Property Type: Land / LotOwnership: Freehold

15590 56 AVENUE

Surrey, BC V3S5K7

$3,199,000

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Property Details

Property & Lot

Lot size
638,589.6 square feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$9,977.85 (2025)

Interior

Fireplace
None

Listing Information

MLS®
R3137039
Listed
June 17, 2026
Time on market
On the market for 75 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX Westcoast · Data source: CREA DDF.

Description

A unique opportunity to own farmland close to the city! This 14.66-acre vacant farmland boasts a 673 ft frontage along 56 Ave (Hwy 10) and a depth of 950 ft. Just a 5-minute drive to East Panorama Ridge/Sullivan Station/Cloverdale, 10 minutes to Morgan Creek in South Surrey, or a 15-minute drive to the US Border. Explore the possibility of building your dream home and/or cultivating your own farm. Neighboring properties are also on the market. (id:63159)

Location Insights

Weather

Nearest station: Langley

Clear

14°C

Clear

Humidity 87%

Wind S calm 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

30

7/9 categories nearby

Transit

27

4 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
Sullivan ElementaryElementary1.1 km
Cambridge ElementaryElementary1.6 km
A J McLellan ElementaryElementary2.2 km
Regent Christian Academy(Independent)K-122.4 km
Surrey Centre ElementaryElementary2.4 km
Goldstone Park ElementaryElementary2.5 km
Sullivan Heights SecondaryElementary2.7 km
Woodward Hill ElementaryElementary3.0 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
Eastbound Hwy 10 @ 152 St692 m
Northbound 152 St @ Hwy 10777 m
Northbound 152 St @ 54A Ave791 m
Southbound 152 St @ Hwy 10792 m

Nearby Places

Restaurants (2)

  • The Whole Bowl · 15345 Highway 10563 m
  • Ato Sushi Bar + Kitchen · 5571 152 Street738 m

Cafes (2)

  • Tim Hortons · 15255 Highway 10638 m
  • West Village Cafe · 5620 152 Street680 m

Parks (5+)

  • Kilkee Drive Park579 m
  • Kettle Crescent Park643 m
  • Unnamed689 m
  • Kettle Crescent Park747 m
  • Unnamed792 m

Shopping (1)

  • Panorama Place · 15230 Highway 10631 m

Gyms (1)

  • Yoga 360 · 15375 Highway 10500 m

Pharmacies (2)

  • Pharmasave · 15325 Highway 10594 m
  • Pharmacity Drugstore · 101-15230 Highway 10627 m

Banks & ATMs (5+)

  • Scotiabank · 15290 Highway 10513 m
  • RBC Royal Bank · 15365 56 Avenue516 m
  • BDC · 5577 153A Street541 m
  • Canadian Western Bank · 15230 56 Avenue;Highway 10671 m
  • TD · 5606 152 Street746 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($639,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,559,200.00
Periodic payment — Principal & Interest (monthly)$16,511.09
Additional monthly expenses (strata, tax, utilities, etc.)$831.49
Total monthly cost$17,342.58
Interest paid over 5-yr term$733,474.08
Balance at end of term$2,302,008.68

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$639,800
Stress test qualifying rate8.09%
Payment you must qualify for$19,679.35

Cash Needed at Closing

Minimum down payment$639,800
Estimated BC PTT$77,950
Legal / closing costs (typical estimate)$1,500
Total cash needed$719,250

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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