6446 138 STREET, Surrey
$1,494,900
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 Townhome Development Opportunity! Exceptional investment, holding & development property designated for up to 30 units per acre under the approved South Newton NCP. Rare 0.70-acre (30,509 SF) flat, usable lot in the heart of East Newton, with all City services at the lot line. Excellent location close to transit, schools, shopping & amenities, with easy access to King George Blvd & Hwy 10. Convenient bus access to King George Sky-Train Station. Features a solid, well-maintained character rancher, ample parking & $6,050/month rental income. Neighbouring owners to the south are willing to sell or cooperate in a joint development, offering added potential. Property contains unauthorized accommodations. TRY ALL OFFERS!
How this price compares
This lot asks $49 per square foot of lot. That is 66% below the median of $144 across the 474 active lots VanPlex is showing in Surrey, and puts it 33 of 474 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
- $1,494,900
- Lot size
- 30,509 sqft
- Lot dimensions
- 120 x 253.6
- Frontage
- 120 ft
- Bedrooms
- 6
- Bathrooms
- 4
- Year built
- 1964
- MLS® area
- East Newton
- MLS® number
- R3177335
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Listing data via MLS®. Displayed for information only.