12943 112 AVENUE, Surrey
$999,000
This 5,723 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.
Attention Builders, Investors & First-Time Buyers! SPACIOUS home on a 5,723 sq. ft. lot with 2,376 sq ft. of finished living space. Excellent potential to build a 3-storey view home (buyer to verify with City) or hold as a high-income property. Features 3 BED, 2 BATH, a DEN & spacious living on main & 3 fully renovated MORTGAGE HELPER'S (2+1+bachelor). Current RENT $3,950/month with total rent POTENTIAL approx. $6,950/month. Ample PARKING for 8-10 vehicles. Prime location between Scott Rd & Gateway SKYTRAIN with easy access to PATULLO & Port Mann Bridges, making travel to Burnaby, Vancouver, Richmond, Metrotown & Downtown quick and convenient. Close to Bridgeview Elementary, Kwantlen Park & LA Matheson Secondary. Not a drive-by!
How this price compares
This lot asks $175 per square foot of lot. That is 17% above the median of $150 across the 526 active lots VanPlex is showing in Surrey, and puts it 362 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
- $999,000
- Lot size
- 5,723 sqft
- Lot dimensions
- 2376 x
- Frontage
- 2376 ft
- Bedrooms
- 7
- Bathrooms
- 5
- Year built
- 1949
- MLS® area
- Whalley
- MLS® number
- R3136142
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Listing data via MLS®. Displayed for information only.