PENINSULA PARK Jewel! Nestled on one of Elgin's most picturesque streets, this pristine 4,156 sqft executive residence sits on a rare, sundrenched 15,594 sqft western-exposed lot. The main level boasts elegant formal living and dining rooms alongside a breathtaking, light-filled Great Room with floor-to-ceiling windows. The Gourmet Kitchen features premium granite counters, custom cabinetry, and high-end stainless appliances. Upstairs, the majestic Principal Suite offers a luxurious spa-inspired ensuite and a vast walk-in closet. Step outside to an expansive entertainment deck overlooking a true gardener's dream yard-a massive, private botanical oasis. FAMILY PERFECTION: Enjoy the ultimate convenience of an effortless, safe walk to top-ranked school catchments.
Listed by Parallel 49 Realty. Last updated Jul 9, 2026, 10:25 PM.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $537,600 down (20%) on $2,688,000, 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.
Inventory mix
What this area trades in
Within 3 km of this listing · 549 listings
Detached
363
66.1%
Condo / Apartment
89
16.2%
Townhouse
77
14.0%
Land
10
1.8%
Half-duplex
6
1.1%
Other
4
0.7%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
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.
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 #59152643· Surrey· Transit 56/100 (1213m to frequent)· 0.98 km²
Median rent here
$3,200
Owner shelter cost
$1,740
Renters
14.3%
30%+ on shelter
41.5%
Population (2021)
697
Median age
44.0
Avg household size
3.3
Avg household income
$147,000
Renters
14.3%
Owners
85.7%
Immigrants
38.2%
Post-secondary
59.3%
Avg home value
$3,360,000
Single status
25.2%
Not in labour force
58.3%
Households with kids
55.8%
Median rent
$3,200
Owner shelter cost
$1,740
30%+ on shelter
41.5%
Breakdown
Under $5,000
5
2.4%
$30,000 to $34,999
5
2.4%
$35,000 to $39,999
5
2.4%
$40,000 to $44,999
10
4.8%
$45,000 to $49,999
5
2.4%
$50,000 to $59,999
5
2.4%
$60,000 to $69,999
10
4.8%
$70,000 to $79,999
5
2.4%
$80,000 to $89,999
15
7.1%
$90,000 to $99,999
15
7.1%
$100,000 to $124,999
20
9.5%
$125,000 to $149,999
20
9.5%
$150,000 to $199,999
25
11.9%
$200,000 and over
65
31.0%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59152643).
Market story
Rent in Surrey
Census 2021 avg $3,200/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
