18295 74 AVENUE, Surrey
$2,800,000
This 48,787.2 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.
West Clayton Townhouse Land - Court-Ordered Sale. 1.13 Acres. Active Development Application with the Eastern neighbour (18331 74 Ave R3124351) in place for a 47-unit townhouse site. Being sold as is where is, these properties are an excellent opportunity for a developer to access the West Clayton market. New Sanitary Trunk Line along 74 Avenue and Detention Pond is just to the West. This property, along with the Eastern neighbours, is development-ready. Buyers are advised to speak to the City of Surrey regarding the active application. These lands are designated as Urban I within the OCP 2050, designated for SSMUH, Rowhouses, townhouses, and low-rise apartments (4-storey), subject to certain limitations. See OCP 2050. Call Wells with any questions.
How this price compares
This lot asks $57 per square foot of lot. That is 62% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 46 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
- $2,800,000
- Lot size
- 48,787.2 sqft
- Lot dimensions
- 164.9 x
- Frontage
- 164.9 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1959
- MLS® area
- Clayton
- MLS® number
- R3144140
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Listing data via MLS®. Displayed for information only.