12779 DRUMMOND PLACE, Surrey
$1,399,000
This 12,830 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.
Exceptional development and investment opportunity! Situated on a 12,830 sq ft lot, this well-maintained 5-bedroom, 4-bathroom home offers 2,273 sq ft of comfortable living space and is currently fully tenanted, providing immediate holding income. For those looking to settle in, this home also presents an excellent opportunity to personalize and enjoy it for years to come. Build your custom estate or explore the potential for duplex development with garden suites (buyer to verify with the City). Conveniently located close to schools, shopping, parks, transit, and major commuter routes. A rare opportunity offering immediate value and exceptional future potential.
How this price compares
This lot asks $109 per square foot of lot. That is 26% below the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 139 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
- $1,399,000
- Lot size
- 12,830 sqft
- Lot dimensions
- 43.34 x 120
- Frontage
- 43.34 ft
- Bedrooms
- 5
- Bathrooms
- 4
- Year built
- 1975
- MLS® area
- Queen Mary Park Surrey
- MLS® number
- R3143780
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Listing data via MLS®. Displayed for information only.