12369 OLD YALE ROAD, Surrey
$1,249,999
This 6,122 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.
HOT DEAL!!! Opportunity knocks for the investor seeking cash flow property. Renovated 3 Story House with 9 bed & 6 bath with long term tenants currently generates over $3700 monthly rental income with potential for more. Directly across from Khalsa School, Skytrain nearby, Quick access to Hwy 17, 4 min to Patullo. Hold this property in an up and coming area of Bridgeview. Unique investment opportunity as a holding property with a great income stream. Note: Property is selling as is where is. All measurements are approximate and buyer should verify if important. Contains unauthorized accommodations. Zoning IL-1.
How this price compares
This lot asks $204 per square foot of lot. That is 38% above the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 436 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
- $1,249,999
- Lot size
- 6,122 sqft
- Lot dimensions
- 104 x
- Frontage
- 104 ft
- Bedrooms
- 8
- Bathrooms
- 6
- Year built
- 1944
- MLS® area
- Bridgeview
- MLS® number
- R3165469
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Listing data via MLS®. Displayed for information only.