$5,999,000
12866 56 AVENUE
Beds
5
Baths
4
Sqft
—
Year
1970
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
Rare 2.34-acre parcel in Panorama Ridge with subdivision potential! This duplex-style property includes an attached secondary suite. Services accessible from the front on 56 Avenue, with a future back lane planned for additional access. Please do not disturb tenants. A unique investment opportunity in a highly desirable area. Contact listing agent for more details and development potential. Must have permission from listing agent to walk the property. (id:65958)
- Subtype
- Single Family
- Architectural style
- Other
- Structure
- House
- Common interest
- Freehold
- Living area
- 2,763 square feet
- Lot size
- 2.34 acres
- Lot dimensions
- 2.34
- Parking
- 10 total
- Fireplace
- 2
- On market
- Apr 14, 2026
- Status changed
- Apr 14, 2026
- Annual tax
- $16,663.82 (2025)
- Photos
- 3
- MLS#
- R3111036
- Area
- SURREY
Features and systems
Parking
Basement
Heating
Utilities
Cash on cash
-11.27%
Cap rate
3.63%
GRM
16.7
Break-even rent
$41,864
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Surrey. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.