13221 112B AVENUE, Surrey
$1,098,000
This 11,228 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.
Prime redevelopment opportunity in a desirable and convenient location. This property sits on a generous 11,228sqft lot with excellent potential for future townhome development, making it an attractive option for builders, investors, and forward-thinking buyers. Whether you are looking to hold, rent, or plan for redevelopment, the value here is in the land and the future possibilities. The home is in great condition and livable. Close to amenities, transit, schools, and major routes, this is a strategic acquisition in an area with ongoing growth and redevelopment activity.
How this price compares
This lot asks $98 per square foot of lot. That is 34% below the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 115 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
- $1,098,000
- Lot size
- 11,228 sqft
- Lot dimensions
- 74.86 x 150
- Frontage
- 74.86 ft
- Bedrooms
- 2
- Bathrooms
- 2
- Year built
- 1953
- MLS® area
- Bolivar Heights
- MLS® number
- R3168398
Want the PlexScore and return on equity for this lot? Try PlexPro free for 14 days. Cancel before day 14 and you pay nothing.
Listing data via MLS®. Displayed for information only.