14654 106 AVENUE, Surrey
$2,189,000
This 11,217 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.
INVESTOR & DEVELOPER ALERT. Prime 11,217 sq ft RECTANGULAR LOT in Guildford with strong holding income & redevelopment upside. Substantially renovated in 2019, offering 9 bedrooms, 5.5 bathrooms, four rented units generating $8,800/month, supporting stable rental while buyers explore future potential. 6 story condo already completed & under construction on 106 Ave: Guildford the Greatest completed on the east side and a new development started on the west side of the property, buyer to verify zoning, density, and other development feasibility with the City of Surrey. Walk to Guildford Town Centre, Superstore, schools, parks and transit; minutes to Highway 1 & 17, Patullo & Alex Fraser Bridge. Full package with rent agreements available. DO NOT WALK PROPERTY WITHOUT APPOINTMENT.
How this price compares
This lot asks $195 per square foot of lot. That is 30% above the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 429 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
- $2,189,000
- Lot size
- 11,217 sqft
- Lot dimensions
- 61 x 188
- Frontage
- 61 ft
- Bedrooms
- 8
- Bathrooms
- 6
- Year built
- 1971
- MLS® area
- Guildford
- MLS® number
- R3142592
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Listing data via MLS®. Displayed for information only.