10618 140 STREET, Surrey
$1,349,900
This 19,035 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.
Opportunity in Surrey City Centre / Whalley area for investors, builders & future land assembly buyers. Approx. 19,035 SF lot located in a designated Low Rise Transition Residential area within the Whalley/Guildford Town Centre Plan. Property offers long term redevelopment potential in a rapidly evolving neighbourhood surrounded by ongoing residential growth. Existing 1,480 SF home is livable/rentable with updated kitchen & bathrooms, offering holding income while planning future opportunities. Large lot with lane access potential nearby transit, schools, shopping & major commuter routes. Buyer to verify all development potential, buildable area, servicing, lot dimensions, zoning, OCP/NCP designations & requirements with City of Surrey.
How this price compares
This lot asks $71 per square foot of lot. That is 53% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 70 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
- $1,349,900
- Lot size
- 19,035 sqft
- Lot dimensions
- 64.86 x
- Frontage
- 64.86 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1956
- MLS® area
- Whalley
- MLS® number
- R3121766
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Listing data via MLS®. Displayed for information only.