10991 132 STREET, Surrey
$1,600,000
This 6,734 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.
DEVELOPMENT POTENTIAL in a rapidly evolving Surrey location! This corner lot presents an exciting opportunity for builders, developers, and investors to secure a well-located property surrounded by newer low-rise apartment development and ongoing neighborhood growth. The value is in the land, location, and future vision. Close to transit, shopping, schools, parks, and Surrey City Centre, this property is ideally positioned for continued demand and future possibilities. Explore potential multi-unit development, land assembly, or hold for long-term investment. Buyers to conduct their own due diligence with the City of Surrey regarding zoning, permitted uses, development potential, and future plans. A rare chance to invest in Surrey’s growth story.
How this price compares
This lot asks $238 per square foot of lot. That is 58% above the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 476 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
- $1,600,000
- Lot size
- 6,734 sqft
- Lot dimensions
- 52.32 x
- Frontage
- 52.32 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1953
- MLS® area
- Whalley
- MLS® number
- R3138850
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Listing data via MLS®. Displayed for information only.