3316 140 STREET, Surrey
$2,578,000
This 32,190 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.
Rare offering in prestigious Elgin Chantrell. This impressive 32,190 sq. ft. lot presents a unique opportunity for investors, builders, or those looking to create a custom dream home. With its wide frontage and lot size, the property may offer future subdivision potential. Surrounded by luxury estate homes in one of South Surrey's most sought-after communities, the existing residence provides rental income and holding flexibility while future plans are explored. Located within a premier school catchment and just minutes from Crescent Beach, golf courses, shopping, parks, and major transportation routes. Opportunities like this are rare in one of South Surrey's most coveted neighbourhoods. Buyer to verify all redevelopment and subdivision possibilities with the City of Surrey.
How this price compares
This lot asks $80 per square foot of lot. That is 47% below the median of $150 across the 526 active lots VanPlex is showing in Surrey, and puts it 87 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
- $2,578,000
- Lot size
- 32,190 sqft
- Lot dimensions
- 170 x
- Frontage
- 170 ft
- Bedrooms
- 6
- Bathrooms
- 4
- Year built
- 1971
- MLS® area
- Elgin Chantrell
- MLS® number
- R3139098
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Listing data via MLS®. Displayed for information only.