10650 138 STREET, Surrey
$2,900,000
This 7,793 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*** Strategically positioned in a rapidly growing area, this property offers zoning potential up to 2.5 FAR, ideal for a substantial 6-story development. Located within walking distance to Surrey Central and Gateway SkyTrain Stations, SFU Surrey Campus, City Hall, Central City Shopping Centre, T&T Supermarket, and Walmart, this site is perfectly situated in the heart of a vibrant community. With seamless access to major routes like King George Hwy, Highway 1, and Fraser Highway, the location provides unbeatable convenience for future residents. Don’t miss out on this rare chance to be part of Surrey’s ongoing transformation and capitalize on the remarkable growth in this high-demand area!
How this price compares
This lot asks $372 per square foot of lot. That is 148% above the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 519 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
- $2,900,000
- Lot size
- 7,793 sqft
- Lot dimensions
- 60 x 130
- Frontage
- 60 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1948
- MLS® area
- Whalley
- MLS® number
- R3051225
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only.