13231 112B AVENUE, Surrey
$998,000
This 11,235 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.
EXCEPTIONAL investment & redevelopment opportunity! Situated on an expansive 11,235 sq.ft. lot, this 74.9' x 150' property offers incredible potential for builders, investors, and developers looking to capitalize on future development. Enjoy beautiful northern city and mountain views in a prime location just minutes from Surrey Central and Scott Road SkyTrain stations. Close to shopping, schools, parks, transit, and major commuter routes, everything you need is within easy reach. The existing home is well kept, offering the flexibility to move in, rent out, or hold while exploring future redevelopment. R3 zoning allows for a single-family house of +/- 5,436 buildable sq.ft. or a duplex of +/- 6,028 buildable sq.ft. Illustrations are approx. buyers to perform independent due diligence.
How this price compares
This lot asks $89 per square foot of lot. That is 38% below the median of $144 across the 474 active lots VanPlex is showing in Surrey, and puts it 101 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
- $998,000
- Lot size
- 11,235 sqft
- Lot dimensions
- 74.9 x 150
- Frontage
- 74.9 ft
- Bedrooms
- 2
- Bathrooms
- 3
- Year built
- 1955
- MLS® area
- Bolivar Heights
- MLS® number
- R3178697
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Listing data via MLS®. Displayed for information only.