12221 GILLEY STREET, Surrey
$999,000
This 5,004 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.
Calling all dreamers, builders, visionaries...and anyone who's ever said, "I'd tear it down anyway!" This home has officially retired from the housing market and is looking forward to its next career as the foundation for your dream home. The existing structure is uninhabitable and ready for its final curtain call, but the real star of the show is the lot! Opportunities like this simply don't come along, it's one of the first lots under $1,000,000.00 in Crescent Beach in years. Build your forever home just steps from the beach, parks, and the incredible lifestyle that makes Crescent Beach one of the Lower Mainland's most sought-after communities. At this price, the real question isn't "Can you afford to buy it?"...it's can you afford not to?
How this price compares
This lot asks $200 per square foot of lot. That is 33% above the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 438 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
- $999,000
- Lot size
- 5,004 sqft
- Lot dimensions
- 50 x 100
- Frontage
- 50 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1947
- MLS® area
- Crescent Bch Ocean Pk.
- MLS® number
- R3152226
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Listing data via MLS®. Displayed for information only.