9974 127B STREET, Surrey
$1,099,000
This 7,700 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.
Fantastic investment opportunity in prime Surrey Central! Fully renovated 1/2 duplex with no strata fees on a quiet street. Situated on a huge, flat, fully fenced lot with back lane access and sunny backyard. Upstairs offers 2 spacious bedrooms, bright living room, large patio, and kitchen with granite counters & stainless steel appliances. Downstairs features 3 bedrooms with a kitchen—fully finished mortgage helper suite. Upgrades include roof (2024), plumbing (2024), insulation (2025), plus AC & EV charger. Ample parking & storage. Close to schools, parks, shopping & transit. Currently rented for $4,850/month—positive cash flow from day one!
How this price compares
This lot asks $143 per square foot of lot. That is 5% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 230 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
- $1,099,000
- Lot size
- 7,700 sqft
- Lot dimensions
- 70 x 110
- Frontage
- 70 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1976
- MLS® area
- Cedar Hills
- MLS® number
- R3112931
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Listing data via MLS®. Displayed for information only.