2290 171 STREET, Surrey
$3,668,000
This 48,990 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.
Located in the highly sought-after Grandview Area 5 NCP, this 1.12-acre parcel presents an exceptional redevelopment opportunity for investors and developers looking toward the future growth of South Surrey. The existing residence is a custom-built 4-bedroom, 3-bathroom family home situated on an extremely private, park-like lot reminiscent of “Stanley Park.” The main living area features a massive deck off the kitchen overlooking the beautifully treed backyard, creating a peaceful setting ideal for entertaining or relaxing in nature. The ground level offers a huge recreation room along with additional space that could be easily converted into a 2-bedroom rental suite, providing excellent income potential. walking distance to Grandview Heights Secondary School and Grandview Aquatic Centre.
How this price compares
This lot asks $75 per square foot of lot. That is 50% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 79 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
- $3,668,000
- Lot size
- 48,990 sqft
- Lot dimensions
- 165 x 297
- Frontage
- 165 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1973
- MLS® area
- Pacific Douglas
- MLS® number
- R3125741
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Listing data via MLS®. Displayed for information only.