12921 SOUTHRIDGE DRIVE, Surrey
$1,598,800
This 30,927 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.
PANORAMA RIDGE! This 5 BEDROOM, 3 BATHROOM home on an impressive 30,927 SQ FT LOT offers ENDLESS POTENTIAL—renovate, live in as-is, create a MULTI-INCOME RENTAL PROPERTY or BUILD YOUR DREAM HOME. An excellent opportunity for INVESTORS, families or builders! Offering 2,867 sq ft with OCEAN & MUD BAY VIEWS, exceptional privacy and a spacious layout. The main home features a bright kitchen, FORMAL DINING ROOM, 3 bedrooms plus office and spacious PRIMARY BEDROOM with ensuite & French doors to the patio. A 1 BEDROOM MORTGAGE HELPER adds income potential. PRIVATE BACKYARD with mature fruit trees, DOUBLE GARAGE & ample additional parking. Close to Colebrook Elementary, Panorama Ridge Secondary, Mud Bay Park, Joe Brown Park, Panorama Village, Sullivan Square & Newton Recreation Centre.
How this price compares
This lot asks $52 per square foot of lot. That is 65% below the median of $148 across the 505 active lots VanPlex is showing in Surrey, and puts it 37 of 505 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
- $1,598,800
- Lot size
- 30,927 sqft
- Lot dimensions
- 100 x 335
- Frontage
- 100 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1979
- MLS® area
- Panorama Ridge
- MLS® number
- R3156305
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Listing data via MLS®. Displayed for information only.