9072 187TH STREET, Surrey
$5,350,000
This 217,364.4 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.
A rare opportunity to acquire 4.99 acres of RA-zoned land in Surrey's Anniedale-Tynehead Neighbourhood. The property includes a single-family residence offering four bedrooms and two bathrooms. The property is situated just South of Highway 1 and a few minutes East of Highway 15. The Anniedale-Tynehead NCP designates this site for Industrial Business Park use. Buyers are advised to perform their own due diligence with the City of Surrey. Primary value lies in the land.
How this price compares
This lot asks $25 per square foot of lot. That is 83% below the median of $148 across the 515 active lots VanPlex is showing in Surrey, and puts it 24 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
- $5,350,000
- Lot size
- 217,364.4 sqft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1961
- MLS® area
- Port Kells
- MLS® number
- R3073138
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Listing data via MLS®. Displayed for information only.