Home Surrey, BC Panorama Ridge 5950 124a Street

5950 124a St, Surrey BC – Land for Sale – MLS® R3139953

5950 124a Street, Surrey, British Columbia V3X 1X3

118 days on the market

$1,149,879

Est. Mortgage $5,087/mo

Listing updated: Sep 22, 2026 at 01:03pm

EstateBlock checked: Oct 20, 2026 at 05:45am

0 sqft

16.8% cheaper than comps

Photo

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. This property is still available and open to reasonable offers.

Exterior Features

Structures	Land Only

Building Details

Price	$1,149,879
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	$1,149,879

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

64 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $1,343,059

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Market conditions

Market conditions unavailable

Flood Risk

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

118 DOM

Listed

Panorama Ridge avg

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Surrey avg

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5950 124a Street has a sell-speed score of 64/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 16.8% below comparable active properties in Panorama Ridge, 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 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. 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 —	N/A	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

Car-Dependent 40

Walk Score - Car-Dependent

Most errands require a car

Some Transit 40

Transit Score - Some Transit

A few nearby public transportation options

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

Year Built

N/A

Class

N/A

Zoning

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 ($229,976), the estimated monthly payment for this listing is $4,882/month — $4,392 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.

Investment Cashflow Calculator

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Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

At an estimated rental income of $3,375/month, this property runs a $1,653/month shortfall after mortgage and carrying costs. Break-even requires approximately 51% 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

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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.