11378 RIVER ROAD, Surrey
$1,299,888
This 8,120 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 FRASER RIVER VIEWS on an approximately 8,200 SQFT LOT! Spacious 3-storey home offering 9 bedrooms and 5 bathrooms, ideal for a large family, investor or future building plans. The home has seen several updates over the years and features generous living and dining areas, a large kitchen, bamboo flooring, fireplace, patio and deck. Upstairs offers 5 bedrooms and 3 bathrooms, while downstairs features TWO 2-BEDROOM SUITES with $3500 in rent. providing excellent mortgage-helper potential. Conveniently located near Scott Road Station, schools, shopping, Highway 17 and Pattullo Bridge, with easy access to Richmond, Burnaby, New Westminster and beyond. A great home to live in, rent out or hold for the future.
How this price compares
This lot asks $160 per square foot of lot. That is 8% above the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 309 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
- $1,299,888
- Lot size
- 8,120 sqft
- Lot dimensions
- 53.31 x
- Frontage
- 53.31 ft
- Bedrooms
- 9
- Bathrooms
- 5
- Year built
- 1977
- MLS® area
- Royal Heights
- MLS® number
- R3165917
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Listing data via MLS®. Displayed for information only.