10594 138 STREET, Surrey
$3,288,888
This 8,580 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 Assembly*** Nestled in a prime location, this property is ideal for a 6-story multi-family residential project under the Surrey City Centre Plan. Conveniently located within walking distance to SFU Surrey, City Hall, Surrey Central and Gateway SkyTrain Stations, shopping, dining, schools, and parks. Easy access to King George Blvd, Highway 1, and Highway 99 enhances connectivity for future residents. The property features a well-maintained home with suite, generating excellent rental income while you work on development plans. Don’t miss out on this exceptional opportunity in Surrey’s rapidly growing market!
How this price compares
This lot asks $383 per square foot of lot. That is 155% above the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 520 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
- $3,288,888
- Lot size
- 8,580 sqft
- Lot dimensions
- 66 x 130
- Frontage
- 66 ft
- Bedrooms
- 7
- Bathrooms
- 3
- Year built
- 1957
- MLS® area
- Whalley
- MLS® number
- R2950141
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only.