13090 111 AVENUE, Surrey
$999,900
This 8,836 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.
Opportunity starts with the land. Set on an impressive 8,836 sq. ft. lot with approximately 49' of frontage and 168' of depth, this centrally located North Surrey property offers R3 zoning and full municipal services. The deep, south-facing, corner lot provides an exciting canvas for builders, developers and buyers looking ahead to what comes next. Poplar Park is directly across the street, with Theresa Clarke Elementary nearby and convenient access to SkyTrain, shopping and recreation. A compelling opportunity to build, hold or explore future development in a rapidly evolving area. The existing home is being sold with the value focused on the property and its future possibilities. Buyers to verify permitted uses, density, setbacks and development potential with the City of Surrey.
How this price compares
This lot asks $113 per square foot of lot. That is 24% below the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 148 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
- $999,900
- Lot size
- 8,836 sqft
- Lot dimensions
- 49.25 x 168.53
- Frontage
- 49.25 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1948
- MLS® area
- Whalley
- MLS® number
- R3167970
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Listing data via MLS®. Displayed for information only.