12141 84 AVENUE, Surrey

$1,249,000

This 7,800 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.

Well kept 3 bedrooms and 2 baths rancher on a spacious lot offers a great opportunity to enjoy detached living in a convenient location. A great opportunity for first time buyers, downsizers or investors. Also, great potential to renovate or build. Close to schools, parks, transit and shopping. Zoned R3, which provides multi unit development potential under SSMUH. 4Plex or 6PLX, Side access, front access and lane access.

How this price compares

This lot asks $160 per square foot of lot. That is 8% above the median of $148 across the 505 active lots VanPlex is showing in Surrey, and puts it 301 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
$1,249,000
Lot size
7,800 sqft
Lot dimensions
64 x
Frontage
64 ft
Bedrooms
3
Bathrooms
2
Year built
1958
MLS® area
Queen Mary Park Surrey
MLS® number
R3160811

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Listing data via MLS®. Displayed for information only.