10852 140 STREET, Surrey
$1,099,000
This 10,327 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.
Investor/Developer Alert! Prime North Surrey location -- R3 zoning on a large 10,000+ sq. ft. lot. This 4-bedroom, 2-bath rancher is a great holding property with excellent development potential. Currently rented month-to-month for $3,200, offering solid income. Recently renovated. Centrally located steps from public transit, schools, shopping centres, parks, and all essential amenities. Step outside to the large backyard, ideal for BBQs, family gatherings. This expansive space provides plenty of room for relaxation and fun, making it perfect. Don't miss this opportunity to secure a rare large lot in a fast-growing neighbourhood!
How this price compares
This lot asks $106 per square foot of lot. That is 29% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 122 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
- $1,099,000
- Lot size
- 10,327 sqft
- Lot dimensions
- 63 x 160
- Frontage
- 63 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1954
- MLS® area
- Bolivar Heights
- MLS® number
- R3118012
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Listing data via MLS®. Displayed for information only.