14266 MELROSE DRIVE, Surrey
$999,000
This 10,946 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.
Investment opportunity here! Great rental, perfect to live in, or build your dream home or a Duplex with legal suites, all on a private south facing sunny 10,946 sq ft massive lot! Lots of updates/replacements include siding to Hardi, roof, gutters and down spouts, hot water tank, all doors and more! Kitchen has S/S appliances, & loads of cabinetry. Offering 2 well sized bdrms, 1 updated bth and a loft~ great for storage/flex space. Two driveways, RV parking & shipping container in yard for storage! Close to all amenities and bridge for commuters in a primo location with great neighbours and on a quiet, family oriented street and community.
How this price compares
This lot asks $91 per square foot of lot. That is 39% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 100 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
- $999,000
- Lot size
- 10,946 sqft
- Lot dimensions
- 66 x 157
- Frontage
- 66 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1954
- MLS® area
- Bolivar Heights
- MLS® number
- R3110312
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Listing data via MLS®. Displayed for information only.