9763 132 STREET, Surrey
$1,499,000
This 7,812 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.
Exceptionally located and attractively priced, this beautifully maintained home offers outstanding future potential on a generous lot with back-lane access and ample parking. Minutes from Surrey City Centre, shopping, SkyTrain, Surrey Memorial Hospital, and transit. The property features multiple unauthorized accommodations, including one 2-bedroom suite, one 1-bedroom suite, and one bachelor suite, currently generating $3,200 per month in rental income from the basement accommodations, offering excellent flexibility and income potential. Two expansive sundecks overlooking the park provide an inviting space to relax or entertain. An exceptional opportunity in a highly convenient location.
How this price compares
This lot asks $192 per square foot of lot. That is 29% above the median of $148 across the 505 active lots VanPlex is showing in Surrey, and puts it 404 of 505 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
- $1,499,000
- Lot size
- 7,812 sqft
- Lot dimensions
- 63 x 124
- Frontage
- 63 ft
- Bedrooms
- 7
- Bathrooms
- 5
- Year built
- 1960
- MLS® area
- Cedar Hills
- MLS® number
- R3157656
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Listing data via MLS®. Displayed for information only.