8406 152 STREET, Surrey
$1,625,000
This 14,215 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.
1/3 acre corner lot situated in Stage 1 Fleetwood Plan, designated for mixed use of baseline 2.2 F.A.R. Rancher with two suites offers remarkable revenue plus backyard parking lot rent. The current zoning, location and condition of the property provides a buyer all the flexibilities: the strong cashflow supports either holding the property for future redevelopment in the Fleetwood Plan or subdivision into smaller Small Scale Multi Unit Housing building lots or simply building your dream house on a big corner lot that is within a walkable distance to the new Skytrain station at 152 St + Fraser Hwy. Call today to learn all potentials with professional guidance.
How this price compares
This lot asks $114 per square foot of lot. That is 22% below the median of $147 across the 495 active lots VanPlex is showing in Surrey, and puts it 152 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
- $1,625,000
- Lot size
- 14,215 sqft
- Lot dimensions
- 62 x
- Frontage
- 62 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1958
- MLS® area
- Fleetwood Tynehead
- MLS® number
- R3169712
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Listing data via MLS®. Displayed for information only.