12901 98B AVENUE, Surrey
$1,157,000
This 7,179 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.
Nestled in a prime Surrey location, this well-maintained 4-bedroom, 3-bathroom home offers both comfortable living and exceptional future potential. Situated on a property designated Urban under the OCP, this is a rare opportunity for homeowners, investors, and builders alike. The home has seen thoughtful renovations in 2025, including a new roof, giving buyers peace of mind while maintaining strong long-term value. Inside, you’ll find a functional layout with generous living spaces, ideal for growing families or those looking to maximize rental potential. Step outside to a spacious lot with room to enjoy now—and hold for future redevelopment upside as the area continues to evolve. Open House Saturday May 9 2-4 pm Sunday May 10 2-4 pm
How this price compares
This lot asks $161 per square foot of lot. That is 7% above the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 312 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
- $1,157,000
- Lot size
- 7,179 sqft
- Lot dimensions
- 65 x
- Frontage
- 65 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1957
- MLS® area
- Whalley
- MLS® number
- R3119988
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Listing data via MLS®. Displayed for information only.