5567 -5577 KING GEORGE BOULEVARD, Surrey
$2,980,000
This 42,403 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.
Nearly 1 acre across two adjacent parcels in desirable Panorama Ridge. The value is in the land, with redevelopment potential in a Frequent Bus Stop Area, stormwater infrastructure in place, sewer access on Trites Road, and possible water views. Buyers to confirm development potential with the City of Surrey. To be sold with adjacent 5587 King George Boulevard, creating an approximately 1.9-acre assembly.
How this price compares
This lot asks $70 per square foot of lot. That is 52% below the median of $147 across the 495 active lots VanPlex is showing in Surrey, and puts it 72 of 495 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
- $2,980,000
- Lot size
- 42,403 sqft
- Lot dimensions
- 151.54 x 361.09
- Frontage
- 151.54 ft
- Bedrooms
- 4
- Bathrooms
- 4
- Year built
- 1946
- MLS® area
- Panorama Ridge
- MLS® number
- R3169770
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Listing data via MLS®. Displayed for information only.