12720 114B AVENUE, Surrey
$1,400,000
This 5,011.97 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 2-bedroom rancher is located on a quiet street between Bridgeview Park (with playground and waterpark) and the Bridgeview Community Centre. Centrally situated, the property is just half a block from an elementary school and within walking distance to transit and SkyTrain. The home offers potential for improvement and may require structural repairs, including areas of the foundation and exterior perimeter sill plates. Notable updates include a newer roof and hot water tank. Buyers are encouraged to contact the City of Surrey to explore development potential.
How this price compares
This lot asks $279 per square foot of lot. That is 87% above the median of $150 across the 526 active lots VanPlex is showing in Surrey, and puts it 496 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
- $1,400,000
- Lot size
- 5,011.97 sqft
- Lot dimensions
- 0 x
- Frontage
- 0 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1945
- MLS® area
- Bridgeview
- MLS® number
- R3106129
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Listing data via MLS®. Displayed for information only.