1682 140 STREET, Surrey
$1,470,000
This 10,701 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.
An exceptional investment opportunity in a high-demand South Surrey location. 1682 140th Street offers strong potential for future fourplex development (subject to municipal approvals), making it an ideal acquisition for builders, developers, and long-term investors. Situated on a well-located lot within an established and evolving neighbourhood, this property benefits from proximity to schools, parks, shopping, transit, and major commuter routes-key drivers for multi-unit rental demand and resale value. The area continues to see steady growth, with increasing interest in gentle density and small multi-family projects. Whether held as a land-banking strategy or positioned for redevelopment, this property represents a rare chance to capitalize on Surrey's ongoing expansion, housing demand.
How this price compares
This lot asks $137 per square foot of lot. That is 7% below the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 206 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
- $1,470,000
- Lot size
- 10,701 sqft
- Lot dimensions
- 69.74 x 154
- Frontage
- 69.74 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1974
- MLS® area
- Sunnyside Park Surrey
- MLS® number
- R3119947
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Listing data via MLS®. Displayed for information only.