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12693 114A AVENUE, Surrey

$798,000

This 5,010 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.

BUILDER ALERT! Prime Development Opportunity in Bridgeview. Excellent opportunity to build your dream home on this 5,010 sq ft south-facing lot located in Bridgeview. Situated on a quiet street surrounded by newer homes, this property offers outstanding potential, including the possibility of a garden suite. Conveniently located within walking distance to Bridgeview Park and Community Centre, and just minutes to Scott Road SkyTrain Station, with quick access to major bridges and routes into the city. Current home is not liveable. Ideal for builders.

How this price compares

This lot asks $159 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 302 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
$798,000
Lot size
5,010 sqft
Lot dimensions
50 x 100
Frontage
50 ft
Bedrooms
2
Bathrooms
1
Year built
1953
MLS® area
Bridgeview
MLS® number
R3087257

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Listing data via MLS®. Displayed for information only.