lot Size Depth Feet
Lot Size Frontage 50
MLS® # R3139953
Area Surrey
Neighbourhood Panorama Ridge
City Surrey
Postal Code V3X 1X3
Gross Taxes $5,881.98
Zoning R3

Property Timeline

Status Date Price
R3139953 / Active 06-24-2026 $1,179,879

Listed by: Royal LePage Global Force 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
J T Brown Elementary School
Average 0.11 km 4/10
Secondary
Tamanawis Secondary School
Average 1.36 km 5.6/10

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

Private Schools

Elementary
Al-Mustafa School
1.05 km
Elementary,Secondary
Regent Christian Online Academy
Above Average 5.51 km 8.2/10

Closest Transit

Bus Stop
Southbound 124 St @ 59A Ave
0.14 km
Skytrain
Skytrain @ Green Timbers 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 22.8%
No Certificate/Degree
Above Average 20.4%
Owner Occupied
Average 62%
Employment Rate
Above Average 76.4%

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

44 / 100
Overall sell-speed score
May take longer
C
Price competition grade
Avg comparable: $1,093,748
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 8.13 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 PANORAMA RIDGE compares
This property
74 DOM
Listed
Panorama Ridge avg
Surrey avg

5950 124a Street has a sell-speed score of 44/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 7.3% above comparable active properties in Panorama Ridge. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V3X 1X3

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3X 1X3, 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 (BC ENV 2024). Nearest station: North Delta, Delta (~5.6 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 southbound scott rd @ hwy 10 · 990 m · Transit

Schools NearBy

20 Schools are within 3km

School Type Grades Served Catchment Info Rating Distance

J T Brown Elementary School

Public

Grades Served

K-7

Catchment Info

In Catchment
4.0 / 10

Distance

112 m

Boundary Park Elementary

Public

Grades Served

Catchment Info

6.5 / 10

Distance

762 m

Panorama Park Elementary School

Public

Grades Served

K-7

Catchment Info

4.5 / 10

Distance

948 m

Al-Mustafa School

Independent

Grades Served

Catchment Info

0

Distance

1.05 KM

Colebrook Elementary School

Public

Grades Served

K-7

Catchment Info

5.4 / 10

Distance

1.09 KM

Beaver Creek Elementary School

Public

Grades Served

K-7

Catchment Info

4.0 / 10

Distance

1.18 KM

Tamanawis Secondary School

Public

Grades Served

8-12

Catchment Info

In Catchment
5.6 / 10

Distance

1.36 KM

Pinewood Elementary School

Public

Grades Served

K-7

Catchment Info

6.0 / 10

Distance

1.47 KM

Martha Jane Norris Elementary School

Public

Grades Served

K-7

Catchment Info

4.4 / 10

Distance

1.66 KM

St. Bernadette

Independent

Grades Served

K-7

Catchment Info

8.6 / 10

Distance

1.83 KM

St Bernadette

Independent

Grades Served

Catchment Info

8.6 / 10

Distance

1.85 KM

North Ridge Elementary School

Public

Grades Served

K-7

Catchment Info

3.4 / 10

Distance

2.10 KM

Henry Bose Elementary School

Public

Grades Served

K-7

Catchment Info

3.8 / 10

Distance

2.28 KM

Cougar Creek Elementary School

Public

Grades Served

K-7

Catchment Info

4.5 / 10

Distance

2.28 KM

Gabrielle-Roy

Public

Grades Served

Catchment Info

6.1 / 10

Distance

2.38 KM

Princess Margaret Secondary School

Public

Grades Served

8-12

Catchment Info

5.2 / 10

Distance

2.64 KM

W E Kinvig Elementary School

Public

Grades Served

K-7

Catchment Info

3.2 / 10

Distance

2.76 KM

Cougar Canyon Elementary

Public

Grades Served

Catchment Info

6.7 / 10

Distance

2.80 KM

Seaquam Secondary

Public

Grades Served

Catchment Info

7.2 / 10

Distance

2.80 KM

Sunshine Hills Elementary School

Public

Grades Served

K-7

Catchment Info

6.2 / 10

Distance

2.87 KM

Walkability & Transit Near 5950 124a Street

Walk Score Badge
Car-Dependent 39

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 40

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
45

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 5950 124a Street

2026 assessed value, sourced from City of Surrey open data (PID 031-267-505).
Total Assessed Value (2026)
$1,173,000
2026 Value Trend
Land
$1,173,000
Buildings
$0
Year Built
N/A
Class
N/A
Zoning
R3
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $1,173,000 $0 $1,173,000

Mortgage Calculator for 5950 124a Street

/month
Principal & Interest
Property Taxes $490
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($235,976), the estimated monthly payment for this listing is $4,996/month — $4,506 principal & interest, $490 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
At an estimated rental income of $3,463/month, this property runs a $1,683/month shortfall after mortgage and carrying costs. Break-even requires approximately 50% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 5950 124a 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 — Panorama Ridge, Surrey

Beds Home Types Square Feet Lot Size Year Built
This Home $1,179,879
Surrey Loading...
Panorama Ridge Loading...

Based on 2 comparable active properties in Panorama Ridge, the average asking price is $1,100,000. This listing is priced 7.3% above 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 5950 124a Street

Walk Score Badge
Car-Dependent 39

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 40

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
45

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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