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Investment Highlights

  • 3.9-acre parcel at the prominent intersection of Highway 10 and King George Boulevard.
  • Positioned in a Major Transit Growth Corridor near future Bus Rapid Transit service.
  • Future development benefits from panoramic views and high visibility in a growing neighborhood.
  • Designated Suburban in Surrey’s Official Community Plan with R1 zoning.
  • Surrounded by amenities such as schools, parks, shopping centers, and recreation facilities.

Executive Summary

This property represents an outstanding opportunity to acquire 3.9 acres of residential development land in Surrey’s sought-after Panorama neighborhood. Strategically positioned at the high-exposure intersection of Highway 10 and King George Boulevard, the site benefits from excellent connectivity to key corridors serving Greater Vancouver and Fraser Valley communities.
The Official Community Plan (OCP) designates the property as Suburban, supporting low-density residential uses with options for complementary institutional and small-scale commercial facilities. The R1 zoning currently permits small-scale multi-unit housing on larger suburban lots, with potential for up to six dwellings per lot. Future development will capitalize on the site’s location within an official Frequent Bus Stop Area along a forthcoming Bus Rapid Transit route, enhancing its long-term appeal for residential developers and investors focused on transit-oriented growth.
The property offers scenic southern views toward Mud Bay and proximity to a wide range of amenities including retail centers, parks, and schools, making it an exceptional site for crafting desirable residential communities.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 3.90 AC
Zoning R1 for suburban residenti - R1 for suburban residential . Both parcels fall under the Official Community Plan’s Suburban designation, which provides flexibility for residential development and supporting uses

1 Lot Available

Lot

Lot Size 3.90 AC

Description

The subject property encompasses two parcels located at the southeast corner of Highway 10 and King George Boulevard in Surrey, BC. Combined, they total approximately 3.9 acres. The current zoning classification is R1 for suburban residential use, and each parcel presently contains a single-family dwelling. Both parcels fall under the Official Community Plan’s Suburban designation, which provides flexibility for residential development and supporting uses. The location lies within an identified frequent bus stop zone along a planned Bus Rapid Transit corridor, with significant roadway frontage and access to King George Boulevard and Highway 10. Surrounding uses include low-density residential housing, schools, parks, and neighborhood-scale retail amenities.

Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
  • Listing ID: 40570984

  • Date on Market: 2026-05-18

  • Last Updated:

  • Address: 14226-14238 56 Ave, Surrey, BC V3X 3A1

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