Property Type: Land / LotOwnership: Freehold

18237 PARSONS DRIVE

Surrey, BC V4N4K1

$1,218,888

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Property Details

Property & Lot

Lot size
10,010 square feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$5,072.66 (2025)

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Listing Information

MLS®
R3128377
Listed
May 27, 2026
Time on market
On the market for 96 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: The Agency White Rock · Data source: CREA DDF.

Description

Design your dream home in Fraser Heights on the best priced lot in the area! This 10,010 sq. ft. lot includes plans for a 5500+ sq. ft. custom home with three levels and a triple garage. Tucked on a quiet street, enjoy sweeping North Shore Mountain views and a tranquil setting. Located in the sought-after Dogwood/Fraser Wood Elementary and Fraser Heights Secondary catchments, this property combines family-friendly living with excellent schools. Enjoy quick access to Hwy 1, 15, and 17 for commuting to Vancouver, Burnaby, Langley, or Abbotsford. Fraser Heights is celebrated for its safe, vibrant community, parks, and trails, while remaining close to shopping, restaurants, and Guildford Town Centre. A rare opportunity to build in one of Surrey's most desirable neighbourhoods! (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.

Nearby Schools

SchoolTypeDistance
Bothwell Elementary SchoolElementary2.4 km
Port Kells ElementaryElementary2.7 km
Pacific Academy(Independent)K-122.9 km
Gobind Sarvar School(Independent)K-123.5 km
Fraser Wood ElementaryElementary4.0 km
Coast Meridian ElementaryElementary4.2 km
Serpentine Heights ElementaryElementary4.3 km
Pitt Meadows SecondarySecondary4.4 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: 7.9% ($96,889) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$975,110.00
Periodic payment — Principal & Interest (monthly)$6,291.08
Additional monthly expenses (strata, tax, utilities, etc.)$422.72
Total monthly cost$6,713.80
Interest paid over 5-yr term$279,469.33
Balance at end of term$877,114.60

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$96,889
Stress test qualifying rate8.09%
Payment you must qualify for$8,627.78

Cash Needed at Closing

Minimum down payment$96,889
Estimated BC PTT$22,378
Legal / closing costs (typical estimate)$1,500
Total cash needed$120,767

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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