7938 140 STREET, Surrey
$987,900
This 7,860 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.
Opportunity Knocks! Build your dream home, this R-3 zoned lot meets some important guidelines to build a multiplex. Prime corner lot with 127 ft of frontage, side street and side lane. Features a 3-bedroom rancher with unfinished basement. Perched on a 7,848 sqft lot, and centrally located ample parking with room for RV/boat parking. Exceptional holding potential and is currently rented to reliable long-term tenants.
How this price compares
This lot asks $126 per square foot of lot. That is 16% below the median of $150 across the 526 active lots VanPlex is showing in Surrey, and puts it 171 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
- $987,900
- Lot size
- 7,860 sqft
- Lot dimensions
- 126 x
- Frontage
- 126 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1964
- MLS® area
- East Newton
- MLS® number
- R3153348
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only.