10267 125 STREET, Surrey
$1,288,888
This 8,654 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.
The solid five bdrms and three baths home features amazing potential inside and out. Main floor offers three bedrooms, two full bathrooms, living room with wood burning fireplace, kitchen with eating area that opens to a huge covered sundeck at back, ideal for year-round use and with city, water and mountain views. Backyard with plenty of room for kids, pets, gardening and entertaining. The garage has been converted into a two-bedroom suite by the previous owner. Basement also offers a recreation room for upstairs use. Sitting on over 8600 S.F. lot offers outstanding multi dwelling redevelopment and investment potential. Ideal for first time buyers or investors looking for a solid opportunity in a great location. Conveniently located near schools, parks, shopping, recreation and transit.
How this price compares
This lot asks $149 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 260 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
- $1,288,888
- Lot size
- 8,654 sqft
- Lot dimensions
- 65 x 132
- Frontage
- 65 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1956
- MLS® area
- Cedar Hills
- MLS® number
- R3141775
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Listing data via MLS®. Displayed for information only.