1495 164 STREET, Surrey
$1,248,000
This 7,495 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.
PERFECT BUILDING OPPORTUNITY! Located in South Surrey, this solid 3-bedroom rancher sits on an approximately 7,500 sq. ft. lot with lane access and a detached garage/workshop. Build your dream home, Duplex with Suites, or Triplex/Fourplex (Buyer to confirm with city hall). Surrounded by ongoing growth and redevelopment, this property offers strong future potential, including possible land assembly opportunities (buyer to verify with the City of Surrey). Conveniently located near Highway 99, White Rock, shopping, schools, transit, and other key amenities.
How this price compares
This lot asks $167 per square foot of lot. That is 13% above the median of $147 across the 495 active lots VanPlex is showing in Surrey, and puts it 334 of 495 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
- $1,248,000
- Lot size
- 7,495 sqft
- Lot dimensions
- 60 x
- Frontage
- 60 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1960
- MLS® area
- King George Corridor
- MLS® number
- R3168790
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Listing data via MLS®. Displayed for information only.