5587 King George Blvd, Surrey BC - Single Family Residence for Sale - MLS# R3035826

$2,980,000
Est. Mortgage $13,183/mo
Panorama Ridge
3 Beds
2 Baths
3466 sqft
860 $ /sqft
1969 built
$2,980,000
Est. $13,183/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

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Property Details for 5587 King George Boulevard

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.

Interior Features

Basement Finished Area (sqft) 1733
Basement Features Full
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features Vaulted Ceiling(s)
Fireplace 1
Heating Type Forced Air, Natural Gas, Wood
Laundry In Unit
# of Kitchens 1
Flooring Laminate, Other, Carpet
Foundation Concrete Perimeter

Exterior Features

Exterior Features Garden, Balcony, Private Yard
View Description Greenbelt
Roof Asphalt, Wood
Structures Residential Detached

Building Details

Price $2,980,000
Total Bedrooms 3
Total Bathrooms 2
Full Bathrooms 1
Half Bathrooms 1
Floor Area Total (sqft) 3466
Year Built 1969
Age Of Building 57
Building Type Single Family Residence
Property Type Residential
Architecture Style Rancher/Bungalow w/Bsmt.
Stories 2
Building Name Panorama Ridge
Ownership Type Freehold NonStrata
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Septic Tank
Water (WaterSource) Public
Parking Type Additional Parking, Carport Multiple, RV Access/Parking, Front Access, Driveway
Total Parking Spaces 10
Rental Suites None

Lot & Land

Lot Size 40641.48
Lot Size Depth Feet
Lot Size Frontage 103.18
MLS® # R3035826
Area Surrey
Neighbourhood Panorama Ridge
City Surrey
Postal Code V3X 3G1
Gross Taxes $6,265.18
Zoning R1

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.

Map & Neighbourhood

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
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 5587 King George Boulevard

BC Assessment Value — 5587 King George Boulevard

2026 assessed value, sourced from City of Surrey open data (PID 011-226-269).
Total Assessed Value (2026)
$1,913,000
2026 Value Trend
Land
$1,800,000
Buildings
$113,000
Year Built
N/A
Class
N/A
Zoning
R1
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $1,800,000 $113,000 $1,913,000

Mortgage Calculator for 5587 King George Boulevard

/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:

Investment 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.

Price vs Neighbourhood Average — Panorama Ridge, Surrey

Beds Home Types Square Feet Lot Size Year Built
This Home $2,980,000
Surrey Loading...
Panorama Ridge Loading...

No active comparable properties are currently available for this property type in Surrey. The price evaluation chart will update as similar listings enter the market.

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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