9895 179 STREET + 9854 LYNCEAN DRIVE, Surrey
$6,400,000
This 89,733.6 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.
Court-ordered sale, sold “as is, where is” and Properties to be sold together. Approval is in place to subdivide the properties into 11 single-family lots: 7 RF and 4 RF-13 lots. Under the City of Surrey’s updated Official Community Plan, the City may also support townhome development with potential for 36–42 units. Both properties contain homes with rental income potential. The property is sold on an As Is where is Basis and the Buyer, Buyer’s agent to verify all relevant details
How this price compares
This lot asks $71 per square foot of lot. That is 52% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 71 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
- $6,400,000
- Lot size
- 89,733.6 sqft
- Lot dimensions
- 255 x 182(2.06AC)
- Frontage
- 255 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1977
- MLS® area
- Fraser Heights
- MLS® number
- R3153127
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Listing data via MLS®. Displayed for information only.