11152 131A STREET, Surrey
$950,000
This 6,926 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.
Centrally located in Whalley, this 5 bed, 2 bath home sits on a quiet dead-end street, ideal for first-time buyers or savvy investors. Move in, rent out, or build your dream home. Currently generating strong income with individual room rentals and coin-operated laundry. The private backyard features fruit trees, a pond, and a detached shop with 240V power, perfect for storage or projects. Close to K.B. Woodward Elementary, Prince Charles Elementary, nearby parks, Scott Road SkyTrain, Central City Mall, SFU, KPU, and major routes including Pattullo Bridge and Hwy 17. A solid holding property in a fast-growing Surrey neighborhood.
How this price compares
This lot asks $137 per square foot of lot. That is 9% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 206 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
- $950,000
- Lot size
- 6,926 sqft
- Lot dimensions
- 60 x
- Frontage
- 60 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1957
- MLS® area
- Whalley
- MLS® number
- R3127217
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Listing data via MLS®. Displayed for information only.