12704 107A AVENUE, Surrey
$1,499,000
This 14,689 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 redevelopment opportunity! This property comes with an existing 2-storey home featuring 5 bedrooms, 3 bathrooms, and a finished basement. A PLA has already been issued for two lots, offering a clear path toward future subdivision. The property includes two good-sized future lots along with the existing 2-storey house. Longer closing date options are available to accommodate your planning and development timeline. Under SSMUH (Small-Scale Multi-Unit Housing) regulations, the property also offers potential for future higher-density redevelopment, subject to applicable zoning, approvals, and municipal requirements. A great opportunity for investors, builders, and developers looking for both immediate value and long-term redevelopment potential.
How this price compares
This lot asks $102 per square foot of lot. That is 31% below the median of $147 across the 495 active lots VanPlex is showing in Surrey, and puts it 130 of 495 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
- $1,499,000
- Lot size
- 14,689 sqft
- Lot dimensions
- 162 x 143
- Frontage
- 162 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1969
- MLS® area
- Cedar Hills
- MLS® number
- R3169528
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Listing data via MLS®. Displayed for information only.