12965 64 AVENUE, Surrey
$849,800
This 7,717 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.
The investment property of all investment properties. Surrey has spent the last decade transforming its major corridors into higher-density communities, and this property sits right in the path of growth. Located on the 64th Avenue corridor, this 7,700+ sqft lot features a livable 1,300 sqft rancher, perfect as a rental, holding property, or first home while you plan for the future. The real story here is the land: R3 is Surrey's small-scale multi-unit zone, permitting up to 4 dwelling units subject to City requirements. With transit service along 64th Avenue and the province pushing density near frequent transit, the long-term upside speaks for itself. Live in it, rent it, or land bank it, this is a classic buy-and-hold opportunity on a corridor with momentum.
How this price compares
This lot asks $110 per square foot of lot. That is 26% below the median of $150 across the 526 active lots VanPlex is showing in Surrey, and puts it 136 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
- $849,800
- Lot size
- 7,717 sqft
- Lot dimensions
- 60 x 128
- Frontage
- 60 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1963
- MLS® area
- West Newton
- MLS® number
- R3144901
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Listing data via MLS®. Displayed for information only.