- Active
12921 56 Avenue
Panorama Ridge, Surrey · Single Family Residence
- Beds
- 5
- Baths
- 3
- Sqft
- 3,380
- Built
- 1935
Listed by RE/MAX Treeland Realty · MLS® R3150097
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Sign inListing history
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About this home
SUBDIVISION POTENTIAL – APPROX. 3 LOTS! Rare opportunity to own 1.61 acres in prestigious Panorama Ridge. Zoned R1 (½ Acre Residential) with Suburban 1 OCP designation, offering potential for an approximate 3-lot subdivision (buyer to verify with City of Surrey). Features 2 road frontages, city water, and sewer at 56 Ave. The existing 3,400 sq. ft. Tudor-style home offers 6 bedrooms and 3 bathrooms on a private, park-like property with mature fruit trees and is on septic. Surrounded by luxury estate homes and easy access to King George Blvd, HWY to Richmond, and South Surrey/White Rock. Build, develop, or hold as an investment. Opportunity awaits!
Home facts
- Bedrooms
- 5
- Bathrooms
- 3 full
- Interior
- 3,380 sq ft
- Lot size
- 1.61 acres
- Year built
- 1935
- Storeys
- 2
- Parking
- 4
- Property type
- Single Family Residence
- Basement
- None
- Garage
- Yes
- Carport
- No
- Fireplaces
- 2
- Area
- Surrey
- Sub-area
- Panorama Ridge
- Structure
- Residential Detached
Highlights
- Private yard
Features and inclusions
- Appliances
- Washer/Dryer
- Heating
- Natural Gas
- Parking
- Garage Double
- Lot
- Private
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.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $21,329
- Property tax
- $1,317/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $22,796
Purchase snapshot
- List price
- $4,500,000
- Down payment
- $900,000 (20%)
- Estimated mortgage
- $3,600,000
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $15,423
- At 3.4273 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
Space and layout
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Home value
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Documents
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