15463 16A AVENUE, Surrey
$1,319,000
This 9,196 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.
Excellent opportunity for an investment. This property is in the Semiahmoo Plan for Multi-Family Use, low rise. Close to shopping, amenities, and hospital. Just off 16th Ave bus routes and 4 blocks to the Semiahmoo Mall. Over 9000 sq ft. flat lot. 2 bedrooms+ a large den, 2 bathrooms. Great options for this property. House can be renovated to move in or be rented while working through the development process. Call for more details. This home is virtually open at all times.
How this price compares
This lot asks $143 per square foot of lot. That is 4% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 233 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
- $1,319,000
- Lot size
- 9,196 sqft
- Lot dimensions
- 60 x
- Frontage
- 60 ft
- Bedrooms
- 2
- Bathrooms
- 2
- Year built
- 1959
- MLS® area
- King George Corridor
- MLS® number
- R3142493
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Listing data via MLS®. Displayed for information only.