15023 72 AVENUE, Surrey
$1,399,000
This 20,342 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.
LAND VALUE OPPORTUNITY IN THE CHIMNEY HEIGHTS AREA - Exceptional opportunity to acquire a prime 20,342 sq. ft. R1-Zoned property in a highly desirable Surrey neighborhood, close to shopping, parks, schools and public transportation. The existing residence sustained fire damage and is uninhabitable. The property is being offer primarily for land value. The improvements are considered to have little or no contributory value, making this an ideal opportunity for builders, developers, investors, or buyers looking to create a custom home in an established area. A prime chance to secure a large lot in a sought-after area with strong future potential. COURT DATE SET FOR OCTOBER 1, 2026. PLEASE CALL FOR SCHEDULE "A" and details
How this price compares
This lot asks $69 per square foot of lot. That is 54% below the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 71 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
- $1,399,000
- Lot size
- 20,342 sqft
- Lot dimensions
- 118 x 157
- Frontage
- 118 ft
- Bedrooms
- 0
- Bathrooms
- 3
- Year built
- 1967
- MLS® area
- East Newton
- MLS® number
- R3149937
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Listing data via MLS®. Displayed for information only.