12473 114 AVENUE, Surrey
$2,200,000
This 8,900 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 value with great Development potential! Almost 9,000 Sq. Feet this huge lot is located in an up and coming area that is likely to boom in the near and the distant future. Big things are coming to Surrey's Fraser River Waterfront! The City of Surrey has approved a feasibility study for a brand new Waterfront Entertainment District near the new Pattullo Bridge - bringing Restaurants, Retail, parks, Plazas and landmark attractions to this area!! With a high-rise building (Bridgecity) planned and approved just blocks away, this area is likely to change soon for ever! Be ahead of the game and secure this great piece of land for potential huge rewards in the future!! There are two separate ground level units which are fully livable and rentable. Potentially a great-great holding property!
How this price compares
This lot asks $247 per square foot of lot. That is 65% above the median of $150 across the 526 active lots VanPlex is showing in Surrey, and puts it 481 of 526 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
- $2,200,000
- Lot size
- 8,900 sqft
- Lot dimensions
- 89 x
- Frontage
- 89 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1947
- MLS® area
- Bridgeview
- MLS® number
- R3018313
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Listing data via MLS®. Displayed for information only.