1504 160 STREET, Surrey
$1,799,000
This 8,600 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.
Exceptional opportunity in prime South Surrey! Set on an 8,600+ sq. ft. lot with 6,600+ sq. ft. of built space, this rare RMS-1 (Special Care Housing) property offers incredible flexibility. The front features a self-contained 2 bed, 2 bath home, while the main building offers 11 rooms, large washrooms, elevator, wheelchair access, staff areas, and a commercial kitchen-ideal for assisted living, community care, senior housing, health services, or childcare (buyer to verify). Ample parking, garage, workshop, and RV space. Potential $10,000+ monthly income or future redevelopment upside! Listing contains both virtually staged and original photos.
How this price compares
This lot asks $209 per square foot of lot. That is 40% above the median of $150 across the 526 active lots VanPlex is showing in Surrey, and puts it 446 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
- $1,799,000
- Lot size
- 8,600 sqft
- Lot dimensions
- 62.77 x 138
- Frontage
- 62.77 ft
- Bedrooms
- 13
- Bathrooms
- 6
- Year built
- 1965
- MLS® area
- King George Corridor
- MLS® number
- R3095342
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Listing data via MLS®. Displayed for information only.