9385 125 STREET, Surrey
$3,999,000
This 27,668 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.
ATTENTION BUILDERS, DEVELOPERS & INVESTORS! Rare opportunity to acquire a 27,668 sq.ft. (0.635 acre) corner property in Queen Mary Park neighbourhood. Professionally prepared feasibility study supports a potential 4-lot subdivision consisting of 2 single-family lots and 2 duplex lots (buyer to verify). Prime corner exposure with frontage on 125 Street and side frontage on 94 Avenue offers excellent redevelopment potential. Existing home provides holding income potential while future plans are explored. Convenient location close to schools, parks, shopping, transit and major commuter routes. Feasibility package available upon request. Buyer to verify all development potential, lot yield, servicing requirements and municipal approvals.
How this price compares
This lot asks $145 per square foot of lot. That is 4% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 238 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
- $3,999,000
- Lot size
- 27,668 sqft
- Lot dimensions
- 132.11 x 209.48
- Frontage
- 132.11 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1979
- MLS® area
- Queen Mary Park Surrey
- MLS® number
- R3138662
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Listing data via MLS®. Displayed for information only.