12783 56 AVENUE, Surrey
$2,000,000
This 38,768 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.
Rare Panorama Ridge land assembly opportunity with ocean views. This 0.89-acre corner property features a tenant-occupied three-bedroom home, offering rental income while a buyer plans for the future. Three neighbouring vacant lots, totalling approximately 1.3 additional acres, are also listed for sale. Together, the four parcels offer approximately 2.19 acres. Each property has its own MLS® listing, asking price and detailed description; the price shown here is for 12783 56 Avenue only. Buyers interested in the full assembly should review all four listings and verify zoning, servicing and development options with the City of Surrey.
How this price compares
This lot asks $52 per square foot of lot. That is 65% below the median of $147 across the 495 active lots VanPlex is showing in Surrey, and puts it 37 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
- $2,000,000
- Lot size
- 38,768 sqft
- Lot dimensions
- 240 x
- Frontage
- 240 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1928
- MLS® area
- Panorama Ridge
- MLS® number
- R3169886
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Listing data via MLS®. Displayed for information only.