8590 151A STREET, Surrey
$1,400,000
This 8,767 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.
Excellent Opportunity for First-Time Home Buyers & Investors! This well-located home sits on a generous 8,700 sq. ft. corner lot and offers an ideal combination of space, location, and income potential. Perfect for first-time buyers looking to enter the market or investors seeking a property with strong rental potential, this home features a mortgage helper to assist with monthly expenses. Conveniently located close to shopping, schools, parks, transit, and all major amenities, this property offers excellent accessibility and everyday convenience. The spacious corner lot provides plenty of outdoor space and future possibilities, making this a fantastic opportunity to own in a desirable and convenient location.
How this price compares
This lot asks $160 per square foot of lot. That is 8% above the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 304 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
- $1,400,000
- Lot size
- 8,767 sqft
- Lot dimensions
- 73 x 120
- Frontage
- 73 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1962
- MLS® area
- Bear Creek Green Timbers
- MLS® number
- R3164755
Want the PlexScore and return on equity for this lot? Try PlexPro free for 14 days. Cancel before day 14 and you pay nothing.
Listing data via MLS®. Displayed for information only.