12411 78 AVENUE, Surrey
$1,224,999
This 7,677 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.
Exceptional development/holding opportunity in a highly sought-after location! This beautiful 7,600+ square foot corner lot (115 feet frontage on 78 Avenue & 66 feet on 124 Street) is zoned R3, allowing for a FOURPLEX or DUPLEX with 2 legal suites – the perfect site for your next project or investment. The property currently features a 3-bedroom rancher, offering excellent rental income potential during planning and permitting. Bus stop is right next to the property (Bus #329 – direct to Surrey Central Station), and Strawberry Hill Elementary is just 1 block away – a fantastic location for families and commuters alike.
How this price compares
This lot asks $160 per square foot of lot. That is 6% above the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 304 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
- $1,224,999
- Lot size
- 7,677 sqft
- Lot dimensions
- 115.65 x
- Frontage
- 115.65 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1958
- MLS® area
- West Newton
- MLS® number
- R3150476
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Listing data via MLS®. Displayed for information only.