12627 58 AVENUE, Surrey
$1,050,000
This 7,937 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.
Best Price! Rare opportunity on a nearly 8,000 sq. ft. lot in a prime Surrey location. This basement-entry home features 3 bedrooms and 2 bathrooms on the main level, plus a 1-bedroom suite below. Currently generating $4,100/month in rental income ($2,500 upper / $1,600 lower, month-to-month), making it an excellent holding property with immediate cash flow. Spacious backyard with a large deck and strong duplex or redevelopment potential (buyer to verify with the City). Conveniently located close to schools, parks, and transit. Ideal for investors or families seeking future growth. Roof -2016, Renovation 2017-18, Basement was renovated 2017, Hot water tank 2021.
How this price compares
This lot asks $132 per square foot of lot. That is 8% below the median of $144 across the 474 active lots VanPlex is showing in Surrey, and puts it 186 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
- $1,050,000
- Lot size
- 7,937 sqft
- Lot dimensions
- 62 x
- Frontage
- 62 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1970
- MLS® area
- Panorama Ridge
- MLS® number
- R3175689
Want the PlexScore and return on equity for this lot? Try PlexPro free for 14 days. Cancel before day 14 and you pay nothing.
Listing data via MLS®. Displayed for information only.