6848 135 AVENUE, Surrey
$1,299,000
This 7,080 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! This well-maintained property presents an exceptional opportunity for homeowners, investors, and first-time buyers alike. Enjoy comfortable living today while benefiting from future redevelopment possibilities. Ideally situated just minutes from King George Boulevard, public transit, schools, shopping, and everyday amenities, the location offers outstanding convenience. For those looking to maximize investment potential, this property may offer the opportunity for a future low-rise development when assembled with the adjacent property. Buyers are advised to conduct their own due diligence and verify all development potential, zoning, and land use requirements directly with the City of Surrey.
How this price compares
This lot asks $183 per square foot of lot. That is 22% above the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 401 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
- $1,299,000
- Lot size
- 7,080 sqft
- Lot dimensions
- 58 x 122
- Frontage
- 58 ft
- Bedrooms
- 8
- Bathrooms
- 5
- Year built
- 1977
- MLS® area
- West Newton
- MLS® number
- R3151029
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Listing data via MLS®. Displayed for information only.