12875 114A AVENUE, Surrey
$745,000
This 5,000 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.
Great development opportunity in Bridgeview. Chance to construct your dream home on this 5,000 sq ft lot in Bridgeview. Tucked away on a quiet street, the property presents strong potential, including garden suite possibilities. Just a short walk to Bridgeview park and only minutes from Scott Road SkyTrain Station, offering access to new major bridges and commuter routes into the city. The current home features 2 bedroom and 1 bathroom and could be renovated, rented as a holding property, or removed for new construction. Perfect for builders, investors, or buyers wanting to design a custom home.
How this price compares
This lot asks $149 per square foot of lot. That is about the same as the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 261 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
- $745,000
- Lot size
- 5,000 sqft
- Lot dimensions
- 50 x 0
- Frontage
- 50 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1958
- MLS® area
- Bridgeview
- MLS® number
- R3093515
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Listing data via MLS®. Displayed for information only.