16910 23 AVENUE, Surrey
$3,250,000
This 54,341 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.
INVESTMENT & FUTURE DEVELOPMENT POTENTIAL! Rare 1.25-acre (54,341 sq.ft.) corner property in sought-after Grandview Heights. Located within the Grandview Heights General Land Use Plan and identified as Urban Residential (4–15 units/acre), with the Area 5 NCP now underway, offering significant long-term redevelopment potential, subject to future planning, rezoning and servicing approvals. The existing 2,781 sq.ft. home features 5 bedrooms, 3 bathrooms, living/dining/family/rec rooms, a sunny south-facing patio and backyard, detached workshop and ample parking. Walking distance to Grandview Heights Aquatics Centre, Edgewood Elementary, Grandview Heights Secondary and shopping. Exceptional opportunity for investors and long-term holders!
How this price compares
This lot asks $60 per square foot of lot. That is 60% below the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 51 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
- $3,250,000
- Lot size
- 54,341 sqft
- Lot dimensions
- 165 x 329.4
- Frontage
- 165 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1973
- MLS® area
- Pacific Douglas
- MLS® number
- R3157063
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Listing data via MLS®. Displayed for information only.