11224 Wallace Dr, Surrey BC - Land for Sale - MLS# R3090424

$1,034,000
Est. Mortgage $4,574/mo
0 sqft
$1,034,000
Est. $4,574/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
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Property Details for 11224 Wallace Drive

Unlock the potential of this expansive bare land and bring your dream home to life! Located in the highly desirable Bolivar Heights, this level lot spans 6374 sqft, providing ample space for your vision. All services are readily available, ensuring a smooth and efficient building process. With no existing structures, you have the freedom to create a home that perfectly suits your needs and preferences. Enjoy the convenience of nearby parks, schools, recreational amenities, shopping centers, and excellent transit options. Seamless access to highways ensures effortless commuting and easy exploration of the surrounding areas. Don't miss out on this exceptional opportunity to turn your vision into a reality. Contact us today and make your dream home a tangible achievement!

Exterior Features

View Description Potential water and mountain
Structures Land Only

Building Details

Price $1,034,000
Property Type Land
Ownership Type Freehold NonStrata
Community Features Near Shopping
Utility Type Sanitary Sewer Available, Storm Sewer Available, Electricity Available, Natural Gas Available, Phone Nearby, Cable Available
Water (WaterSource) Public

Lot & Land

Lot Size 6374
Lot Size Depth Feet
Lot Size Frontage 56
MLS® # R3090424
Area North Surrey
Neighbourhood Bolivar Heights
City Surrey
Postal Code V3R 5T1
Gross Taxes 0
Zoning RF

Property Timeline

Status Date Price
R3090424 / Active 02-17-2026 $1,034,000

Listed by: Royal Pacific Realty Corp.

NOTE: 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 Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Map & Neighbourhood

Public Schools

Secondary
Guildford Park Secondary School
1.11 km
Elementary
Ellendale Elementary School
0.53 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Iqra School
Above Average
0.93 km
9.7/10
Secondary
Honour Secondary School
0.79 km

Closest Transit

Bus Stop
Northbound Wallace Dr @ Ellendale Dr
0.1 km
Skytrain
Skytrain @ Gateway Stn
2.78 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Below Average
Property Crime Rate
Average

Demographics

Post-Secondary Education
Below Average
11.3%
No Certificate/Degree
Above Average
15.5%
Owner Occupied
Average
67%
Employment Rate
Above Average
69.6%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 11224 Wallace Drive

BC Assessment Value — 11224 Wallace Drive

2026 assessed value, sourced from City of Surrey open data (PID 031-712-452).
Total Assessed Value (2026)
$1,024,000
2026 Value Trend
Land
$1,024,000
Buildings
$0
Year Built
N/A
Class
N/A
Zoning
R3
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $1,024,000 $0 $1,024,000

Mortgage Calculator for 11224 Wallace Drive

/month
Principal & Interest
Property Taxes $0
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($206,800), the estimated monthly payment for this listing is $3,949/month — $3,949 principal & interest.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
At an estimated rental income of $3,195/month, this property runs a $886/month shortfall after mortgage and carrying costs. Break-even requires approximately 38% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Bolivar Heights, Surrey

Beds Home Types Square Feet Lot Size Year Built
This Home $1,034,000
Surrey Loading...
Bolivar Heights Loading...

Based on 4 comparable active properties in Bolivar Heights, the average asking price is $1,012,833. This listing is priced 2.1% above the neighbourhood average.

Data is based on list prices of similar active listings. 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

Listing Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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