858 164 STREET, Surrey
$5,900,000
This 53,065 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.
BUILDER OPPORTUNITY in South Surrey. A rare chance to acquire 8 lots in one package: 6 R4 Small Lot lots and 2 R3 Urban lots on 164 Street, just north of 8 Avenue. Initial approval is in place, and the application has been submitted to move to the next stage. The grading plan, servicing concept and Class D servicing cost estimate are complete. Under Surrey’s small-scale multi-unit housing rules, each lot may allow up to 4 units, for a potential of up to 32 homes. Build single-family homes with suites and coach houses, or multiplexes, and phase your sell-out. The lots sit in an established neighbourhood with a proven small-lot pattern, close to South Meridian Park, schools, Grandview shopping and Highway 99. Lots are sold as-is and unserviced. Buyer to verify all zoning with City.
How this price compares
This lot asks $111 per square foot of lot. That is 23% below the median of $144 across the 474 active lots VanPlex is showing in Surrey, and puts it 139 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
- $5,900,000
- Lot size
- 53,065 sqft
- Lot dimensions
- 135 x 320
- Frontage
- 135 ft
- Bedrooms
- 2
- Bathrooms
- 2
- Year built
- 1973
- MLS® area
- King George Corridor
- MLS® number
- R3183552
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Listing data via MLS®. Displayed for information only.