12640 OLD YALE ROAD, Surrey
$3,599,000
This 39,589 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.
This expansive 39,589 sq. ft. property is designated under the South Westminster Heights Neighbourhood Concept Plan (NCP), offering exceptional development potential. Buyers may apply for an NCP amendment and increased Floor Space Ratio (FSR), creating significant upside for future redevelopment. Located in a prime central Surrey location, this is a rare and compelling investment opportunity. Opportunities like this are limited—don’t miss out.
How this price compares
This lot asks $91 per square foot of lot. That is 38% below the median of $147 across the 495 active lots VanPlex is showing in Surrey, and puts it 109 of 495 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
- $3,599,000
- Lot size
- 39,589 sqft
- Lot dimensions
- 170 x
- Frontage
- 170 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1938
- MLS® area
- Cedar Hills
- MLS® number
- R3082905
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Listing data via MLS®. Displayed for information only.