Property Type: Land / Lot

14318 60 AVENUE

Surrey, BC V3X2N5

$7,500,000

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Property Details

Property & Lot

Lot size
50,529.6 square feet

Ownership & Fees

Property type
Land / Lot
Annual property tax
$31,208.55 (2026)

Interior

Fireplace
None

Listing Information

MLS®
C8081438
Listed
August 21, 2026
Time on market
On the market for 10 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: Homelife Advantage Realty Ltd. · Data source: CREA DDF.

Description

1.16-acre condo development site in South Newton, with 3rd Reading approval and a PLA in place for 112 units. Conveniently located near several schools and a variety of amenities. Buyers and their agents must independently verify all information and complete all inspections and due diligence they consider necessary before entering into a binding agreement. DISCLAIMER: Property sold "as is, where is." Buyer and Buyer's agent to independently verify all information and complete all required due diligence. Seller and listing agent make no representations or warranties. (id:63159)

Location Insights

Weather

Nearest station: Langley

Mainly Clear

16°C

Mainly Clear

Humidity 78%

Wind S 3 km/h

Tonight

14°

Tuesday

21°

Tuesday night

16°

Wednesday

19°

Wednesday night

14°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

568,322

(2021 Census)

+9.7% since 2016

Density: 1,797.9/km²

Dwellings: 195,098

Median household income: $98,000

After-tax: $87,000

Immigrant population: 44.6%

Top countries of origin (% of total population)

  • India16.9% · 95,905
  • Philippines5.2% · 29,510
  • China4.2% · 23,850
  • United Kingdom1.5% · 8,320
  • Korea, South1.2% · 6,995
  • Viet Nam1.1% · 6,425
  • Pakistan1% · 5,710
  • Taiwan1% · 5,540

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

19

2/9 categories nearby

Transit

33

5 stop(s) within 800m

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Woodward Hill ElementaryElementary278 m
Sullivan Heights SecondaryElementary496 m
McLeod Road TraditionalElementary744 m
Goldstone Park ElementaryElementary778 m
Cambridge ElementaryElementary1.4 km
Hyland ElementaryElementary1.5 km
North Ridge ElementaryElementary1.7 km
Sullivan ElementaryElementary1.9 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

StopTypeDistance
Westbound 60 Ave @ 144 St122 m
Southbound 144 St @ 60 Ave169 m
Northbound 144 St @ 60 Ave195 m
Northbound 142 St @ 60 Ave221 m
Eastbound 60 Ave @ 144 St232 m

Nearby Places

Parks (5+)

  • Woodward Hill Park127 m
  • Unnamed343 m
  • 73K - Greenbelt397 m
  • 73C - Greenbelts630 m
  • Owl Park724 m

Pharmacies (1)

  • Pharmasave · 14199 62 Avenue500 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($1,500,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$6,000,000.00
Periodic payment — Principal & Interest (monthly)$38,709.96
Additional monthly expenses (strata, tax, utilities, etc.)$2,600.71
Total monthly cost$41,310.68
Interest paid over 5-yr term$1,719,617.25
Balance at end of term$5,397,019.41

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$1,500,000
Stress test qualifying rate8.09%
Payment you must qualify for$46,137.90

Cash Needed at Closing

Minimum down payment$1,500,000
Estimated BC PTT$293,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,794,500

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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