7371-7389 122A STREET, Surrey
$5,750,000
This 26,332 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.
DEVELOPMENT OPPORTUNITY IN SURREY WEST NEWTON! A rare opportunity to acquire an approx. 26,334 sqft (0.6-acre) development site in Surrey. 3 side by side lots, ideally situated on the corner of 122A Street and 74 Avenue, RA zone and falls within Scottsdale Exchange TOA and Low Rise Density OCP, offering potential for lot subdivision or up to 3.0 FSR 8-storey development. Just minutes from Strawberry Hill Shopping Centre, KPU, Newton Athletic Park, and public transit, the site offers excellent accessibility and convenience. A BC Hydro right-of-way is registered on the second and third lots, with potential for parking use. Don’t miss this exceptional opportunity to secure a prime development site in one of Surrey’s desirable and well-connected neighbourhoods. Call today for more information!
How this price compares
This lot asks $218 per square foot of lot. That is 52% above the median of $144 across the 474 active lots VanPlex is showing in Surrey, and puts it 417 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
- $5,750,000
- Lot size
- 26,332 sqft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1977
- MLS® area
- West Newton
- MLS® number
- R3180082
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Listing data via MLS®. Displayed for information only.