Rare 1-acre ocean view estate opportunity in prestigious West Panorama Ridge. Surrounded by luxury custom homes, this exceptional property offers the perfect setting to build your dream estate in one of Surrey’s most desirable neighborhoods. Enjoy privacy, mature trees, and beautiful views toward the ocean, with even greater view potential from a future custom home. The existing residence provides flexibility while you plan your vision, but the true value is in the land, location, and lifestyle. Minutes to Colebrook Elementary, parks, golf, Hwy 99, and the U.S. border. A rare opportunity for builders, investors, or families seeking to create a legacy estate.
Property details
4
Beds
2 full + 1 half
Baths
2,133 ft²
Floor area
43,537 ft²
Lot size
1967
Year built
2
Storeys
4
Parking
$8,510/yr
Gross tax
Location & structure
Single Family Residence
Type
Full
Basement
Yes
Garage
Yes
Carport
1
Fireplace
Surrey
Area
Panorama Ridge
Sub-area
Basement
Full
Structure
Residential Detached
Property highlights
Ocean view
Features & inclusions
Appliances
Washer/Dryer, Refrigerator
Heating
Forced Air
Parking
Front Access
Additional details
Levels
Two
Main floor (ground)
1,269 ft²
Tax year
2025
Listed by LeHomes Realty Premier. Data from BCRES. Last updated Jul 8, 2026, 5:21 PM.
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 $739,600 down (20%) on $3,698,000, 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 · 284 listings
Detached
183
64.4%
Townhouse
66
23.2%
Condo / Apartment
17
6.0%
Land
17
6.0%
Duplex
1
0.4%
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 · 250 dwellings
Single-detached225 · 90.0%
Apartment in duplex25 · 10.0%
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 #59152289· Surrey· Transit 69/100 (558m to frequent)· 1.85 km²
Median rent here
$2,200
Owner shelter cost
$2,660
Renters
23.6%
30%+ on shelter
18.5%
Population (2021)
925
Median age
48.0
Avg household size
3.7
Avg household income
$208,000
Renters
23.6%
Owners
74.5%
Immigrants
39.4%
Post-secondary
55.2%
Avg home value
$2,340,000
Single status
31.7%
Not in labour force
38.3%
Households with kids
35.3%
Median rent
$2,200
Owner shelter cost
$2,660
30%+ on shelter
18.5%
Breakdown
$30,000 to $34,999
5
2.0%
$45,000 to $49,999
5
2.0%
$50,000 to $59,999
10
4.1%
$60,000 to $69,999
10
4.1%
$70,000 to $79,999
5
2.0%
$80,000 to $89,999
10
4.1%
$90,000 to $99,999
10
4.1%
$100,000 to $124,999
25
10.2%
$125,000 to $149,999
25
10.2%
$150,000 to $199,999
45
18.4%
$200,000 and over
95
38.8%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59152289).
Market story
Rent in Surrey
Census 2021 avg $2,200/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
