7342 140 STREET, Surrey
$1,349,999
This 11,820 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.
Discover the potential at 7342 140 Street in the heart of Surrey! This solid 5 bedroom full basement home sits on a huge lot and offers incredible opportunities for homeowners, investors, or builders alike. Would make a great Day Care Zoned R3 with potential for 4 unit redevelopment (buyer to verify with the City), this property presents exciting future possibilities. The home offers a functional layout with a full basement, plenty of space, a great bones to renovate, hold, or build new. Conveniently located close to schools, transit, shopping, parks, and everyday amenities, this is a rare opportunity in a rapidly development area. Excellent holding property with strong future upside! Tenant m/m.
How this price compares
This lot asks $114 per square foot of lot. That is 24% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 140 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
- $1,349,999
- Lot size
- 11,820 sqft
- Lot dimensions
- 74 x 168
- Frontage
- 74 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1973
- MLS® area
- East Newton
- MLS® number
- R3127300
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Listing data via MLS®. Displayed for information only.