7929 124 STREET, Surrey
$1,738,880
This 12,988 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.
Investor Alert! "Preliminary Layout Approval received June 2025! 13000sf lot subdividable into 2 approximately 6500 sqft, R3 zoned lots. Under the zoning update in 2024, R3 zoning allows for a 3-story suited duplex, (4 legal units) on each lot! OR build 2 massive houses with suites, endless opportunities! Original house on the property is livable but could use some TLC. Buyer to confirm all relevant details." Great chance to turn your dreams into reality! Great location at West Newton neighborhood with bright, culturally diverse community that also acts as an industrial hub.
How this price compares
This lot asks $134 per square foot of lot. That is 11% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 195 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
- $1,738,880
- Lot size
- 12,988 sqft
- Lot dimensions
- 99 x 132
- Frontage
- 99 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1966
- MLS® area
- West Newton
- MLS® number
- R3119485
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Listing data via MLS®. Displayed for information only.