10458 138 STREET, Surrey

$1,199,900

This 7,803 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 ALL DEVELOPERS & INVESTORS * * * | This centrally located property is available along with the neighbouring properties (10468, 10476, 10486). Currently zoned as R3 & Tier 3 TOA (Transit Oriented Area) which means higher density and allowance for 3.0 FAR up to 8 storeys. Or for a quick & easy build you have the option of a duplex/fourplex/houseplex (please check independently with City & your architect) with its 60 feet/18 metre frontage.

How this price compares

This lot asks $154 per square foot of lot. That is 7% above the median of $144 across the 474 active lots VanPlex is showing in Surrey, and puts it 278 of 474 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
$1,199,900
Lot size
7,803 sqft
Lot dimensions
60 x 130
Frontage
60 ft
Bedrooms
2
Bathrooms
1
Year built
1967
MLS® area
Whalley
MLS® number
R3175459

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.