9286 148 STREET, Surrey
$1,250,000
This 8,940 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 to own a 8,940 sq. ft. holding property in one of Surrey's fastest-growing redevelopment corridors. Situated within the proposed Fleetwood Development Plan and an area identified for future townhouse rezoning, this charming rancher offers outstanding long-term potential. Ideally located across from Green Timbers Urban Forest, steps to the future 152 Street & Fraser Highway SkyTrain Station, and minutes to shopping, schools, SFU, and everyday amenities. The private backyard features a covered patio, extended deck, fire pit, mature trees, storage shed, and a detached studio with a full bathroom and fireplace. Long-term tenants provide immediate rental income while you hold for the future.
How this price compares
This lot asks $140 per square foot of lot. That is 7% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 220 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
- $1,250,000
- Lot size
- 8,940 sqft
- Lot dimensions
- 60 x 149
- Frontage
- 60 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1958
- MLS® area
- Fleetwood Tynehead
- MLS® number
- R3142835
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Listing data via MLS®. Displayed for information only.