12866 56 AVENUE, Surrey
$5,999,000
This 101,930.4 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 2.34-acre parcel in Panorama Ridge with subdivision potential! This duplex-style property includes an attached secondary suite. Services accessible from the front on 56 Avenue, with a future back lane planned for additional access. Please do not disturb tenants. A unique investment opportunity in a highly desirable area. Contact listing agent for more details and development potential. Must have permission from listing agent to walk the property.
How this price compares
This lot asks $59 per square foot of lot. That is 61% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 48 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
- $5,999,000
- Lot size
- 101,930.4 sqft
- Lot dimensions
- 170.6 x 607
- Frontage
- 170.6 ft
- Bedrooms
- 5
- Bathrooms
- 4
- Year built
- 1970
- MLS® area
- Panorama Ridge
- MLS® number
- R3111036
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Listing data via MLS®. Displayed for information only.