16184 20 AVENUE, Surrey
$4,999,900
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.
Investor & developer alert! Flat 1.13-acre non-ALR parcel in South Surrey’s Highway 99 Corridor Plan, designated for future Business Park / Light Industrial zoning. Prime location backing onto the newly approved / proposed Costco, surrounded by active commercial & industrial development. Corridor supports office, service commercial, wholesale, warehousing, & light manufacturing uses. Excellent access to Highway 99, truck routes, the U.S. border, & international airports. Strong holding property with ~2,282 sq/ft 4-bed, 2.5-bath home, ~1,893 sq/ft heated 3-bay shop & 686 sq/ft heated Quonset. Great infrastructure to live/work or as rental income. Build-to-suit, single or multi-tenant industrial/commercial development. Rare opportunity in a high-growth employment corridor.
How this price compares
This lot asks $102 per square foot of lot. That is 32% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 112 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
- $4,999,900
- Lot size
- 49,136 sqft
- Lot dimensions
- 164.49 x 297.77
- Frontage
- 164.49 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1972
- MLS® area
- Pacific Douglas
- MLS® number
- R3079425
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Listing data via MLS®. Displayed for information only.