10886 132A STREET, Surrey
$1,139,000
This 7,928 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.
Excellent opportunity to own a beautiful Home and great Holding Property in Downtown Surrey City Centre! Area designated as multi-family in the Official Community Plan (OCP) zoned for Midrise with 2.5 FAR. Check with City This cash-flowing property sits on a huge 7,928 sq ft lot with incredible future redevelopment potential. Located just 350 metres from the SkyTrain, this is a prime investment opportunity. Features 4 bedrooms & 3 bathrooms The basement suite has 2 bachelor suites below, providing excellent mortgage help. Walking distance to SkyTrain, recreation centre, library, City Hall, Simon Fraser University, SFU Medical School, shopping, restaurants, T&T Supermarket, Walmart & more. Excellent holding property in Downtown Surrey
How this price compares
This lot asks $144 per square foot of lot. That is 2% below the median of $147 across the 495 active lots VanPlex is showing in Surrey, and puts it 237 of 495 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
- $1,139,000
- Lot size
- 7,928 sqft
- Lot dimensions
- 60 x 132
- Frontage
- 60 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1960
- MLS® area
- Whalley
- MLS® number
- R3159469
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Listing data via MLS®. Displayed for information only.