Property Type: Land / LotOwnership: Freehold

2.891AC 56 AVENUE

Surrey, BC V3S2J7

$1,199,900

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Property Details

Property & Lot

Lot size
125,931.96 square feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$5,765.82 (2026)

Interior

Fireplace
None

Listing Information

MLS®
R3150879
Listed
July 30, 2026
Time on market
On the market for 32 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: B.C. Farm & Ranch Realty Corp. · Data source: CREA DDF.

Description

2.891 ACRES, 3 TITLES & HUGE UPSIDE & POTENTIAL This offering is compiled of 3 titles, 0.055 Acres, 0.616 Acres & 2.22 Acres. Amazing location, minutes to Sullivan Station! Properties are set far back from the road providing ultimate privacy, and peace yet conveniently located. BC Assessment for all 3 properties = $1,385,000. Properties currently do not have access or services. However ADDITIONAL OFFERING R3150890, 2/3 interest in property directly in front 16212 56 Avenue, Surrey which is 7.7 acres with blueberries and 3276 SQ/FT home offered for $2,150,000. Call to discuss further. (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

11

1/9 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 ElementaryElementary1.1 km
Sullivan Heights SecondaryElementary1.3 km
Goldstone Park ElementaryElementary1.4 km
Cambridge ElementaryElementary1.5 km
McLeod Road TraditionalElementary1.6 km
Sullivan ElementaryElementary1.8 km
Hyland ElementaryElementary2.4 km
North Ridge ElementaryElementary2.4 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

StopTypeDistance
Southbound 144 St @ 57 Ave297 m
Northbound 144 St @ 57 Ave298 m
Eastbound 57 Ave @ 142 St436 m
Westbound 57 Ave @ 142 St465 m
Southbound 144 St @ 60 Ave784 m

Nearby Places

Parks (4)

  • Unnamed127 m
  • 73C - Greenbelts298 m
  • 73K - Greenbelt593 m
  • Goldstone Park634 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 7.9% ($94,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$959,920.00
Periodic payment — Principal & Interest (monthly)$6,193.08
Additional monthly expenses (strata, tax, utilities, etc.)$480.48
Total monthly cost$6,673.56
Interest paid over 5-yr term$275,115.83
Balance at end of term$863,451.14

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$94,990
Stress test qualifying rate8.09%
Payment you must qualify for$8,496.37

Cash Needed at Closing

Minimum down payment$94,990
Estimated BC PTT$21,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$118,488

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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