12521 GROVE CRESCENT, Surrey
$1,195,000
This 7,700 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.
Excellent opportunity for first-time home buyers and investors alike! This spacious 6-bedroom, 4-bathroom home is situated on a 7,700 sq. ft. corner lot in the sought-after Cedar Hills neighbourhood. The roof was replaced in 2020, providing added peace of mind. Featuring two mortgage helpers with separate 2-bedroom and 1-bedroom basement suites, generating high rental income. A great investment opportunity with excellent cash-flow potential!
How this price compares
This lot asks $155 per square foot of lot. That is 5% above the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 284 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
- $1,195,000
- Lot size
- 7,700 sqft
- Lot dimensions
- 71 x 109
- Frontage
- 71 ft
- Bedrooms
- 6
- Bathrooms
- 4
- Year built
- 1967
- MLS® area
- Cedar Hills
- MLS® number
- R3168851
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Listing data via MLS®. Displayed for information only.