Property Type: Land / LotOwnership: Freehold

18956 62 AVENUE

Surrey, BC V3S8A3

$1,099,000

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Property Details

Property & Lot

Lot size
7,229 square feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$5,909.95 (2025)

Interior

Fireplace
None

Listing Information

MLS®
R3141928
Listed
July 2, 2026
Time on market
On the market for 60 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX 2000 Realty · Data source: CREA DDF.

Description

Building plans available for Single Family home and Duplex. Located in the sought after area of Cloverdale. Property backs onto City Park. Great location close to both levels of schools, shopping. Don't miss out on this opportunity! (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

6/9 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
Latimer Road ElementaryElementary649 m
Sunrise Ridge ElementaryElementary653 m
Bibleway Christian Academy(Independent)Elementary702 m
Hillcrest ElementaryElementary1.0 km
Don Christian ElementaryElementary1.1 km
Martha Currie ElementaryElementary1.4 km
Clayton Heights SecondaryElementary1.6 km
Gwa'sala-'Nakwaxda'xw School(Independent)Elementary1.6 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 @ 190 St389 m
Eastbound 60 Ave @ 189A St401 m
Eastbound 64 Ave @ 190 St472 m
Westbound 64 Ave @ 190 St474 m
Eastbound 60 Ave @ 188 St483 m

Nearby Places

Restaurants (4)

  • Pizza Knight666 m
  • Hugo's Mexican Kitchen · 19181 Fraser Highway691 m
  • Unnamed756 m
  • Deluxe Noodle House · 19255 Fraser Highway756 m

Cafes (1)

  • Tim Hortons · 19171 Fraser Highway704 m

Parks (3)

  • East View Park136 m
  • Unnamed653 m
  • Clover Ridge Park795 m

Gyms (1)

  • 9Round666 m

Pharmacies (1)

  • Pharmasave666 m

Banks & ATMs (1)

  • Scotiabank · 19181 Fraser Highway672 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 7.7% ($84,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$879,200.00
Periodic payment — Principal & Interest (monthly)$5,672.30
Additional monthly expenses (strata, tax, utilities, etc.)$492.50
Total monthly cost$6,164.80
Interest paid over 5-yr term$251,981.25
Balance at end of term$790,843.24

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$84,900
Stress test qualifying rate8.09%
Payment you must qualify for$7,798.07

Cash Needed at Closing

Minimum down payment$84,900
Estimated BC PTT$19,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$106,380

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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