14042 110 AVENUE, Surrey
$1,200,000
This 95,265 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.
Unlock massive potential with this rare 2.19 acre property in a highly connected Surrey neighborhood. Offering a spacious 2,317 sq. ft. layout with 5 bdrm & 2 bath, this estate is a powerhouse investment. It currently generates $5,000/month with the sellers partially using the space, and boasts a staggering potential income of $9,000/month. The location is incredibly central - you are just minutes from Gateway SkyTrain, Central City Shopping Centre, and the upcoming 140 St SkyTrain extension. Families will appreciate the quick walk to Ellendale Elementary and Forsyth Park. Whether you are seeking a cash-flowing holding asset or envisioning future possibilities, this massive lot combines unbeatable urban convenience with phenomenal upside.
How this price compares
This lot asks $13 per square foot of lot. That is 92% below the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 16 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
- $1,200,000
- Lot size
- 95,265 sqft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1968
- MLS® area
- Bolivar Heights
- MLS® number
- R3152024
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Listing data via MLS®. Displayed for information only.