Property Type: Detached HouseOwnership: Freehold

17027 40 AVENUE

Surrey, BC V3S0L5

$3,485,000

4 bed2 bath1,816 sqftBuilt 1960
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Property Details

Property & Lot

Sub-type
House
Lot size
9.43 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,096.18 (2025)

Interior

Basement
Finished, Full, Separate entrance
Heating
Natural gas
Fireplace
None

Exterior & Lot

View
Mountain view, Valley view

Parking

Features
Open, Other

Listing Information

MLS®
R3080278
Listed
January 22, 2026
Time on market
On the market for 221 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: eXp Realty of Canada, Inc. · Data source: CREA DDF.

Description

9.43 ACRES WITH TWO HOUSES AND BLUEBERRY FARM! Rare opportunity to build your dream home of 5,400 SQ/FT 600 Feet from 40 Avenue, and access to all utilities (City Water, Gas, Hydro, and Electricity). Centrally located just east of Morgan Creek with amazing valley and mountain views. The property has 2 - 1,800 square feet of houses. The first house has 2 bedrooms & 1 bath with an unfinished basement; the second house has a total of 4 bedrooms & 2 baths. 10,000 SQ/FT Preload area approved for a 7,700 SQ/FT Building. The property is planted in three-year-old Liberty variety blueberry with full drip irrigation. Close to all amenities; schools, transit, and shopping. Easy access to Highway #10, Highway #15, and the US Border. (id:63159)

Values & Trends

This listing

$1,919/sqft

Building average

No other active listings in this building

Surrey average

$690/sqft

1844 active listing(s)

Parking: Not indicatedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Detached (House) Market Stats — Surrey

Monthly figures from the Fraser Valley Real Estate Board for Surrey detached (house)listings — not specific to this property.

MLS® HPI Benchmark Price

$1,325,500

Jul 2026

Average Sale Price

$1,364,812

Jul 2026

Monthly Sales

61

Jul 2026

Active Listings

692

Jul 2026

Sales-to-Active Ratio

9.0%

Jul 2026

Median Days to Contract

43 days

Jul 2026

MLS® HPI Benchmark Price

$1,793,500
$1,325,500
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: Langley

Partly Cloudy

12°C

Partly Cloudy

Humidity 95%

Wind N 3 km/h

Today

21°

Tonight

16°

Wednesday

19°

Wednesday night

14°

Thursday

18°

Thursday night

13°

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.

Nearby Schools

SchoolTypeDistance
Pacific Heights ElementaryElementary3.1 km
Morgan ElementaryElementary3.2 km
Grandview Heights SecondaryElementary3.2 km
Rosemary Heights ElementaryElementary3.3 km
SD 36 Alternate Cloverdale LCSecondary3.4 km
Cloverdale Learning CentreSecondary3.4 km
Sunnyside ElementaryElementary3.4 km
Cloverdale TraditionalElementary3.5 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

No TransLink stops within an ~10-minute walk.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($697,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,788,000.00
Periodic payment — Principal & Interest (monthly)$17,987.23
Additional monthly expenses (strata, tax, utilities, etc.)$265.68
Total monthly cost$18,252.91
Interest paid over 5-yr term$799,048.81
Balance at end of term$2,507,815.02

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$697,000
Stress test qualifying rate8.09%
Payment you must qualify for$21,438.74

Cash Needed at Closing

Minimum down payment$697,000
Estimated BC PTT$92,250
Legal / closing costs (typical estimate)$1,500
Total cash needed$790,750

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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