$2,980,000
5587 King George Boulevard, Surrey, V3X 3G1
Listed by: Luxmore Realty · MLS®
3 Bedrooms 2 Bathrooms 3,466 sqft Built 1969 Residential
1 Listing Signal Detected
Similar Homes in Panorama Ridge
Subject: $2,980,000 · $860/sqft
$2,980,000
Listed by: Luxmore Realty · MLS®
Subject: $2,980,000 · $860/sqft
Likely needs work. Get contractor quotes before making an offer — renovation costs can exceed expectations.
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.
MLS #
R3035826
Status
Active
Type
Residential
Sub-type
Single Family Residence
Style
Rancher/Bungalow w/Bsmt.
Ownership
Freehold NonStrata
Zoning
R1
Bedrooms
3
Full Baths
1
Half Baths
1
Kitchens
1
Fireplaces
1
Living Area
3,466 sqft
Main Floor
1,733 sqft
Basement
1,733 sqft fin.
Lot Size
40,641.48 sqft
Lot Dimensions
103.18 x 389.17
Frontage
103.18
Year Built
1969
Age
57 years
Roof
Asphalt, Wood
Construction
Frame Wood, Mixed (Exterior), Wood Siding
Structure
Residential Detached
Parking Stalls
10
Parking Type
Additional Parking, Carport Multiple, RV Access/Parking, Front Access, Driveway
Taxes
$6,265.18/yr
MLS Area
Panorama Ridge
City
Surrey
Postal Code
V3X 3G1
Subdivision
Panorama Ridge
Heating
Forced Air · Natural Gas · Wood
Flooring
Laminate · Other · Carpet
Appliances
Washer/Dryer · Dishwasher · Refrigerator · Stove
Laundry
In Unit
Fireplace
Insert · Wood Burning
Interior Features
Vaulted Ceiling(s)
Exterior Features
Garden · Balcony · Private Yard
Transit
CLOSE
Schools
CLOSE
View
Greenbelt
Lot Features
Greenbelt, Rural Setting
Water Source
Public
Sewer
Septic Tank
Utilities
Electricity Connected, Natural Gas Connected, Water Connected
Property Disclosure
Yes
Coordinates: 49.103888, -122.831093 · Map data © Google
Above Market
Deal Score out of 10
Priced above comparable sales — may have room to negotiate.
Building permit history is currently available for City of Vancouver properties only.
Suggested Offer
$2,805,828
5.8% below list price
Negotiation Range
$2,731,328 – $2,850,528
$119,200 spread
Based on 60 recent sales, a starting offer around $2,805,828 (5.8% below list price) is reasonable. Your negotiation range is $2,731,328 – $2,850,528.
What's factored in
Based on 60 residential sales in Surrey (last 60 days) · Updated Jun 23
