10618 137A STREET, Surrey
$2,750,000
This 9,045 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 redevelopment opportunity in Surrey City Centre! Prime 9,045 sq.ft. lot (75.60’ × 120’) ideally located within the TOA Core Area, benefiting from an allowable density of 3.0 FAR, offering a significant advantage over many surrounding properties and maximizing future redevelopment potential. Strategically positioned just minutes from Gateway SkyTrain Station, SFU Surrey Campus, City Hall, shopping, schools and major transportation routes. Surrounded by ongoing high-density redevelopment, including a 6-storey condominium directly across the street, making this property a key opportunity for future land assembly. Value is primarily in the land. Tenant occupied with holding income. Priced below BC Assessment. A rare opportunity for developers, builders. Call today.
How this price compares
This lot asks $304 per square foot of lot. That is 103% above the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 508 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
- $2,750,000
- Lot size
- 9,045 sqft
- Lot dimensions
- 75.6 x 120
- Frontage
- 75.6 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1954
- MLS® area
- Whalley
- MLS® number
- R3130582
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Listing data via MLS®. Displayed for information only.