12488 92 AVENUE, Surrey
$1,449,999
This 11,404 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.
Rare opportunity on a prime 11,404 sq. ft. corner lot with two road frontages! This spacious 6-bedroom home features a primary bedroom on the main floor and offers excellent holding or investment potential. The detached garage includes a suite, providing valuable mortgage helper income. Zoned R3, this property presents outstanding redevelopment potential, with the possibility of a 4-6 unit houseplex (buyer to verify all development potential with the City). Ideal for investors, builders, or those seeking a large family home with future upside. Conveniently located close to schools, parks, shopping, transit, and other amenities. Don't miss this exceptional opportunity!
How this price compares
This lot asks $127 per square foot of lot. That is 15% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 177 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
- $1,449,999
- Lot size
- 11,404 sqft
- Lot dimensions
- 75 x 152
- Frontage
- 75 ft
- Bedrooms
- 6
- Bathrooms
- 3
- Year built
- 1958
- MLS® area
- Queen Mary Park Surrey
- MLS® number
- R3148700
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Listing data via MLS®. Displayed for information only.