5820 184 STREET, Surrey
$1,429,000
This 7,190 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.
Exceptional development opportunity! This prime property is ideally suited for a 6000 sqft 3-Level Duplex plus a 800 sqft 2 Level Duplex Garden Home. Plans have already been submitted to the City of Surrey and are very close to approval. The property currently features a well maintained 2 level home with a 2 bedroom mortgage helper suite. Parking at both front and rear of the property with desirable lane access. Whether you're a builder, investor, or future homeowner, this is a rare chance to secure a property with significant development potential in a sought-after Cloverdale location.
How this price compares
This lot asks $199 per square foot of lot. That is 32% above the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 435 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
- $1,429,000
- Lot size
- 7,190 sqft
- Lot dimensions
- 64 x 112
- Frontage
- 64 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1955
- MLS® area
- Cloverdale BC
- MLS® number
- R3143469
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Listing data via MLS®. Displayed for information only.