15272 88 AVENUE, Surrey
$10,800,000
This 55,179 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.
ATTENTION DEVELOPERS & INVESTORS: Prime 55,000+ sq. ft. multi-parcel portfolio in Surrey’s Fleetwood SkyTrain Transit-Oriented Area (TOA), designated for up to 8-storey mixed-use development (3.0+ FAR). Located steps from the future 152 Street SkyTrain Station. This strategic offering includes two distinct components: PHASE 1 (Contiguous Site): 15260 & 15272 88 Ave plus 15263 87A Ave (~36,202 sq. ft.) featuring dual-street frontage between 88th and 87A Ave, maximizing buildable coverage and parkade design. PHASE 2 (Holding Parcel): 15232 88 Ave (18,583 sq. ft.) providing reliable holding income with long-term assembly upside. Sold together as-is, where-is. Contact listing agent for developer package and site details.
How this price compares
This lot asks $196 per square foot of lot. That is 32% above the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 424 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
- $10,800,000
- Lot size
- 55,179 sqft
- Lot dimensions
- 0 x 0
- Frontage
- 0 ft
- Bedrooms
- 1
- Bathrooms
- 1
- Year built
- 1948
- MLS® area
- Fleetwood Tynehead
- MLS® number
- R3134397
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Listing data via MLS®. Displayed for information only.