17695 97 AVENUE, Surrey
$1,690,000
This 12,720 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.
Great Holding property! This RARE opportunity is located within the Anniedale-Tynehead NCP of Surrey, designated for IL (Light Industrial). Oversized 12,720SF FLAT lot with 82' frontage by 155' depth. Strategically located, just steps from HWY 15 and south of HWY 1, the property is surrounded by temporary use applications of outdoor storage and truck parking, and development applications of light industrial use. The property also includes a Mechanic's SHOP (built with the City's permit), providing extra income potential while you plan for redevelopment. The house is sold as-is, the value mainly in the land. Easy access to the Port Mann Bridge, Golden Ears Bridge, and major highways, perfectly positioned for opportunities in a rapidly growing industrial corridor.
How this price compares
This lot asks $133 per square foot of lot. That is 11% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 189 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
- $1,690,000
- Lot size
- 12,720 sqft
- Lot dimensions
- 82 x 155
- Frontage
- 82 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1957
- MLS® area
- Port Kells
- MLS® number
- R3116788
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only.