12957 98B AVENUE, Surrey
$1,549,999
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.
Fully renovated home in the prime Cedar Hills / Surrey Central area! This spacious property sits on a 7,179 sq.ft. lot with 69 ft frontage and R3 zoning, offering great future potential. Conveniently located close to Surrey Central SkyTrain Station, major shopping centres, schools, parks, and all daily amenities. The home features ""3 separate basement suites (2+2+1 bedrooms)"", making it an excellent mortgage helper with strong rental income potential. Ideal opportunity for first-time home buyers or investors looking for a property with multiple rental options in a highly desirable and central location. A rare find combining location, rental income, and future potential.
How this price compares
This lot asks $216 per square foot of lot. That is 44% above the median of $150 across the 526 active lots VanPlex is showing in Surrey, and puts it 454 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
- $1,549,999
- Lot size
- 7,179 sqft
- Lot dimensions
- 69.42 x
- Frontage
- 69.42 ft
- Bedrooms
- 10
- Bathrooms
- 6
- Year built
- 1958
- MLS® area
- Cedar Hills
- MLS® number
- R3096671
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Listing data via MLS®. Displayed for information only.