11350 LANSDOWNE DRIVE, Surrey
$1,069,000
This 8,708 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.
INVEST, LIVE OR BUILD in Bolivar Heights! Set on an expansive 8,708 sq. ft. lot, this 5-bedroom, 2-bath home offers flexibility and future potential. The main floor features 3 bedrooms and a full kitchen, currently rented to great long-term tenants providing immediate holding income. Downstairs is vacant, with 2 additional bedrooms, a second kitchen and space ready for your own use, extended family or future rental possibilities. Enjoy the benefits of two distinct living areas while planning your next move. For builders and investors, a new home could capture beautiful north-facing views from upper levels, subject to design and approvals. Located in an established neighbourhood near parks, schools, shopping, transit and Highway 1. A rare chance to secure a large lot with income in place!
How this price compares
This lot asks $123 per square foot of lot. That is 16% below the median of $146 across the 496 active lots VanPlex is showing in Surrey, and puts it 171 of 496 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
- $1,069,000
- Lot size
- 8,708 sqft
- Lot dimensions
- 73 x 118/120
- Frontage
- 73 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1959
- MLS® area
- Cedar Hills
- MLS® number
- R3175614
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Listing data via MLS®. Displayed for information only.