12978 OLD YALE ROAD, Surrey
$1,049,000
This 8,921 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.
2 Storey home on a 6 foot basement and a Heated Detached Shop! Offering incredible value and opportunity. 5-bedroom, 4-bathroom home on an approx. 8,921.00 sq. ft. lot with R3 zoning and future development potential. Exceptional space and versatility for large families, multi-generational living, or investment potential. Renovated in 2022, the main home features a modern kitchen, updated bathrooms, and new flooring throughout. Major upgrades include a newer roof, plumbing, and ABS piping for added peace of mind. Enjoy year-round entertaining on the massive covered deck overlooking the private backyard and BBQ area.
How this price compares
This lot asks $118 per square foot of lot. That is 22% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 150 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
- $1,049,000
- Lot size
- 8,921 sqft
- Lot dimensions
- 55 x 169
- Frontage
- 55 ft
- Bedrooms
- 5
- Bathrooms
- 4
- Year built
- 1949
- MLS® area
- Cedar Hills
- MLS® number
- R3127258
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only.