DUPLEX WITH TWO SEPARATE PIDs ON A MASSIVE 13,808 SQ. FT. LOT! Zoned R2 – Quarter Acre Residential and designated Urban I in the Surrey 2050 OCP, this is a rare opportunity to secure a premier holding property with exceptional future redevelopment potential. The existing 3,503 sq. ft. home offers 7 bedrooms and 3 bathrooms, generous living spaces, beautifully maintained front and back yards, a massive patio, swimming pool, ample storage, and stunning panoramic views of the Surrey skyline and North Shore Mountains. Ideal to live in, generate strong rental income, or hold while maximizing the property's future potential. Buyers to verify development opportunities with the City of Surrey. Unique opportunity to own a large parcel in one of Surrey's evolving neighbourhoods with longterm upside.
Property details
7
Beds
3 full
Baths
3,503 ft²
Floor area
13,808 ft²
Lot size
1958
Year built
2
Storeys
10
Parking
$6,168/yr
Gross tax
Location & structure
Single Family Residence
Type
Finished
Basement
Yes
Carport
1
Fireplace
North Surrey
Area
Cedar Hills
Sub-area
Basement Entry
Style
Style
Basement Entry
Basement
Finished
Structure
Residential Detached
Property highlights
Balcony
Pool
In-suite laundry
Patio
Features & inclusions
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Heating
Forced Air, Natural Gas
Parking
Carport Multiple
Laundry
In Unit
Additional details
Entry
Exterior Entry
Main floor (ground)
2,232 ft²
Tax year
2025
Listed by eXp Realty of Canada, Inc.. Data from BCRES. Last updated Jul 7, 2026, 10:50 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 $294,000 down (20%) on $1,470,000, 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 · 1,084 listings
Condo / Apartment
603
55.6%
Detached
339
31.3%
Townhouse
60
5.5%
Land
45
4.2%
Half-duplex
21
1.9%
Other
16
1.5%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Surrey · 155 dwellings
Apartment in duplex90 · 58.1%
Single-detached45 · 29.0%
Semi-detached10 · 6.5%
Low-rise apartment10 · 6.5%
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 #59152190· Surrey· Transit 54/100 (2287m to rapid)· 0.15 km²
Median rent here
$1,240
Owner shelter cost
$2,440
Renters
35.5%
30%+ on shelter
38.7%
Population (2021)
510
Median age
32.4
Avg household size
3.3
Avg household income
$104,000
Renters
35.5%
Owners
61.3%
Immigrants
34.0%
Post-secondary
38.8%
Avg home value
$1,220,000
Single status
37.6%
Not in labour force
31.8%
Households with kids
35.5%
Median rent
$1,240
Owner shelter cost
$2,440
30%+ on shelter
38.7%
Breakdown
$20,000 to $24,999
10
6.7%
$35,000 to $39,999
10
6.7%
$40,000 to $44,999
5
3.3%
$45,000 to $49,999
10
6.7%
$50,000 to $59,999
10
6.7%
$60,000 to $69,999
10
6.7%
$70,000 to $79,999
10
6.7%
$80,000 to $89,999
5
3.3%
$90,000 to $99,999
15
10.0%
$100,000 to $124,999
15
10.0%
$125,000 to $149,999
15
10.0%
$150,000 to $199,999
20
13.3%
$200,000 and over
15
10.0%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59152190).
Market story
Rent in Surrey
Census 2021 avg $1,240/mo here · Vancouver 4BR rent (est) 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
