10055 122 STREET, Surrey

$998,988

This 8,560 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.

Beautiful fully renovated home sits on a large lot, over 8500 sq. fl. 2012 renovations include new electrical panel, new electrical wiring, new drywall, new double glazed windows in addition to other items. Incredible city view from this property. Features 3 bedrooms, family room, living room, kitchen, eating area and 1 1/2 bath upstairs. Unauthorized suite downstairs. Includes 3 bedrooms, kitchen and 1 full bathroom. Basement is rented $ 1850 plus 40% utilities per month with separate laundry. Potential opportunity to build a 3 level house, duplex or fourplex. Verification required through City Hall. SELLER IS MOTIVATED. Showings only Friday & Sunday between 12 & 6PM.Needs 24hrs notice please.

How this price compares

This lot asks $117 per square foot of lot. That is 21% below the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 153 of 515 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
$998,988
Lot size
8,560 sqft
Lot dimensions
80 x 107
Frontage
80 ft
Bedrooms
6
Bathrooms
3
Year built
1959
MLS® area
Cedar Hills
MLS® number
R3109293

Want the PlexScore and return on equity for this lot? Try PlexPro free for 14 days. Cancel before day 14 and you pay nothing.

Listing data via MLS®. Displayed for information only.