2714 PARKWAY DRIVE, Surrey
$1,518,888
This 9,703 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.
Introducing 2714 Parkway Drive, a rare South Surrey income property sitting on a generous 9,700sqft lot. This spacious 2,479 sq ft rancher delivers immediate cash flow with $7,200/month in rental income across three self-contained units: a 3 bed/2 bath primary residence plus two private 2-bedroom suites, each with separate entrances and shared laundry. Rear lane access adds further convenience and flexibility. Current City of Surrey bylaws permit up to 6 dwelling units on a property of this size, meaning the bones are already there for a houseplex build-out without a rezoning application. Neighbouring lots on this street have already rezoned to townhouse and multiple residential. This is the kind of land-heavy asset that quietly pays you while you wait. Don't miss it.
How this price compares
This lot asks $157 per square foot of lot. That is 5% above the median of $150 across the 526 active lots VanPlex is showing in Surrey, and puts it 291 of 526 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
- $1,518,888
- Lot size
- 9,703 sqft
- Lot dimensions
- 118 x
- Frontage
- 118 ft
- Bedrooms
- 7
- Bathrooms
- 4
- Year built
- 1971
- MLS® area
- King George Corridor
- MLS® number
- R3144913
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Listing data via MLS®. Displayed for information only.