12343 OLD YALE ROAD, Surrey
$1,138,000
This 6,494 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.
INVESTORS DELIGHT! An excellent revenue property in a fast developing INDUSTRIAL HUB of Surrey. 1300 sq workshop turned into a garage with hoist and other mechanical equipment. Rental income from workshop and one unit in excess of $5000 per month. Main part of house is vacant and needs work. Seller willing to finish repair work to make it rentable Close to all amenities including Skytrain, Bus, Shopping, Restaurants, Khalsa School & Gurudwara. Easy to show.
How this price compares
This lot asks $175 per square foot of lot. That is 22% above the median of $144 across the 474 active lots VanPlex is showing in Surrey, and puts it 358 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
- $1,138,000
- Lot size
- 6,494 sqft
- Lot dimensions
- 66 x 99
- Frontage
- 66 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1928
- MLS® area
- Bridgeview
- MLS® number
- R3181180
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Listing data via MLS®. Displayed for information only.