7485 185 STREET, Surrey
$2,980,000
This 44,866.8 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.
1.02 acres of land in West Clayton, designated as Urban 3 within the 2050 Draft OCP. Urban 3 allows multiple build forms, including Townhouses, Rowhouses, and SSMUH. This property slopes from East to West and offers a rancher with a basement house, in good livable condition, lived and loved by long-term owners. The land is clear and has multiple older outbuildings. The gardens are nicely maintained and offer a great combination of plants and fruit trees. This area is ripe for development, with Qualico leading the way just to the North, including the installation of the required offsite infrastructure to the catchment, including Sanitary Trunk Line extensions and the Detention Pond. Buyers can discuss the property with the City of Surrey to understand the redevelopment opportunity!
How this price compares
This lot asks $66 per square foot of lot. That is 56% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 60 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
- $2,980,000
- Lot size
- 44,866.8 sqft
- Lot dimensions
- 100 x
- Frontage
- 100 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1973
- MLS® area
- Clayton
- MLS® number
- R3111290
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Listing data via MLS®. Displayed for information only.