16429 40 Ave, Surrey BC - Land for Sale - MLS# R3108072

$3,400,000
Est. Mortgage $15,042/mo
Morgan Creek
0 sqft
$3,400,000
Est. $15,042/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 16429 40 Avenue

Sought after Morgan Creek neighbourhood. Levelled and drained Prime 10.9 acres of fertile farm land close to all city amenities. Includes a huge , 150 ft x 60 ft , concrete foundation implement shed with open walls, which could possibly be closed in, for a secure barn. Barn is offset to side. Share Sale.

Exterior Features

View Description Valley and mountain views
Structures Land Only

Building Details

Price $3,400,000
Property Type Land
Building Name Morgan Creek
Ownership Type Freehold NonStrata
Community Features Near Shopping
Utility Type Sanitary Sewer Not Available, Storm Sewer Not Available, Electricity At Lot Line, Natural Gas At Lot Line, Phone Nearby, Cable Available
Water (WaterSource) Public

Lot & Land

Lot Size 10.9
Lot Size Depth Feet
Lot Size Frontage 220
MLS® # R3108072
Area South Surrey White Rock
Neighbourhood Morgan Creek
City Surrey
Postal Code V3Z 1E5
Gross Taxes $707.26
Zoning A-1

Property Timeline

Status Date Price
R3108072 / Active 04-08-2026 $3,400,000

Listed by: RE/MAX Colonial Pacific Realty

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
Earl Marriott Secondary School
5.01 km

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

Private Schools

Elementary, Secondary
Southridge School
Above Average
2.91 km
10/10
Elementary, Secondary
Southridge School
Above Average
2.91 km
10/10

Closest Transit

Bus Stop
Westbound 32 Ave @ 160 St
1.89 km
Skytrain
Skytrain @ Hillcrest/ 184 st Station ( Under Construction till 2029)
7.17 km

Crime Rate

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

Demographics

Post-Secondary Education
Below Average
19.3%
No Certificate/Degree
Above Average
18%
Owner Occupied
Average
62.9%
Employment Rate
Average
58.7%

Noise/ Power Lines

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

Other

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

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 16429 40 Avenue

BC Assessment Value — 16429 40 Avenue

2026 assessed value, sourced from City of Surrey open data (PID 026-993-767).
Total Assessed Value (2026)
$13,400
2026 Value Trend
Land
$0
Buildings
$13,400
Year Built
N/A
Class
N/A
Zoning
A1
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $0 $13,400 $13,400

Mortgage Calculator for 16429 40 Avenue

/month
Principal & Interest
Property Taxes $59
Maintenance fee 0
A 20% down payment of $680,000 on this $3,400,000 listing yields an estimated mortgage of $12,986/month (30-year fixed, 4%). Total estimated housing cost: $13,045/month, $59 property tax.
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%
With $8,054/month in estimated rental income against $13,292/month in mortgage payments, the monthly cashflow is -$5,238/month. A 53% down payment would reach break-even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Morgan Creek, Surrey

Beds Home Types Square Feet Lot Size Year Built
This Home $3,400,000
Surrey Loading...
Morgan Creek Loading...

Based on 6 comparable active properties in Morgan Creek, the average asking price is $2,013,889. This listing is priced 68.8% 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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