18120 58A AVENUE, Surrey
$1,349,000
This 7,729 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.
Attention investors. The allowable space provided by both home is rare find— and it pays for itself. Three income-generating suites below: a 2 bedroom suite at $1,550/mo, a 1 bedroom suite at $1,050/mo, and a bachelor suite. The south-facing backyard is made for kids and dogs, while the large sundeck off the kitchen is your front-row seat to breathtaking sunsets. Inside, a floor-to-ceiling ledge stone fireplace anchors the living room and the kitchen features newer stainless appliances. Walking distance to shops, KPU, and the new hospital. Martha Currie Elem. and Lord Tweedsmuir catchments. Homes with views, space, and built-in income like this don't come around often. Call or text today to book your private showing.
How this price compares
This lot asks $175 per square foot of lot. That is 16% above the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 362 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
- $1,349,000
- Lot size
- 7,729 sqft
- Lot dimensions
- 65.5 x
- Frontage
- 65.5 ft
- Bedrooms
- 6
- Bathrooms
- 4
- Year built
- 1978
- MLS® area
- Cloverdale BC
- MLS® number
- R3124229
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only.