5973 HOLSTEIN STREET, Surrey
$1,149,999
This 7,623 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.
DEVELOPMENT POTENTIAL! A rare investment opportunity awaits in Cloverdale with this 7,600sqft rectangular lot, ideally suited for builders and investors. Capitalize on the existing 3-bedroom rancher, currently rented to reliable tenants at $2,300 per month, providing immediate income while you explore development options. Envision building a new three-level home, or with new SSMUH regulations, a MULTIPLEX and a garden suite (Buyer to do own due diligence). Survey and Engineer's MBE Letter available to aid in your planning. This prime location in a high-demand area offers exceptional possibilities to maximize your investment in Cloverdale's thriving real estate market. Please respect the tenant's privacy; do not disturb.
How this price compares
This lot asks $151 per square foot of lot. That is about the same as the median of $150 across the 526 active lots VanPlex is showing in Surrey, and puts it 269 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
- $1,149,999
- Lot size
- 7,623 sqft
- Lot dimensions
- 18.29 x
- Frontage
- 60.01 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1975
- MLS® area
- Cloverdale BC
- MLS® number
- R2968246
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only.