2191 172 STREET, Surrey
$2,988,000
This 45,738 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.
CITY WATER. The true value lies in its future potential.Strategically positioned in the Grandview Heights General Land Use Plan,this parcel is designated Urban Residential 4–15 units per acre) under the Official Community Plan(OCP) for high-potential redevelopment opportunity. 1.05-acre estate offers a rare blend of privacy, space & investment promise in one of South Surrey’s most desirable growth corridors.Solid hardwood floors throughout.Renovated 2level Split. 4-bed,3-bath with generous living areas,valuable updates & great for living & entertaining.Metal roofs,HW on Demand,new appliances,new decking,2gas fireplaces,leaf guard,new windows/patio doors.Double garage attached.Workshop 40'x29'.PLUS outbuildings-storage.OpenParking-10cars.Close-schools,pool,shops. DO NOT WALK ONTO PROPERTY.
How this price compares
This lot asks $65 per square foot of lot. That is 56% below the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 64 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
- $2,988,000
- Lot size
- 45,738 sqft
- Lot dimensions
- 50.29 x 280
- Frontage
- 50.29 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1975
- MLS® area
- Pacific Douglas
- MLS® number
- R3098066
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Listing data via MLS®. Displayed for information only.