12031 101 AVENUE, Surrey
$1,379,000
This 9,570 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.
Million-dollar views from this bright and spacious, well-maintained home situated on a large lot with a walk-out 3 bedroom basement in a family-friendly neighbourhood. Ideally located close to shopping, transit, elementary and secondary schools, with convenient access to major highways, the Pattullo Bridge, Alex Fraser Bridge, and SkyTrain. Ample parking offers added convenience. Excellent opportunity for homeowners, investors, or builders, with potential for a three-storey new construction. Buyers are advised to verify redevelopment potential with the City of Surrey.
How this price compares
This lot asks $144 per square foot of lot. That is 4% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 236 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
- $1,379,000
- Lot size
- 9,570 sqft
- Lot dimensions
- 110 x
- Frontage
- 110 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1965
- MLS® area
- Cedar Hills
- MLS® number
- R3150672
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Listing data via MLS®. Displayed for information only.