12707 107A AVENUE, Surrey
$3,398,000
This 24,921 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 chance to secure a key land assembly in Surrey’s rapidly growing South Westminster Heights area. Properties can be acquired individually and held for Development or as part of a larger assembly. Located within the South Westminster Heights Neighbourhood Concept Plan (NCP), these parcels offer significant development potential. Buyers have the option to apply for an NCP amendment and a higher FSR, unlocking even greater value. Positioned in a prime Surrey location, this site represents an exceptional investment opportunity for developers and investors looking to capitalize on the city’s future growth.
How this price compares
This lot asks $136 per square foot of lot. That is 9% below the median of $150 across the 526 active lots VanPlex is showing in Surrey, and puts it 202 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
- $3,398,000
- Lot size
- 24,921 sqft
- Lot dimensions
- 86 x 290
- Frontage
- 86 ft
- Bedrooms
- 6
- Bathrooms
- 2
- Year built
- 1969
- MLS® area
- Cedar Hills
- MLS® number
- R3038061
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Listing data via MLS®. Displayed for information only.