Property Type: TownhouseOwnership: Strata

42 5839 PANORAMA DRIVE

Surrey, BC V3S0P4

$699,000

3 bed3 bath2 parking1,390 sqftBuilt 2003
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Row / Townhouse

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$391/mo
Annual property tax
$3,326.99 (2024)

Interior

Basement
None, Unknown
Heating
Baseboard heaters, Electric
Fireplace
None

Parking

Total spaces
2 — covered indicated
Features
Garage, Visitor Parking

Restrictions & Policies

Pets
Allowed with restrictions
Rentals
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3133048
Listed
June 6, 2026
Time on market
On the market for 87 days
Tax assessment year
2024
Data last synced
August 28, 2026

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

Description

RENOVATED. WALKOUT TO FULLY FENCED YARD. BATHROOM ON THE MAIN FLOOR. This bright 3 bedroom corner unit has been beautifully updated with newer flooring throughout, newer appliances, & a fully renovated kitchen, making it truly move-in ready. What truly sets this home apart is one of the largest fenced yards in the complex, offering rare outdoor space for a townhouse. With direct walk-out access from the KITCHEN the backyard feels like a natural extension of your living space--perfect for pets, gardening, relaxing, or entertaining in your own private garden retreat. The open and functional layout includes a sought after powder room on the main floor. All of this within walking distance to shopping, schools, the YMCA, & transit for ultimate convenience. Open House Sat Aug 15th 12pm-1:30pm (id:63159)

Values & Trends

This listing

$503/sqft

Building average

$618/sqft

1 active listing(s)

Surrey average

$504/sqft

920 active listing(s)

Parking: 2 stall(s) includedStorage 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.

Townhouse Market Stats — Surrey

Monthly figures from the Fraser Valley Real Estate Board for Surrey townhouselistings — not specific to this property.

MLS® HPI Benchmark Price

$753,000

Jul 2026

Average Sale Price

$718,941

Jul 2026

Monthly Sales

67

Jul 2026

Active Listings

453

Jul 2026

Sales-to-Active Ratio

15.0%

Jul 2026

Median Days to Contract

34 days

Jul 2026

MLS® HPI Benchmark Price

$960,200
$722,100
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

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

59

8/9 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
Sullivan ElementaryElementary411 m
Cambridge ElementaryElementary658 m
Goldstone Park ElementaryElementary1.4 km
Regent Christian Academy(Independent)K-121.6 km
Sullivan Heights SecondaryElementary1.7 km
Woodward Hill ElementaryElementary2.0 km
McLeod Road TraditionalElementary2.2 km
T E Scott ElementaryElementary2.7 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
Northbound 152 St @ 58A Ave116 m
Southbound 152 St @ Panorama Dr116 m
Southbound 152 St @ 60 Ave310 m
Westbound 60 Ave @ 152 St359 m
Northbound 152 St @ Hwy 10389 m

Nearby Places

Restaurants (5+)

  • Twisted Indian · 5717 152 Street232 m
  • White Spot · 15157 Highway 10318 m
  • The Chopped Leaf · 15161 56 Ave418 m
  • Mahek Restaurant & Lounge · 15133 56 Ave453 m
  • Nonstop Chicken · 15141 Highway 10459 m

Cafes (4)

  • Boba Boy · 15127 Highway 10375 m
  • Starbucks · 15161 Highway 10418 m
  • West Village Cafe · 5620 152 Street466 m
  • Tim Hortons · 15255 Highway 10495 m

Grocery (1)

  • Fresh Street Market · 15127 Highway 10381 m

Parks (5+)

  • Edmund Park · 15149 Edmund Drive144 m
  • Springwood Forest Park180 m
  • Unnamed325 m
  • Unnamed335 m
  • Kettle Crescent Park398 m

Shopping (2)

  • Panorama Village334 m
  • Panorama Place · 15230 Highway 10592 m

Gyms (1)

  • Yoga 360 · 15375 Highway 10543 m

Pharmacies (3)

  • Shoppers Drug Mart · 15157 Highway 10389 m
  • Pharmasave · 15325 Highway 10477 m
  • Pharmacity Drugstore · 101-15230 Highway 10619 m

Banks & ATMs (5+)

  • BMO · 5661 152 Street293 m
  • CIBC · 15173 Highway 10335 m
  • TD · 5606 152 Street445 m
  • Canadian Western Bank · 15230 56 Avenue;Highway 10554 m
  • RBC Royal Bank · 15365 56 Avenue563 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,200.00
Periodic payment — Principal & Interest (monthly)$3,607.77
Additional monthly expenses (strata, tax, utilities, etc.)$738.23
Total monthly cost$4,346.00
Interest paid over 5-yr term$160,268.33
Balance at end of term$503,002.21

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,029.80

Cash Needed at Closing

Minimum down payment$44,900
Estimated BC PTT$11,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,380

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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