12881 CARLUKE CRESCENT, Surrey
$1,599,000
This 7,201 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.
Welcome to this spacious three-level split home in the sought-after Queen Mary neighborhood of Surrey! Featuring 7 bedrooms and 4.5 bathrooms, this property offers plenty of space for large families, multi-generational living, or investors seeking rental income potential. The home boasts generously sized rooms, hardwood flooring, vinyl windows, hot water heating, a cozy fireplace, and a functional layout. Two unauthorized suites(2+2) offer additional mortgage helper potential. One of the suites rented for $1650 per month. Big lot with future development potential (confirm with the city of Surrey) in the prime location! Enjoy a sunny backyard. The property also includes a crawl space.
How this price compares
This lot asks $222 per square foot of lot. That is 54% above the median of $144 across the 474 active lots VanPlex is showing in Surrey, and puts it 419 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
- $1,599,000
- Lot size
- 7,201 sqft
- Lot dimensions
- 60 x
- Frontage
- 60 ft
- Bedrooms
- 7
- Bathrooms
- 5
- Year built
- 1977
- MLS® area
- Queen Mary Park Surrey
- MLS® number
- R3177139
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Listing data via MLS®. Displayed for information only.