14086 72 AVENUE, Surrey
$974,900
This 7,200 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.
BUILDERS, INVESTORS & DEVELOPERS ALERT! Prime 7,200 sq. ft. lot with REAR LANE access in the heart of Newton. Zoned R3 with potential for up to 4 dwelling units under current provincial housing legislation (verify with the City of Surrey), offering exceptional redevelopment and investment potential. The property currently features a 4-bedroom rancher and is conveniently located near schools, Newton Exchange, Newton Recreation Centre, Newton Wave Pool, Costco, Real Canadian Superstore, shopping, restaurants, banks, and major commuter routes. Rear lane access further enhances the property's versatility and future possibilities. Whether you're looking to build, invest, hold for the future, or explore redevelopment opportunities, this property is worth a closer look! Don't wait!
How this price compares
This lot asks $135 per square foot of lot. That is 10% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 201 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
- $974,900
- Lot size
- 7,200 sqft
- Lot dimensions
- 60 x 120.00
- Frontage
- 60 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1960
- MLS® area
- East Newton
- MLS® number
- R3136620
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Listing data via MLS®. Displayed for information only.