15675 40TH AVENUE, Surrey
$3,399,000
This 448,668 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.
First time on the market!Rare opportunity to own 10+ acres of prime farmland in the sought-after Morgan Creek area.Enjoy the best of both worlds-peaceful rural living with modern conveniences minutes away.The updated 3-bedroom rancher is move-in ready, or rent it while planning your dream estate home.Outbuildings include a 26x58 barn and an original "cabin" dating back to the 1940-50's.CITY WATER is a valuable bonus.The property features incredibly rich "black gold" soil, natural black peat considered the most fertile in the province.The Nicomekl River borders the rear of the property, where you can enjoy stunning sunsets and unobstructed views of North Shore Mtns. Walk next door to Mary's Garden market, and enjoy quick access to all major routes. Excellent schools, rec and shopping close.
How this price compares
This lot asks $8 per square foot of lot. That is 95% below the median of $150 across the 526 active lots VanPlex is showing in Surrey, and puts it 7 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
- $3,399,000
- Lot size
- 448,668 sqft
- Lot dimensions
- 280 x 148x396x1791
- Frontage
- 280 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1971
- MLS® area
- Serpentine
- MLS® number
- R3116588
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Listing data via MLS®. Displayed for information only.