10966 140 STREET, Surrey
$1,275,000
This 10,634 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.
INVESTOR & DEVELOPER ALERT! Fantastic opportunity in desirable Surrey location! This property offers excellent holding and future development potential, making it ideal for builders, investors and families. Potential for a duplex/multi unit housing concept. Buyer's and their representative to verify all zoning, permitted uses, density setbacks, servicing and development potential directly with the City of Surrey. Conveniently located near schools, parks, Guildford Mall, Surrey Central, transit and major transportation routes. Whether you're looking to build, invest or hold, this is an opportunity worth exploring! Conceptual photos are for illustration purposes only and do not represent an approved building or development plan. All measurements approximate; buyer to verify if important.
How this price compares
This lot asks $120 per square foot of lot. That is 19% below the median of $148 across the 505 active lots VanPlex is showing in Surrey, and puts it 158 of 505 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
- $1,275,000
- Lot size
- 10,634 sqft
- Lot dimensions
- 64 x
- Frontage
- 64 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1953
- MLS® area
- Bolivar Heights
- MLS® number
- R3161489
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Listing data via MLS®. Displayed for information only.