7339 122A STREET, Surrey
$1,549,900
This 8,848 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.
INVESTOR & BUILDER ALERT in prime West Newton / Strawberry Hill! Flat, rectangular 8,800+ sq ft lot with massive development and holding potential. Within 400m of Scottsdale Exchange (confirm with city before offer) with Townhouses already built right at the back. Located directly near the Scottsdale Transit Exchange corridor, providing rapid access to major transit lines, R6 RapidBus, & key commuter routes. Unbeatable location steps from Strawberry Hill Shopping Centre, Cineplex, Kwantlen Polytechnic University (KPU), Westerman Elementary, & Princess Margaret Secondary. Existing home offers 5 Bedrooms w/ 1 bed rental suite. Solid holding income while you finalize plans. High-demand rental market ensures immediate cash flow. Rare development opportunity in a rapidly growing area—act fast!
How this price compares
This lot asks $175 per square foot of lot. That is 18% above the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 371 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
- $1,549,900
- Lot size
- 8,848 sqft
- Lot dimensions
- 63 x 137
- Frontage
- 63 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1975
- MLS® area
- West Newton
- MLS® number
- R3161859
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Listing data via MLS®. Displayed for information only.