9024 123A STREET, Surrey
$1,299,000
This 8,761 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.
Rare opportunity in desirable Queen Mary Park! Situated on an approximately 8,800 sq. ft. rectangular lot, this renovated 4 bedroom home offers exceptional value for families, investors, and builders alike. The bright and functional layout features spacious living and dining areas, updated kitchens on both levels, 3 bedrooms upstairs, and a 1 bedroom walk out basement suite with excellent mortgage helper potential. Enjoy the covered patio overlooking the huge fully fenced backyard, perfect for entertaining, kids, and pets. Conveniently located close to schools, parks, shopping, transit, and major commuter routes. Outstanding future potential for duplex, fourplex, or sixplex development (buyer to verify). A fantastic opportunity to move in, invest, hold, or build for the future.
How this price compares
This lot asks $148 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 256 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
- $1,299,000
- Lot size
- 8,761 sqft
- Lot dimensions
- 60 x 146
- Frontage
- 60 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1976
- MLS® area
- Queen Mary Park Surrey
- MLS® number
- R3135063
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Listing data via MLS®. Displayed for information only.