10240 140 STREET, Surrey
$1,205,000
This 8,360 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.
Exceptional investment & redevelopment opportunity in the heart of Guildford! This 8,363 sq. ft. CORNER property with a livable home complete with 3 bedrooms, 1 bathroom upstairs, living, dining and kitchen area. The basement is complete with 2 bedrooms, half bathroom, kitchen & laundry. An excellent 30'x35' workshop that offers outstanding exposure in a high-visibility location just off 102 Avenue, making it an ideal holding property with tremendous long-term upside. Situated within the City's **Guildford Plan** area and designated **Low-Rise I** in the Official Community Plan, the property presents exciting future potential for low-rise condominium or townhouse redevelopment. The prominent corner location provides excellent access, strong street presence & appeal for future development.
How this price compares
This lot asks $144 per square foot of lot. That is 4% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 237 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
- $1,205,000
- Lot size
- 8,360 sqft
- Lot dimensions
- 70 x
- Frontage
- 70 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1959
- MLS® area
- Whalley
- MLS® number
- R3148730
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Listing data via MLS®. Displayed for information only.