5331 188 St, Surrey BC - Land for Sale - MLS# R3116358

$1,300,000
Est. Mortgage $5,751/mo
0 sqft
$1,300,000
Est. $5,751/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 5331 188 Street

An incredible opportunity to build on this spacious 12,539 sq. ft. lot located on a quiet street in Cloverdale. Perfectly situated near schools, major routes, shopping, and recreational facilities, this property offers the ideal blend of convenience and tranquility. Whether you’re looking to build your dream home or create side-by-side residences for family (such as a duplex for siblings), this lot provides endless potential. Check with the City of Surrey for building possibilities and zoning options. A prime location and a rare find — don’t miss this chance to make it yours!

Exterior Features

Structures Land Only

Building Details

Price $1,300,000
Property Type Land
Ownership Type Freehold NonStrata
Utility Type Sanitary Sewer At Lot Line, Storm Sewer At Lot Line, Electricity At Lot Line, Natural Gas At Lot Line, Phone Nearby, Cable Available
Water (WaterSource) Public

Lot & Land

Lot Size 12539
Lot Size Depth Feet
Lot Size Frontage 19.685
MLS® # R3116358
Area Cloverdale
Neighbourhood Cloverdale BC
City Surrey
Postal Code V3S 8E5
Gross Taxes $5,594.85
Zoning R2

Property Timeline

Status Date Price
R3116358 / Active 04-27-2026 $1,300,000

Listed by: Planet Group Realty Inc. & Planet Group Realty Inc.

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
Clayton Heights Secondary School
3.38 km
Elementary
Sunrise Ridge Elementary School
1.4 km

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

Private Schools

Elementary
Diamond Elementary School
Above Average
0.65 km
10/10
Secondary
Relevant High School
0.65 km

Closest Transit

Bus Stop
Eastbound Hwy 10 @ 188 St
0.6 km
Skytrain
Skytrain @ Willowbrook Station ( Under Construction till 2029)
2.36 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
Unlikely
Close to Cemeteries
Unlikely
Market Performance

Real Estate Stats for December 2025 in Surrey

FVREB Report city Level
Detached Benchmark

$1,404K

7.77% Year-over-Year

Sales (Mo.)

N/A

Active Inventory

N/A

Market Climate 's Market

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 5331 188 Street

BC Assessment Value — 5331 188 Street

2026 assessed value, sourced from City of Surrey open data (PID 031-678-670).
Total Assessed Value (2026)
$1,531,000
2026 Value Trend
Land
$1,531,000
Buildings
$0
Year Built
N/A
Class
N/A
Zoning
R2
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $1,531,000 $0 $1,531,000

Mortgage Calculator for 5331 188 Street

/month
Principal & Interest
Property Taxes $466
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($260,000), the estimated monthly payment for this listing is $5,431/month — $4,965 principal & interest, $466 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%
At an estimated rental income of $4,017/month, this property runs a $1,580/month shortfall after mortgage and carrying costs. Break-even requires approximately 46% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Cloverdale BC, Surrey

Beds Home Types Square Feet Lot Size Year Built
This Home $1,300,000
Surrey Loading...
Cloverdale BC Loading...

Based on 3 comparable active properties in Cloverdale BC, the average asking price is $1,296,667. This listing is priced 0.3% 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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