14038 114A AVENUE, Surrey
$1,099,000
This 7,431 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.
A beautifully renovated rancher located in a quiet and family-friendly neighbourhood, close to Traditional School, parks, shopping, and other amenities, sitting on a large 7,449 sq.ft. lot. Features fresh interior paint and offers outstanding future development potential under the new zoning guidelines. Property has back lane access (currently inactive) with concept plans in initial stage by UDC Design for a 3-level side-by-side duplex with potential of 2-storey coach homes at the rear. An excellent opportunity for investors, builders, or families looking for both comfortable living and strong future potential.
How this price compares
This lot asks $148 per square foot of lot. That is about the same as the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 255 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
- $1,099,000
- Lot size
- 7,431 sqft
- Lot dimensions
- 55 x 135
- Frontage
- 55 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1956
- MLS® area
- Bolivar Heights
- MLS® number
- R3127147
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Listing data via MLS®. Displayed for information only.