18268 74 AVENUE, Surrey
$4,980,800
This 44,395 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.
Prime 1-acre development property in a rapidly developing area of West Clayton. An excellent opportunity for builders and developers, with neighbouring properties already moving forward with development, demonstrating the active transition of the surrounding area.This substantial one-acre parcel is well positioned for development and offers an opportunity to secure land in an area where development is already taking place. The property benefits from its location near major routes, schools, shopping, recreation, and other amenities.With development activity occurring directly in the surrounding neighbourhood, 18268 74 Avenue presents a timely opportunity for a developer looking to capitalize on the area's continued growth and transformation.
How this price compares
This lot asks $112 per square foot of lot. That is 24% below the median of $147 across the 495 active lots VanPlex is showing in Surrey, and puts it 148 of 495 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
- $4,980,800
- Lot size
- 44,395 sqft
- Lot dimensions
- 152.3 x
- Frontage
- 152.3 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1968
- MLS® area
- Clayton
- MLS® number
- R3171273
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Listing data via MLS®. Displayed for information only.