11321 136A STREET, Surrey
$1,049,000
This 7,888.32 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.
Great opportunity for first-time home buyers, builders, and investors! Located just one block from Surrey Traditional School, this well-maintained home offers beautiful views and features a legal suite with a separate entrance, an excellent mortgage helper. Under current SSMUH legislation, the property may allow a 3-level duplex with secondary suites, subject to municipal approval and applicable regulations. Situated on a large lot with wide frontage, this is an exceptional opportunity for redevelopment, investment, or future growth.
How this price compares
This lot asks $133 per square foot of lot. That is 11% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 190 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
- $1,049,000
- Lot size
- 7,888.32 sqft
- Lot dimensions
- 126.97 x 61.95
- Frontage
- 126.97 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1957
- MLS® area
- Bolivar Heights
- MLS® number
- R3147908
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Listing data via MLS®. Displayed for information only.