13703 GROSVENOR ROAD, Surrey
$1,198,000
This 7,857 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.
Prime Development Location! 2,696 sq.ft. Income Property Exceptional opportunity in a rapidly growing prime area! This spacious 2,696 sq.ft. home offers incredible structural bone and holding income with a stable 15-year tenant. While it needs cosmetic TLC, look past the surface to see the massive potential to update and maximize value. Layout: 3 beds & 2 baths upstairs. 2 beds, 1 bath & kitchen downstairs with a separate entrance—perfect future mortgage helper. Major Upgrades: Peace of mind with a torch-on roof (2010), high-efficiency furnace (2019), laminate flooring (2008), repaired deck/balcony (2011), and new fridge (2021). Ideal for investors seeking a solid holding property for future redevelopment, or buyers looking to sweat-equity this into a gem with massive rental upside.
How this price compares
This lot asks $152 per square foot of lot. That is 2% above the median of $150 across the 526 active lots VanPlex is showing in Surrey, and puts it 277 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
- $1,198,000
- Lot size
- 7,857 sqft
- Lot dimensions
- 65.94 x
- Frontage
- 65.94 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1972
- MLS® area
- Bolivar Heights
- MLS® number
- R3130213
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Listing data via MLS®. Displayed for information only.