6446 138 STREET, Surrey
$1,499,000
This 30,509 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.
BEST PRICED 0.7 ACRE TOWNHOUSE DEVELOPMENT PROPERTY IN THE AREA! Exceptional development opportunity in the South Newton NCP. Designated for Townhouse Development with potential density of up to 30 Units Per Acre. Rare 0.70 Acre (30,509 SF) flat and usable lot in the heart of East Newton with all City services at lot line. Excellent location close to transit, schools, shopping, and all amenities, with easy access to King George Blvd & Hwy 10. Easy bus ride to Sky-Train on King George. Property includes a solid, clean, and well-maintained character rancher with ample parking and good holding income potential. Cooperative neighboring properties offer strong development & land assembly potential. Also great monthly rental income. OFFERS!
How this price compares
This lot asks $49 per square foot of lot. That is 67% below the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 34 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
- $1,499,000
- Lot size
- 30,509 sqft
- Lot dimensions
- 120 x 253.6
- Frontage
- 120 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1964
- MLS® area
- East Newton
- MLS® number
- R3129595
Want the PlexScore and return on equity for this lot? Try PlexPro free for 14 days. Cancel before day 14 and you pay nothing.
Listing data via MLS®. Displayed for information only.