16910 23 AVENUE, Surrey
$3,250,000
This 54,249 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.
The true value lies in its future potential. Strategically positioned within the Grandview Heights General Land Use Plan, this parcel is designated Urban Residential (4-15 units per acre) under the Official Community Plan (OCP) for high-potential redevelopment opportunity on a sprawling 1.25-acre (54,249 sq/ft) corner lot. A spacious 2781 sq/ft floor plan with 5 bedrooms, 3 bathrooms, living/dining/family/rec room, a sun-drenched south-facing patio and backyard with a detached workshop. School catchment: Edgewood Elementary, Grandview Heights Secondary within walking distance.
How this price compares
This lot asks $60 per square foot of lot. That is 60% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 49 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
- $3,250,000
- Lot size
- 54,249 sqft
- Lot dimensions
- 165 x 329
- Frontage
- 165 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1973
- MLS® area
- Pacific Douglas
- MLS® number
- R3101711
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Listing data via MLS®. Displayed for information only.