3,624 Sqft. fully serviced lot in the highly desirable Royal Heights neighborhood of North Surrey. An exceptional opportunity to build a spacious 3-storey home with two basement suites, offering excellent mortgage-helper or investment potential. Enjoy beautiful Fraser River views and a central location close to shopping, schools, parks, recreation, and public transit. Easy access to major highways makes commuting convenient in all directions. Surrounded by established homes in a family-friendly community, this is the perfect lot for builders, investors, or families looking to create their dream home in a prime location. For more details call.
Property details
3,624 ft²
Lot size
$2,971/yr
Gross tax
Location & structure
Land
Type
North Surrey
Area
Royal Heights
Sub-area
Structure
Land Only
Property highlights
Private yard
Features & inclusions
Lot
Central Location, Lane Access, Recreation Nearby
Community
Near Shopping
Additional details
Tax year
2025
Listed by Investa Prime Realty. Data from BCRES. Last updated Jul 6, 2026, 11:43 AM.
This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $186,000 down (20%) on $930,000, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Inventory mix
What this area trades in
Within 3 km of this listing · 700 listings
Condo / Apartment
287
41.0%
Detached
264
37.7%
Townhouse
76
10.9%
Land
38
5.4%
Half-duplex
19
2.7%
Other
16
2.3%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Census 2021 dwelling structural-type mix · Surrey · 385 dwellings
Single-detached205 · 53.2%
Apartment in duplex165 · 42.9%
Low-rise apartment10 · 2.6%
Semi-detached5 · 1.3%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59152186· Surrey· Transit 52/100 (2396m to rapid)· 0.39 km²
Median rent here
$1,480
Owner shelter cost
$2,340
Renters
35.4%
30%+ on shelter
29.5%
Population (2021)
1,219
Median age
39.2
Avg household size
3.2
Avg household income
$115,200
Renters
35.4%
Owners
63.3%
Immigrants
38.6%
Post-secondary
47.2%
Avg home value
$1,190,000
Single status
32.0%
Not in labour force
35.4%
Households with kids
35.9%
Median rent
$1,480
Owner shelter cost
$2,340
30%+ on shelter
29.5%
Breakdown
Under $5,000
5
1.3%
$25,000 to $29,999
10
2.7%
$30,000 to $34,999
10
2.7%
$35,000 to $39,999
10
2.7%
$40,000 to $44,999
10
2.7%
$45,000 to $49,999
15
4.0%
$50,000 to $59,999
30
8.0%
$60,000 to $69,999
25
6.7%
$70,000 to $79,999
30
8.0%
$80,000 to $89,999
25
6.7%
$90,000 to $99,999
20
5.3%
$100,000 to $124,999
35
9.3%
$125,000 to $149,999
40
10.7%
$150,000 to $199,999
60
16.0%
$200,000 and over
50
13.3%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59152186).
Market story
Rent in Surrey
Census 2021 avg $1,480/mo here · Vancouver 2BR rent trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
Vancouver CMA rental snapshot · 2025
Purpose-built vacancy
3.7%
Avg 2BR rent
$2,363
+2.2% YoY
Condo vacancy
1.5%
Avg 2BR condo rent
$2,900
Source: CMHC Rental Market Report (2025)
CMHCVancouver outlook
From the CMHC Spring 2026 Housing Supply Report · Mar 2026
