12501 53 AVENUE, Surrey
$3,698,000
This 43,537 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 1-acre ocean view estate opportunity in prestigious West Panorama Ridge. Surrounded by luxury custom homes, this exceptional property offers the perfect setting to build your dream estate in one of Surrey’s most desirable neighborhoods. Enjoy privacy, mature trees, and beautiful views toward the ocean, with even greater view potential from a future custom home. The existing residence provides flexibility while you plan your vision, but the true value is in the land, location, and lifestyle. Minutes to Colebrook Elementary, parks, golf, Hwy 99, and the U.S. border. A rare opportunity for builders, investors, or families seeking to create a legacy estate.
How this price compares
This lot asks $85 per square foot of lot. That is 43% below the median of $150 across the 526 active lots VanPlex is showing in Surrey, and puts it 91 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
- $3,698,000
- Lot size
- 43,537 sqft
- Lot dimensions
- 113 x 385
- Frontage
- 113 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1967
- MLS® area
- Panorama Ridge
- MLS® number
- R3144460
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Listing data via MLS®. Displayed for information only.