$5,999,000

12866 56 AVENUE

Surrey BC V3X 2Y9 - Panorama Ridge
5 bd
3 ba
2,763 sqft
Built 1970

About This Property

Rare 2.34-acre parcel in Panorama Ridge with subdivision potential! This duplex-style property includes an attached secondary suite. Services accessible from the front on 56 Avenue, with a future back lane planned for additional access. Please do not disturb tenants. A unique investment opportunity in a highly desirable area. Contact listing agent for more…

Features

Carport Single
Open
Front Access
Room measurements9 rooms
BedroomMain · 11'0 × 12'0
Primary BedroomMain · 14'0 × 18'4
Living RoomMain · 16'10 × 18'6
KitchenMain · 9'9 × 13'10
Dining RoomMain · 11'0 × 15'7
BedroomMain · 9'0 × 10'0
BedroomMain · 10'0 × 10'0
Primary BedroomAbove · 14'0 × 22'0
DenAbove · 9'0 × 9'0

Property Details

MLS NumberR3111036
Property TypeSingle Family Residence
Bedrooms5
Bathrooms3
Square Feet2,763
Lot Size101,930.4 sqft
Year Built1970
Parking Spaces10
HeatingHot Water, Natural Gas
Days on Market135
StatusActive
Listed ByLPT Realty ULC

School Catchment

Elementary Colebrook
Secondary Panorama Ridge

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$2,000,000Median home value
$156,000Median household income
74.4%Owner-occupied
81.8%Single-detached homes
3.5Avg household size
48Median age
33.3%Bachelor's degree or higher (25-64)
58.3%Commute under 30 min
90%Drive to work
36.3%Foreign-born residents
1,546Neighbourhood population

Age

Under 15: 10.7%15 to 64: 67.6%65 and over: 21.7%
  • Under 1510.7%
  • 15 to 6467.6%
  • 65 and over21.7%

Household size

  • 1 person9.1%
  • 230.7%
  • 317%
  • 415.9%
  • 5 or more27.3%

Language spoken at home

46% English mother tongue

  • Punjabi34%
  • English + other5.2%
  • Mandarin3.2%
  • Cantonese1.9%
  • Spanish1.3%
  • Hindi1.3%
  • All others7.1%

Mother tongue, share of 1,545 residents.

How this pocket differs

  • fewer children under 15 than Panorama Ridge 10.7% vs 15.5%
  • more seniors 65+ than Panorama Ridge 21.7% vs 17%
  • fewer people living alone than Panorama Ridge 9.1% vs 13.3%
  • fewer 4-person households than Panorama Ridge 15.9% vs 20.1%
  • notably more Mandarin speakers than Panorama Ridge 3.2% vs 1.7%
  • Median household income is notably higher than Metro Vancouver $156,000 vs $90,000
  • Median dwelling value is notably higher than Metro Vancouver $2,000,000 vs $1,050,000

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

Thinking of selling in Panorama Ridge?

See what your home could be worth and how the local market is moving.

Monthly Cost Calculator

Estimated monthly cost $29,041
Mortgage payment$27,152
Property tax$1,389
Home insurance$500
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An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax. 5-year fixed, as of Aug 25

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