5587 King George Blvd, Surrey, BC

$2,980,000
Est. Mortgage /mo

MLS# R3035826 · Panorama Ridge

3 Beds
2 Baths
3466 sqft
860 $ /sqft
1969 built
$2,980,000
Est. /mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

Property Details & Specs

Excellent opportunity to acquire almost 1 acre of land in prestigious Panorama Ridge, Surrey. This property falls within the Frequent Bus Stop Area, offering potential for higher density redevelopment (verify with City of Surrey). The lot features easy access to stormwater connection, sewer connection available on Trites Rd. Existing home is an older rancher with basement. Value is in the land. Potential for panoramic water views with future subdivision. To be sold together with 2 adjacent properties (5567 & 5577 King George) for a total land assembly of approx. 1.9 acres. Ideal for developers or land investors looking to capitalize on Surrey’s growth.

General Info

Price $2,980,000
Total Bedrooms 3
Total Bathrooms 1
Half Bathrooms 1
Floor Area Total (sqft) 3466
Lot Size 40641.48
Lot Size Depth Feet
Lot Size Frontage 103.18
Basement 1733
Basement Features Full

Property Metrics

Year Built 1969
Age Of Building 56
Building Type Single Family Residence
Property Type Residential
Architecture Style Rancher/Bungalow w/Bsmt.
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Structures Residential Detached

Additional Details

MLS® # R3035826
Building Name Panorama Ridge
Area Surrey
Neighbourhood Panorama Ridge
City Surrey
Postal Code V3X 3G1
Price per Sqft -
Gross Taxes $6,265.18
Ownership Type Freehold NonStrata
Maintenance Fee -

Heating & Cooling

Fireplace 1
Heating Type Forced Air, Natural Gas, Wood

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Septic Tank
Water (WaterSource) Public

Parking

Parking Type Additional Parking, Carport Multiple, RV Access/Parking, Front Access, Driveway
Total Parking Spaces 10
Strata Restrictions -
Rental Restrictions -
Zoning R1
Rental Suites None
Laundry In Unit
# of Kitchens 1
Flooring Laminate, Other, Carpet
Foundation Concrete Perimeter
Interior Features Vaulted Ceiling(s)
Locker -
View 1
View Description Greenbelt
Units In Development -
Exterior Features Garden, Balcony, Private Yard
Sewer Septic Tank
Roof Asphalt, Wood

Property Timeline

Status Date Price
R3035826 / Active 08-08-2025 $2,980,000
Rooms
Floor Type Dimensions
Main Level Kitchen 18' x 18' ft
Main Level Living Room 14' x 14' ft
Main Level Primary Bedroom 18' x 18' ft
Main Level Bedroom 16' x 16' ft
Main Level Bedroom 12' x 12' ft
Basement Level Recreation Room 40' x 40' ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3
Main Level No #2
Listed by: Luxmore 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.

Neighborhood & Transit Info

Public Schools

Elementary
Colebrook Elementary School
3.12 km
Secondary
Panorama Ridge Secondary School
2.36 km

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

Private Schools

Elementary
St. Bernadette
Above Average
2.78 km
8.5/10
Elementary, Secondary
Regent Christian Academy
Above Average
2.89 km
8.1/10

Closest Transit

Bus Stop
Southbound King George Blvd @ Hwy 10
0.2 km
Skytrain
Skytrain @ Fleetwood Station ( Under Construction till 2029)
7.04 km

Crime Rate

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

Demographics

Post-Secondary Education
Below Average
23%
No Certificate/Degree
Above Average
19.7%
Owner Occupied
Average
73.2%
Employment Rate
Above Average
72.2%

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

Local Info

Estimated Mortgage Calculator

/month
Principal & Interest
Property Taxes $522
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($596,000), the estimated monthly payment for this listing is $11,904/month — $11,382 principal & interest, $522 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:

Estimated Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
At an estimated rental income of $7,366/month, this property runs a $4,786/month shortfall after mortgage and carrying costs. Break-even requires approximately 54% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Home Price Evaluation Chart

Beds Home Types Square Feet Lot Size Year Built
This Home $2,980,000
Surrey Loading...
Panorama Ridge Loading...
This listing has no active comparable properties in Surrey at present. The price evaluation chart will update as similar listings become available.
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 Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
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

Property FAQs

What are the closest top-rated schools to 5587 King George Boulevard, Surrey, BC?
The closest top-rated schools are Colebrook Elementary School and Panorama Ridge Secondary School.
Is 5587 King George Boulevard, Surrey, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 5587 King George Boulevard, Surrey, BC?
With a standard down payment, the estimated monthly mortgage is approximately $17,880.
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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