16172 20 AVENUE, Surrey
$6,280,000
This 49,136 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.
Fantastic opportunity for builder and investors! This 1.13-acre future development property located in the Highway 99 Corridor plan, is slated for future business park/light industrial zoning. It is on 20th Avenue offers strategic proximity to key transportation routes, including designated truck routes to the US and easy access to international airports. Potential uses include office and service purposes, wholesale, warehousing, and light manufacturing.
How this price compares
This lot asks $128 per square foot of lot. That is 15% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 180 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
- $6,280,000
- Lot size
- 49,136 sqft
- Lot dimensions
- 164 x 297
- Frontage
- 164 ft
- Bedrooms
- 1
- Bathrooms
- 0
- Year built
- 1972
- MLS® area
- Grandview Surrey
- MLS® number
- R3046856
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Listing data via MLS®. Displayed for information only.