10122 127B STREET, Surrey
$1,125,000
This 7,392 sqft property in Surrey is a detached single-family home on a lot the new rules make suitable for a multiplex. Surrey follows the provincial small-scale housing rules, so most single-family lots allow three to four homes, and up to six near frequent transit. Surrey's larger lots and lower land prices often lift the number of units that pencil out.
LAND VALUE PRICING! This rare opportunity in a quiet cul-de-sac with back lane access, a solid home on a large lot that’s bursting with possibilities & waiting for your vision. 3 bdrms up, 1 bdrm suite dn. Furnace 2yrs old, HW tank 5 yrs & heavy gauge torch on roof. R3 zoning offers exceptional flexibility for small-scale multi-unit development, allowing for a single-family home, duplex, or up to 2–6 dwelling units. With the potential to add a secondary suite, coach house, or garden suite (subject to bylaws). Amazing opportunity for investors & builders. City just installed new Watermain, Storm & Sewers on the street. Close to Transit, Schools, Bus, Parks, Shopping & Surrey City Centre. Excellent value here. Offers anytime.
How this price compares
This lot asks $152 per square foot of lot. That is about the same as the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 277 of 529 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $1,125,000
- Lot size
- 7,392 sqft
- Lot dimensions
- 0 x 0.00
- Frontage
- 0 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1968
- MLS® area
- Cedar Hills
- MLS® number
- R3092444
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Listing data via MLS®. Displayed for information only.