18291 BAYARD PLACE, Surrey
$950,000
This 9,513.66 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.
Opportunity knocks in the heart of Cloverdale! Situated on a quiet cul-de-sac, this 9,513.66 sq. ft. R3-zoned property offers exceptional potential for investors, builders, or those looking to hold and build in the future. The existing 3-bedroom, basement entry home features a rec room, glass-enclosed 12' x 16' sundeck, RV parking, and a private, treed backyard, but the value is primarily in the land. Designated Urban 1 in the OCP, with trails, parks, and Downtown Cloverdale just minutes away. Buyer to verify development/building potential with the City of Surrey. Backs onto Hydro line.
How this price compares
This lot asks $100 per square foot of lot. That is 32% below the median of $147 across the 495 active lots VanPlex is showing in Surrey, and puts it 125 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
- $950,000
- Lot size
- 9,513.66 sqft
- Lot dimensions
- 36 x 136, IREG
- Frontage
- 36 ft
- Bedrooms
- 3
- Bathrooms
- 3
- Year built
- 1978
- MLS® area
- Cloverdale BC
- MLS® number
- R3152236
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Listing data via MLS®. Displayed for information only.