8498 122 STREET, Surrey
$1,199,999
This 7,919 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.
Prime opportunity on a 7,919 sq.ft. lot with 70 ft frontage and desirable east-facing rear yard. This residential detached property offers excellent development potential build a three-level home or duplex with a garden suite at the back (buyer to verify with city). Currently features 3 bedrooms and 1 bath. Ideal for builders, investors, or those looking to create their dream home in a growing area. DUPLEX PLAN ATTACHED
How this price compares
This lot asks $152 per square foot of lot. That is about the same as the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 273 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
- $1,199,999
- Lot size
- 7,919 sqft
- Lot dimensions
- 70 x 114
- Frontage
- 70 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1958
- MLS® area
- Queen Mary Park Surrey
- MLS® number
- R3147077
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Listing data via MLS®. Displayed for information only.