14935 CANARY DRIVE, Surrey
$1,225,000
This 8,570 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 opportunity in the heart of Bolivar Heights!** This 2-level home sits on a generous 8,570 sq. ft. lot in a highly desirable North Surrey neighborhood. The property offers excellent potential for builders, investors, or buyers looking to create a multi-unit project, with zoning allowing up to 6 units according to the City of Surrey. The existing home provides a solid starting point while the expansive lot offers plenty of possibilities for future development. Conveniently located close to schools, parks, shopping, transit, and major routes, including easy access to Highway 1. A rare opportunity to secure a substantial development property in an established and growing community. **Buyer to verify all development potential, zoning, and measurements with the City of Surrey
How this price compares
This lot asks $143 per square foot of lot. That is 5% below the median of $150 across the 526 active lots VanPlex is showing in Surrey, and puts it 231 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
- $1,225,000
- Lot size
- 8,570 sqft
- Lot dimensions
- 61 x
- Frontage
- 61 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1964
- MLS® area
- Bolivar Heights
- MLS® number
- R3154270
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Listing data via MLS®. Displayed for information only.