9253 137A STREET, Surrey
$1,198,600
This 7,198 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.
Development Opportunity! Prime central location with excellent potential for a future 4-plex or 6-plex (subject to City approvals). Situated on a spacious lot, this property is ideally located just minutes from Surrey Memorial Hospital, schools, parks, shopping, SkyTrain, and major commuter routes. The existing 3-bedroom, 1-bathroom home offers holding income while you plan your next project. A fantastic opportunity for builders, investors, and developers looking to capitalize on Surrey's evolving housing policies and strong demand for multi-family housing. Property is being sold primarily for land value. Buyers to verify all development potential with the City of Surrey. All offers to remain open for a minimum of 48 hours from delivery.
How this price compares
This lot asks $167 per square foot of lot. That is 11% above the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 331 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
- $1,198,600
- Lot size
- 7,198 sqft
- Lot dimensions
- 68 x
- Frontage
- 68 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1958
- MLS® area
- Bear Creek Green Timbers
- MLS® number
- R3136528
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only.